Professor Robin Pearson R.Pearson@hull.ac.uk
Professor of Economic History
Economic and environmental conditions for the diffusion of insurance in three non-Euro-American regions during the nineteenth and twentieth centuries
Pearson, Robin; Daudi, Francis; Kocher, Eva; Musterle, Claus
Authors
Francis Daudi
Eva Kocher
Claus Musterle
Abstract
This paper discusses the macroeconomic and environmental conditions for the spread of insurance in three non-Western world regions (China, Middle East and sub-Sahara Africa). Focusing on the 19th and 20th centuries, it examines the patterns of economic development relevant for the growth of insurance in these regions, and compares these against standard economic models of insurance diffusion. The paper argues that the growth of insurance must be explained by more than a simple linear relationship with the growth of per capita incomes. As well as income levels, other factors affecting insurance development include urbanization, taxation, savings rates, legal compulsion to insure, state provision of social security, state-owned insurance bodies and the presence of large infrastructural projects. The second part of the paper focuses on environmental conditions in these regions that drove insurance growth, including climate and geography, demography, drought and disease, building materials and risk-reduction technologies.
Citation
Pearson, R., Daudi, F., Kocher, E., & Musterle, C. (in press). Economic and environmental conditions for the diffusion of insurance in three non-Euro-American regions during the nineteenth and twentieth centuries. Asia-Pacific Journal of Risk and Insurance, https://doi.org/10.1515/apjri-2022-0045
Journal Article Type | Article |
---|---|
Acceptance Date | Mar 7, 2023 |
Online Publication Date | Apr 20, 2023 |
Deposit Date | Mar 17, 2023 |
Publicly Available Date | Apr 21, 2024 |
Journal | Asia-Pacific Journal of Risk and Insurance |
Print ISSN | 1793-2157 |
Publisher | De Gruyter |
Peer Reviewed | Peer Reviewed |
DOI | https://doi.org/10.1515/apjri-2022-0045 |
Keywords | Africa; China; Insurance development; Ottoman Empire |
Public URL | https://hull-repository.worktribe.com/output/4241697 |
Files
Published article
(997 Kb)
PDF
Copyright Statement
© 2023 Walter de Gruyter GmbH, Berlin/Boston
You might also like
The development of international insurance
(2010)
Book
Risk and the Insurance Business in History
(2020)
Book
Downloadable Citations
About Repository@Hull
Administrator e-mail: repository@hull.ac.uk
This application uses the following open-source libraries:
SheetJS Community Edition
Apache License Version 2.0 (http://www.apache.org/licenses/)
PDF.js
Apache License Version 2.0 (http://www.apache.org/licenses/)
Font Awesome
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2024
Advanced Search