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Mutual Insurance 1550-2015

In the modern Western world, we tend to be insured by the state or for-profit insurers. We have privileged this system over mutual or micro-insurance, whose long and rich history we tend to forget. Yet, mutual and micro-insurance is becoming increasingly important, both in the Western and in the non-Western world and bears re-examination.

This book traces the track record of mutual insurance from 1550 to the present, examining provisions for burial, sickness, unemployment, old age, and widowhood. The author seeks to address such topics as the type of risks micro-insurance covered between 1550 and 2015; how it was organized throughout its history; who provided the coverage; and how contributions, benefit levels, and conditions have changed.

Importantly, the author explores why this system has worked through, and endured, the test of time. Mutual insurance can, for instance, overcome classic insurance problems such as adverse selection and moral hazards. The author demonstrates that the study of the position micro-insurance historically assumed in mixed economies of welfare presents interesting lessons for today’s insurance market, as well as for today’s mutualism.

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Detail Information
Series Title
Palgrave Studies in the History of Finance
Call Number
-
Publisher
: .,
Collation
XIII, 321
Language
English
ISBN/ISSN
978-1-137-53109-4
Classification
NONE
Content Type
text
Media Type
computer
Carrier Type
online resource
Edition
1
Subject(s)
Social Structure
Financial Services
Financial History
Social History
Social Choice and Welfare
Specific Detail Info
-
Statement of Responsibility
Other Information
Cataloger
sara
Source
-
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No other version available

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