Reinsurance is an invisible service industry which enables insurance companies to insure more risks and to make better use of their resources. Until recently, reinsurers were only known to a small minority outside the insurance community. Major disasters, especially those caused by natural catastrophes, have increasingly brought the industry into the spotlight. Yet what is perceived today by a wider public still only represents a fraction of the industry, and the mechanisms of reinsurance to deal with global risk exposure are virtually unknown. The Value of Risk provides an overview of how today's reinsurance industry developed. It investigates for the first time the role of reinsurers in a changing risk, economic, and market environment. Harold James explains the fundamental principles of insuring and outlines the evolution of the industry in his introductory essay. In Part I, Peter Borscheid describes in detail the global spread of modern insurance, which emerged in the late eighteenth century amidst ideas of rationalism which attempted to quantify risk in monetary terms, the setbacks it encountered, and how the market environment changed over time. Professional reinsurance emerged with the rise in insured risks in the industrialising mid-nineteenth century. By the time the San Francisco Earthquake happened in 1906 the reinsurance industry had become well established and showed a remarkable ability to deal collectively with the catastrophe. David Gugerli describes in Part II how the industry as a whole dealt with such challenges but also the numerous exposures to a changing risk landscape. Against this background, in Part III Tobias Straumann examines the history of the Swiss Reinsurance Company, founded in 1863, providing a fascinating example of how professional risk taking was developed over the last 150 years.
This book explains how today's insurance industry developed and highlights the role of the reinsurance industry in spreading risks globally. The book examines the development of insurance markets and of the reinsurance industry in particular, and the history of Swiss Re, one of the leading reinsurance companies in the world.
This title explains how today's insurance industry developed and highlights the role of the reinsurance industry in spreading risks globally. It examines the development of insurance markets and of the reinsurance industry in particular, and the history of Swiss Re, one of the leading reinsurance companies in the world.
This fascinating volume examines the impact that rapid urbanization has had upon diets and food systems throughout Western Europe over the past two centuries. Bringing together studies from across the continent, it stresses the fundamental links between key changes in European social history and food systems, food cultures and food politics. Contributors respond to a number of important questions, including: when and how did local food production cease to be sufficient for the city and when did improved transport conditions and liberal commercial relations replace local by supra-regional food supplies? How far did the food industry contribute to improved living conditions in cities? What influence did urban consumers have? Food and the City in Europe since 1800 also examines issues of food hygiene and health impacts in cities, looks at various food innovations and how ’new’ foods often first gained acceptance in cities, and explores how eating fashions have changed over the centuries.
Peter Burke follows up his magisterial Social History of Knowledge, picking up where the first volume left off around 1750 at the publication of the French Encyclopédie and following the story through to Wikipedia. Like the previous volume, it offers a social history (or a retrospective sociology of knowledge) in the sense that it focuses not on individuals but on groups, institutions, collective practices and general trends. The book is divided into 3 parts. The first argues that activities which appear to be timeless - gathering knowledge, analysing, disseminating and employing it - are in fact time-bound and take different forms in different periods and places. The second part tries to counter the tendency to write a triumphalist history of the 'growth' of knowledge by discussing losses of knowledge and the price of specialization. The third part offers geographical, sociological and chronological overviews, contrasting the experience of centres and peripheries and arguing that each of the main trends of the period - professionalization, secularization, nationalization, democratization, etc, coexisted and interacted with its opposite. As ever, Peter Burke presents a breath-taking range of scholarship in prose of exemplary clarity and accessibility. This highly anticipated second volume will be essential reading across the humanities and social sciences.
Now largely forgotten, Henry Enfield Roscoe was one of the most prominent chemists and educational reformers in Victorian Britain. His contributions include transforming Owens College into Victoria University, now the University of Manchester, campaigning for the reform of technical education, serving as the Liberal MP for South Manchester, and cofounding the Lister Institute of Preventative Medicine. In this detailed biography, authors Morris and Reed provide a timely and original contribution to the history of nineteenth-century British science and its relation to education, industry, and government policy, highlighting Roscoe's significant legacy as one of the leading scientists of his generation.
By examining the values, ideas and social and political movements of people from all over Europe, this encyclopedia illuminates the underlying framework of its vast and colourful social history.
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