Economics

Mutual Insurance 1550-2015: From Guild Welfare And Friendly Societies To Contemporary Micro-Insurers PDF

Mutual Insurance 1550-2015: From Guild Welfare And Friendly Societies To Contemporary Micro-Insurers PDF

Mutual Insurance 1550 2015: From Guild Welfare And Friendly Societies To Contemporary Micro Insurers PDF

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Mutual Insurance 1550 2015: From Guild Welfare And Friendly Societies To Contemporary Micro Insurers PDF

Preface

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.

About the author

P. Anderson

Love to collect books from all websites and share it with people

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