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Growth, crisis and change in the insurance industry: a retrospect

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  • Robin Pearson

Abstract

The insurance industry currently finds itself in a revolutionary situation characterized, in part, by the impact of new direct marketing techniques, facilitated by new technologies; by corporate restructuring and the creation of international mega-corporations; and by the accelerating globalization of the industry. This article surveys recent research on insurance history with the aim of placing these developments in their long-run context. Three areas are examined for evidence of continuities and discontinuities with the past: namely, the impact of technology, the interaction between markets and organizational change, and the globalization of insurance and its relationship to economic growth.

Suggested Citation

  • Robin Pearson, 2002. "Growth, crisis and change in the insurance industry: a retrospect," Accounting History Review, Taylor & Francis Journals, vol. 12(3), pages 487-504.
    • Handle: RePEc:taf:acbsfi:v:12:y:2002:i:3:p:487-504
    DOI: 10.1080/09585200210164610
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    References listed on IDEAS

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    1. Kenneth A. Froot, 1999. "The Financing of Catastrophe Risk," NBER Books, National Bureau of Economic Research, Inc, number froo99-1, January.
    2. Froot, Kenneth A. (ed.), 1999. "The Financing of Catastrophe Risk," National Bureau of Economic Research Books, University of Chicago Press, number 9780226266237, August.
    3. Yates, JoAnne, 1993. "Co-evolution of Information-Processing Technology and Use: Interaction between the Life Insurance and Tabulating Industries," Business History Review, Cambridge University Press, vol. 67(1), pages 1-51, April.
    4. Oliver Westall, 1997. "Invisible, Visible and 'Direct' Hands: An Institutional Interpretation of Organisational Structure and Change in British General Insurance," Business History, Taylor & Francis Journals, vol. 39(4), pages 44-66.
    5. Yates, JoAnne, 1993. "Co-evolution of Information-Processing Technology and Use: Interaction between the Life Insurance and Tabulating Industries," Business History Review, Cambridge University Press, vol. 67(1), pages 1-51, April.
    6. Robin Pearson, 1993. "Taking risks and containing competition: diversification and oligopoly in the fire insurance markets of the north of England during the early nineteenth century," Economic History Review, Economic History Society, vol. 46(1), pages 39-64, February.
    7. Yates, JoAnne, 1951-, 1993. "Co-evolution of information processing technology and use : interaction between the life insurance and tabulating industries," Working papers 3575-93., Massachusetts Institute of Technology (MIT), Sloan School of Management.
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    Cited by:

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