IDEAS home Printed from https://ideas.repec.org/h/pal/psitcp/978-1-137-41138-9_2.html
   My bibliography  Save this book chapter

Genoa, 1340–1620: Early Development of Marine Insurance

In: Marine Insurance

Author

Listed:
  • Luisa Piccinno

Abstract

Marine insurance is probably the oldest financial instrument intended solely to protect against the impact of fortuitous commercial losses. Its origins and early development have been debated by scholars for more than a century. Some have argued that the ancient Phoenicians and Greeks protected their maritime enterprises through systems of loans with a risk-transfer element. More ambiguous contracts which transferred the risk of oceangoing trade have also been identified. From very early on in the development of these instruments, states paid attention to such arrangements. Among the earliest evidence of state interest in such contracts is a Roman edict of the year 533, during the reign of Justinian.1 Conversely, other authoritative scholars argue that insurance in its modern form was unknown in the ancient world.2

Suggested Citation

  • Luisa Piccinno, 2016. "Genoa, 1340–1620: Early Development of Marine Insurance," Palgrave Studies in the History of Finance, in: A. B. Leonard (ed.), Marine Insurance, chapter 2, pages 24-45, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-1-137-41138-9_2
    DOI: 10.1057/9781137411389_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maristella Botticini & Pietro Buri & Massimo Marinacci, 2023. "Presidential Address 2023: The Beauty of Uncertainty: The Rise of Insurance Contracts and Markets in Medieval Europe," Journal of the European Economic Association, European Economic Association, vol. 21(6), pages 2287-2326.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psitcp:978-1-137-41138-9_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.