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All fired up: the growth of fire insurance in Sweden, 1830-1950
Umeå University, Faculty of Social Sciences, Department of Economic History.ORCID iD: 0000-0002-3293-2318
Umeå University, Faculty of Social Sciences, Department of Economic History.
2010 (English)In: Financial History Review, ISSN 0968-5650, E-ISSN 1474-0052, Vol. 17, no 1, 99-117 p.Article in journal (Refereed) Published
Abstract [en]

In this article we investigate supply and demand factors that have been put forward to explain the growth of fire insurance markets in Sweden during the financial revolution. We show that income growth and urbanisation fostered the demand for fire insurance. The supply of fire insurance, on the other hand, helps explain financial market development. Fire insurance assisted in mortgaging fixed assets, such as houses, through guaranteeing them as collateral. On both the upply side and the demand side, fire insurance was a key factor of the financial revolution in Sweden.

Place, publisher, year, edition, pages
Cambridge Journals , 2010. Vol. 17, no 1, 99-117 p.
Keyword [en]
Insurance, financial revolution, Sweden, household consumption, economic growth
National Category
Economic History
Research subject
Economic History
Identifiers
URN: urn:nbn:se:umu:diva-33037DOI: 10.1017/S0968565009990151OAI: oai:DiVA.org:umu-33037DiVA: diva2:309672
Projects
Finansiell omvandling och ekonomisk tillväxtThe historical development of the Swedish insurance industry
Funder
Riksbankens Jubileumsfond, P2006-0679:1-E
Available from: 2010-04-08 Created: 2010-04-08 Last updated: 2017-12-12Bibliographically approved

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Lindmark, MagnusAndersson, Lars Fredrik
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  • de-DE
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  • asciidoc
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