Advertisement

The Swedish Financial Revolution and the Insurance Industry

  • Mikael Lönnborg
  • Mikael Olsson
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

The financial sector is, of course, a complex nexus of markets, organizations and institutions. The aim of this chapter is to highlight the insurance industry and its role as a supplier of external finance, but also its role as part of an emerging financial sector. Initially though, it bears pointing out that insurance as a phenomenon has played an essential role in the formation of modern society: the reduction of risks connected to large-scale industrial investments and the enhancement of individual safety being two of the more prominent advances connected to the evolution of insurance.1 However, in this chapter we concentrate on the evolvement of the industry primarily as a source of external finance in supporting the industrial revolution in Sweden and the related question of whether the emergence of a domestic insurance market was part of a financial revolution.

Keywords

Real Estate Insurance Market Life Insurance Real Estate Market Insurance Industry 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Annual Reports, Skandia (1855–1915), Skåne (1884–1915), Thule (1872–1915).Google Scholar
  2. Bergander, B. (1967), Försåkringsvåsendet i Sverige 1814–1914, Lund.Google Scholar
  3. Bolin, S. (1934), Skåne. Brand- och Hfförsåkringsaktiebolaget. Minnesskrift 1884–1934, Malmö.Google Scholar
  4. Boksjö, A. and Lönnborg-Andersson, M. (1994), “Competitive and collusive institutions in the Swedish insurance market,” Scandinavian Insurance Quarterly, No. 2, p. 139–159.Google Scholar
  5. Borch, K. (1990), (ed.), Economics of Insurance, North-Holland, Netherlands.Google Scholar
  6. Bring, E. (1917), “Historik,” in Brand- och Hfförsåkringsaktiebolaget Svea. Minnesskrift 1866–1917, Göteborg.Google Scholar
  7. Englund, K. (1982), Insurance companies on the move: From Skandia to the Skandia Group 1855–1980, Skandia, Stockholm.Google Scholar
  8. Fredrikson, V. et al., (1972), Framtiden Livförsåkringsaktiebolag. De förenade, Framtiden, Victoria. Minnesskrift, Trygg-Hansa, Stockholm.Google Scholar
  9. Grenholm, Å. (1955), Försåkringsaktiebolaget Skandia 1855–1955, Stockholm.Google Scholar
  10. Kuuse, J. and Olsson, K. (2000), Ett sekel med Skandia [A Century with Skandia], Skandia, Stockholm.Google Scholar
  11. Larsson, M. and Ögren, A. (2010), “Legitimacy in establishing a new financial system. A historical and geographical outlook,” in Olsson, M., Lönnborg, M. and Rafferty, M. (eds), Unplanned. The transformation of states and financial markets in “transition” countries, Södertörn Academic Studies, Huddinge (Sweden).Google Scholar
  12. Larsson, M. and Lönnborg, M. (2009, forthcoming), “History of insurance companies in Sweden 1855–2005,” in: Caruana, L. (eds.), The history of insurance companies around the world, The 75th Anniversary of Mapfre, Madrid.Google Scholar
  13. Larsson, M., Lönnborg, M. and Svård, S-E. (2005), Den svenska försåkringsmod-ellens uppgång och fall, SFF Förlag, Stockholm.Google Scholar
  14. Leffler, J. (1905), “Historik,” In Försåkringsaktiebolaget Skandia 1855–1905, Stockholm.Google Scholar
  15. Lifförsåkringsaktiebolaget Thule (1923), Lifförsåkrings-aktiebolaget Thule 1872–1922. Minnesskrift, Part I and II, Stockholm.Google Scholar
  16. Ljungqvist, G. (1930), “Historik” in: Försåkringsaktiebolaget Skandia 1855–1930, Stockholm.Google Scholar
  17. Lönnborg, M. (1999), Internationalisering av svenska försåkringsbolag. Drivkrafter, organisering och utveckling 1855–1913, Uppsala Studies in Economic History no. 46, Uppsala.Google Scholar
  18. Lönnborg, M., Rafferty, M. and Ögren, A. (2003), “One hundred and fifty years of financial crises in Sweden,” in Hedberg, P. and Hasselberg, Y. (eds), In it together. Essays in financial and business history in honour of Mats Larsson, Uppsala Studies in Economic history, no. 65, Uppsala, pp. 113–144.Google Scholar
  19. Ogren, A. (2003), Empirical studies in money, credit and banking: The Swedish credit market in transition under the silver and gold standards 1934–1913, Stockholm School of Economics, Stockholm.Google Scholar
  20. Palme, G. (1923), “Thules penningeplaceringar,” in Lifförsåkringsaktiebolag Thule 1872–1922. Minnesskrift. Part I, Stockholm, pp. 84–96.Google Scholar
  21. Palme, S. (1923), “Thule under 50 år,“ in Lifförsåkringsaktiebolag Thule 1872–1922. Minnesskrift. Part I, Stockholm, pp. 9–37.Google Scholar
  22. Pearson, R. (2004), Insuring the industrial revolution. Fire insurance in Great Britain 1700–1850, Ashgate; Aldershot.Google Scholar
  23. Pearson, R. (1997), “British and European insurance enterprise in American markets 1850–1914,” Business and Economic History, Vol. 26, No. 2, pp. 438–451.Google Scholar
  24. Pearson, R. and Lönnborg, M. (2007), “Swedish insurance companies and the San Francisco earthquake of 1906,“ in Borscheid, P. and Pearson, R. (eds.), Internationalisation and globalisation of the insurance industry in the 19th and 20th centuries, Philipps University, Marburg, pp. 27–40.Google Scholar
  25. Pearson, R. and Lönnborg, M. (2008), “Regulatory regime and multinational insurers before 1914,” Business History Review, Vol. 82, No. 1, pp. 59–86.CrossRefGoogle Scholar
  26. Private Insurance in Sweden (1954), How it has developed and how it is being supervised, Described by the Insurance Inspectorate, Stockholm.Google Scholar
  27. Söderberg, T. (1935), Försåkringsvåsendets historia iSverige infill Karl Johanstiden [The History of the insurance market until the time of King Karl fohan], Stockholm.Google Scholar
  28. Trebilcock, C. (1985), Phoenix Assurance and the Development of British Insurance. Volume 1 1782–1870, Cambridge University Press, Cambridge.Google Scholar
  29. Trebilcock, C. (1998), Phoenix Assurance and the Development of British Insurance. Volume 2, The Era of the insurance giants 1870–1984, Cambridge University Press, Cambridge.Google Scholar

Copyright information

© Mikael Lönnborg & Mikael Olsson 2010

Authors and Affiliations

  • Mikael Lönnborg
  • Mikael Olsson

There are no affiliations available

Personalised recommendations