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Multinational enterprise in insurance: An historical overview

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  • Mira Wilkins

Abstract

The article traces the history of multinational enterprise (MNE) in insurance from the nineteenth century to the present, highlighting the importance of this topic. The essay breaks new ground in providing the first overall historical snapshot of MNEs in insurance. Long before the First World War, MNE insurers had substantial global interests. MNEs from the UK, the European continent, the United States and Canada in non-life and life insurance as well as in reinsurance established business around the world, obtaining substantial revenues from the operations in foreign locales. In many countries they were the innovators in the provision of this service. The article found differing patterns through time, discontinuities (exits), and a range of differences when comparing the non-life and life insurance sectors. Home and host country regulations and other government actions during war and peace always affected the historical developments and thus are not neglected in this survey. The article provides sample statistics to demonstrate the significance of MNEs in insurance. Within this article, the author seeks to identify research done and that which is in progress on the path of MNEs in insurance; it concludes that this is a topic where there is still major research to be accomplished.

Suggested Citation

  • Mira Wilkins, 2009. "Multinational enterprise in insurance: An historical overview," Business History, Taylor & Francis Journals, vol. 51(3), pages 334-363.
    • Handle: RePEc:taf:bushst:v:51:y:2009:i:3:p:334-363
    DOI: 10.1080/00076790902871636
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    References listed on IDEAS

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    1. John H. Dunning & Sarianna M. Lundan, 2008. "Multinational Enterprises and the Global Economy, Second Edition," Books, Edward Elgar Publishing, number 3215.
    2. Cox, Howard, 2000. "The Global Cigarette: Origins and Evolution of British American Tobacco, 1880-1945," OUP Catalogue, Oxford University Press, number 9780198292210.
    3. Cassis,Youssef, 2006. "Capitals of Capital," Cambridge Books, Cambridge University Press, number 9780521845359, October.
    4. Hubert Bonin & Lorans Tanatar Baruh, 2008. "Introduction - Company Journals in Banks and Insurance Companies : History and Recent Development," Post-Print hal-00383552, HAL.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Bogle, David A. & Campbell, Gareth & Coyle, Christopher & Turner, John D., 2024. "Why did shareholder liability disappear?," Journal of Financial Economics, Elsevier, vol. 152(C).
    2. Lee, Chien-Chiang & Lee, Chi-Chuan & Chiu, Yi-Bin, 2013. "The link between life insurance activities and economic growth: Some new evidence," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 405-427.
    3. Ryan W. Tang & Ying Zhu & Hongbo Cai & Jinrong Han, 2021. "De-internationalization: A Thematic Review and the Directions Forward," Management International Review, Springer, vol. 61(3), pages 267-312, June.
    4. Pablo Gutiérrez González & Lars†Fredrik Andersson, 2018. "Managing financial constraints: undercapitalization and underwriting capacity in Spanish fire insurance," Economic History Review, Economic History Society, vol. 71(2), pages 567-592, May.
    5. Lee, Chi-Chuan & Lee, Chien-Chiang & Chiou, Yan-Yu, 2017. "Insurance activities, globalization, and economic growth: New methods, new evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 51(C), pages 155-170.
    6. Rammal, Hussain G. & Rose, Elizabeth L. & Ghauri, Pervez N. & Ørberg Jensen, Peter D. & Kipping, Matthias & Petersen, Bent & Scerri, Moira, 2022. "Economic nationalism and internationalization of services: Review and research agenda," Journal of World Business, Elsevier, vol. 57(3).
    7. Lee, Hui Shan & Cheng, Fan Fah & Chong, Shyue Chuan & Sia, Bik Kai, 2018. "Influence of Macroeconomics Factors and Legal Stability to the Insurance Growth in the ASEAN-5 Countries," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(2), pages 219-229.
    8. Bogle, David A. & Campbell, Gareth & Coyle, Christopher & Turner, John D., 2022. "Why did shareholder liability disappear?," QUCEH Working Paper Series 22-12, Queen's University Belfast, Queen's University Centre for Economic History.
    9. Walter B. Kielholz, 2021. "Connecting the world’s risk and insurance communities: why research-based dialogue is more important than ever," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(2), pages 281-292, April.

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