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The Swedish Financial Revolution and the Insurance Industry

In: The Swedish Financial Revolution

Author

Listed:
  • Mikael Lönnborg
  • Mikael Olsson

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.

Suggested Citation

  • Mikael Lönnborg & Mikael Olsson, 2010. "The Swedish Financial Revolution and the Insurance Industry," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Anders Ögren (ed.), The Swedish Financial Revolution, chapter 9, pages 145-169, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-29723-4_9
    DOI: 10.1057/9780230297234_9
    as

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