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The Age of the Friendly Societies: Mutual Insurance in the Nineteenth Century

In: Mutual Insurance 1550-2015

Author

Listed:
  • Marco H. D. Leeuwen

    (Utrecht University)

Abstract

The end of the guilds marked the beginning of mutual insurance on a voluntary basis through Friendly Societies. These grew enormously in scope of coverage, until, around 1900, the majority of the population were insured for the costs of burial. Almost all other forms of micro-insurance, too, increased in scope. The nineteenth century saw the rise of commercial insurers as well as insurance provided by doctors, factory funds, and local trade unions. Their terms and conditions are discussed, including those relating to classic insurance issues. We discuss the place of micro-insurance in the worlds of the artisan and the working classes, including issues of sociability, and the place of micro-insurance in the political climate of laissez-faire and social liberalism as well as socialism, and, finally, its place in the mixed economy of welfare.

Suggested Citation

  • Marco H. D. Leeuwen, 2016. "The Age of the Friendly Societies: Mutual Insurance in the Nineteenth Century," Palgrave Studies in the History of Finance, in: Mutual Insurance 1550-2015, chapter 3, pages 83-165, Palgrave Macmillan.
  • Handle: RePEc:pal:psitcp:978-1-137-53110-0_3
    DOI: 10.1057/978-1-137-53110-0_3
    as

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