Principles and Practices of Mutual Insurance, 1550–2015

Marco H. D. Leeuwen
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Marco H. D. Leeuwen: Utrecht University

Chapter 6 in Mutual Insurance 1550-2015, 2016, pp 247-279 from Palgrave Macmillan

Abstract: Abstract This chapter summarizes the track record of mutual insurance from 1550 to the present. We ask: How did micro-insurance work? Why did it work? Under what conditions can it still work today? In answering these questions we consider issues of continuity and discontinuity over the centuries, determinants and preconditions of mutual insurance, past and present, as well as the consequences for those covered and for society at large. We argue that it is wasteful to allow the tradition of mutualism to be lost without adequate recognition of its past importance (flaws included), careful consideration of its present performance (even if limited), and an imaginative assessment of what we might make of it today, and in the future.

Keywords: Trade Union; Moral Hazard; Adverse Selection; Unemployment Insurance; Sickness Fund (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-1-137-53110-0_6

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DOI: 10.1057/978-1-137-53110-0_6

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