Edited By André Straus and Leonardo Caruana de las Cagigas
Despite being one of the main pillars of the insurance industry, reinsurance is little known by the general public and is rarely the focus of academic study. In this book, the authors – economic historians and experts in the field from across Europe and Japan – seek to address this by shedding light on one of the most globalized of all economic activities. In a clear and engaging manner, they reveal the history of reinsurance in both national and international contexts, aiming to illuminate this vital, but often overlooked, aspect of insurance.
The Impact of Reinsurance upon Marine and Fire Insurance Markets in Japan, 1890-1923 (Takau Yoneyama)
The Impact of Reinsurance upon Marine and Fire Insurance Markets in Japan, 1890-1923
How the First Mover Did Build its Organizational Capabilities by Making Use of Reinsurance Network?
Introduction and aim of this chapter
In the early stage of marine insurance market in Japan, reinsurance market was important for strengthen its competitiveness of marine insurers. In the 1880s no significant fire insurance companies had been in Japan, partly because of just before the industrialization and partly because of the pre-urbanization period. So the presence of marine insurance stood out in insurance market before 1900.
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