skip to primary navigationskip to content

Financial History Seminar: The Pricing Revolution in Marine Insurance, 1600-1824 by Adrian Leonard

When May 13, 2013
from 05:00 PM to 07:00 PM
Where Lucia Windsor Room, Newnham College
Contact Name
Add event to calendar vCal

The Pricing Revolution in Marine Insurance, 1600-1824 by Mr Adrian Leonard (Trinity Hall and CFH)

 The widespread adoption of marine insurance by merchants in international trade was the result of a revolution in the pricing of marine insurance in the seventeenth century. In London, marine insurance prices dropped by more than half, and in some cases 75%. The city soon became the leading insurance centre in the world, as a progressive increase in the number of trade voyages allowed the transformation of ‘uncertainty’ into ‘risk’, which allowed more accurate risk-based pricing. This paper is in three parts. The first discusses the theoretical transformation of uncertainty into risk. The second explores the reasons behind the fall in marine insurance prices, and London’s resulting success in this important sector of the international transportation business. The final, quantitative section examines the fall in prices from the sixteenth century to the eighteenth, drawing on a new, unique database.

« August 2017 »

RSS Feed Latest news

Best Student paper Award winners were announced on 16 June 2017

Jun 16, 2017

Winners of the 2016-2017 academic year competition were announced at the End of Term staff and student lunch, Cambridge Judge Business School

View all news

Upcoming events

Cambridge Finance Workshop - Hui Chen (Zurich)

Oct 12, 2017

Room TBA, Cambridge Judge Business School

Cambridge Finance Workshop - Matt Elliott

Oct 26, 2017

Room W4.03, Cambridge Judge Business School

Previous events

Upcoming events