Title: An Essay Towards Illustrating the Science of Insurance Classic Reprint
Publisher: Forgotten Books
Publication Date: 2019
Language: English
ISBN 10: 065653575X
ISBN 13: 9780656535750
Binding: HRD
Condition: New
Weight: 319 grams

About this title

Synopsis

Examine how insurance works—and who really benefits.

This historical treatise analyzes the economics of insurance, showing how premiums, risk, and profits interact for merchants, insurers, and the public.

Through a series of problems and practical examples, it explains how premiums are set, what counts as a fair charge, and how the insured might recover costs after a loss. The text also questions whether insurance serves the nation as a whole, not just private traders, and it considers the incentives that insurers create for or against the public good.

Clear explanations of premium, risk, and the distribution of costs between insured and insurer.
Step‑by‑step problems that illustrate how sums to be insured are calculated to recoup costs after a loss.
Discussion of the broader effects of insurance on trade, national wealth, and public policy.
Critical perspective on whether private profitability aligns with public interest.

Ideal for readers interested in the history of insurance theory, economic policy, and the social effects of risk management.

"About this title" may belong to another edition of this title.

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