The Origin Of The Mutual Insurance In England

Mutual insurance institution is the commercial insurance which is adopted between the members of mutual assistance,all members are to respond to risks insured.The mutual insurance institution appeared in the seventeenth Century.Typical case of this particular period of the insurance system is Friendly Society for Securing Houses from any Considerable Loss by Fire of London(hereinafter referred to as the"London friendly society").The Friendly Society existed between 1683 and 1700.Generally speaking,the Friendly Society for Securing Houses from any Considerable Loss by Fire of London is Britain's oldest mutual insurance organization.The mutual insurance institution has the characteristics which are not held in shareholding insurance organization,it can reflect the risk attitude of the residents,living conditions and so on.Mutual insurance institution in early modem times not only had the characteristics of medieval guild mutual nature,also had modern commercial characteristics,this two kinds of characteristics highlighted the characteristics of the slow progress of the modernization of the British system.At present,although the international academic community has already paid close attention to this problem,but the domestic academic research is still relatively weak.Through the research on the institutions of the Friendly Society,it can reflected the mutual insurance system characteristics of the early stage,it can also deepen people's understanding of the economic and social transformation of modern Britain.Full text in addition to the introduction and conclusion,the main part is divided into five chapters.The first chapter describes the creation of the Friendly Society:its background and the process of its establishment.1666 London fire is one of the important historical opportunity,inspired the early mutual insurance concept,promote the establishment of the first mutual insurance organization in modern times.The Second chapter,the third chapter and the forth chapter specifically analysis the mutual assistance mechanism of subjects,financial mechanism,social participation status and competition situation of similar industry from three aspects.The last chapter which give the appraising to the Friendly Society,points out the defects of the early mutual insurance system and the contribution of the innovation.Finally is the conclusion part,summarizes the full text,and combined with China's relevant issues to try to make a comparative reflection.