Article ID: CBB152445680

Die Hamburger Seeversicherung vom 17. bis zur Mitte des 19. Jahrhunderts (Hamburg’s marine insurance from the 17th to the middle of the 19th century) (2020)


Hamburg’s marine insurance from the 17th to the middle of the 19th century. In the eighteenth century, Hamburg emerged as the third-most important marine insurance market in North-West Europe, after Amsterdam and London, with an impact in the entire Baltic Sea area, but partially in ports along the Atlantic coast and in the Mediterranean as well. On the basis of selected examples this contribution outlines the long-term development of marine insurance rates and explains how and why it gradually became less and less expensive to insure ships and goods in maritime transport. At the same time, the paper examines the factors of pricing of the marine insurance rates, i. e. analyses the significance of different various risk factors. Finally, the importance of (marine) insurance as a central transaction cost of trade and (maritime) transport in pre-industrial times is made clear. It is explained, that the long-term minimalisation of the risks involved in the maritime traffic did start only after the Napoleonic Wars and the subjugation of the last pirates in the Atlantic and the Mediterranean, which, however, occurred long before the introduction of steam shipping and other innovations in maritime transport and international communication.

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Authors & Contributors
Wixforth, Harald
Alborn, Timothy L.
Horstman, Klasien
Curth, Louise
Ashworth, William J.
McCusker, John J.
Business History Review
Zeitschrift für Unternehmensgeschichte
Bulletin of the History of Medicine
History of the Human Sciences
Historia Mathematica
History of Meteorology
Cambridge University Press
Erasmus Publishing
Oxford University Press
Macmillan Reference
University of Maryland, College Park
Business history
Business and commerce
Risk assessment
Commerce, Maritime
Bowditch, Nathaniel
Time Periods
19th century
18th century
17th century
20th century, early
20th century
16th century
Great Britain
United States
Hamburg (Germany)
East India Company (English)

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