Zwischen Globalisierung und Protektionismus - Die internationale Versicherungswirtschaft vor dem Ersten Weltkrieg

Before World War I the modern insurance industry had spread out across the globe from Europe going hand in hand with the extension of world trade. This expansion was accompanied by the transfer of European institutions as well as the standardization of contract conditions, legal maxims and legal contents.The rivalry between European and North American enterprises led to a harmonization of insurance technology and insurance products whilst a rise in governmental insurance supervisory offices affected a standardization of corporate management principles.In contrast to largely increased cross-border interactions protectionistic counter-forces arose at the end of the 19th century. They caused a temporary setback to globalization in some parts of the world, however, in the long run they laid the cornerstone for an advanced globalization process.