ROBERT L CARTER OBE is Emeritus Professor of Insurance Studies at the University of Nottingham, UK. He has acted as a consultant for the Association of British Insurers, LAUTRO, the World Bank, OECD and others.

PETER FALUSH is a consultant economist, with 40 years experience in the insurance industry and elsewhere. He worked as a consultant for the Association of British Insurers and the OECD and as a financial journalist.

PART I: FIRST HALF OF CENTURY From the End of the Victorian Era to 1914 World War 1 The Interwar Years World War 2 PART II: LINES OF BUSINESS From Austerity to Prosperity Life Insurance Commercial Insurances Reinsurance Risk Management Lloyd's of London International Business& Europe PART III: MARKET INFRASTUCTURE Competition& Mergers Trade Associations& Other Bodies Insurance Distribution Channels Insurance Regulation Looking Ahead Time-line Bibliography Notes Index

A comprehensive chronicle of thetransformation of the intensely competitive British insurance industry in response to evolving economic, social, technological and political conditions. It analyzes the fast-changing shape of the distribution system, the role of the state and the shifting boundaries of insurability and risk transfer.