Risk Management

Explore how Britain's stable environment led to an obsession with insurance, from maritime trade to actuarial science.

Actuarial science has been the backbone of insurance since its inception, providing a mathematical framework to predict risks and calculate premiums.

Explore the history of institutional investors from 18th century insurance companies to modern global players dominating financial markets.

Discover how Scottish clergymen Alexander Webster and Robert Wallace pioneered life insurance in Scotland, influenced by Enlightenment and Calvinist Reformation.

Learn about the crucial development of actuarial mathematics that led to modern life insurance, exploring its history, key figures, and impact on society.

Learn about the emergence of a dedicated insurance market in 17th-century London, shaped by key events and institutions such as the Great Fire of 1666 and Lloyd's coffee house.

Explore the evolution of insurance from 14th-century Italy to its impact on modern commerce, discussing key figures, mechanisms, and processes that shaped this crucial aspect of business.

Discover the pioneering story behind the origins of insurance in Scotland, where two Presbyterian ministers devised a system to mitigate risks among community members.

Understanding the impact of uncertainty on individuals and societies through historical context and case studies.

Explore the evolution of risk management from ancient civilizations to modern societies, highlighting key figures, concepts, and historical events that have shaped our understanding of uncertainty.

Nathan Rothschild adapted business strategy after Battle of Waterloo, building family fortune through diversification and risk management.

The 14th century saw the rise and fall of medieval finance, with moneylenders like Bardi and Peruzzi dominating Italian commerce before facing defaults and collapse.