Full resolution (JPEG) - On this page / på denna sida - XI. Banking, Credit, and Insurance - 5. Insurance. By S. Palme
<< prev. page << föreg. sida << >> nästa sida >> next page >>
Below is the raw OCR text
from the above scanned image.
Do you see an error? Proofread the page now!
Här nedan syns maskintolkade texten från faksimilbilden ovan.
Ser du något fel? Korrekturläs sidan nu!
This page has never been proofread. / Denna sida har aldrig korrekturlästs.
688 xi. banking, credit, and insurance.
Insurances taken fi-rnss Premiums Compensations
Companies Insurances taken Orross for re_ by
gross reinsurance Premiums insurance gross reinsurers
Swedish joint-stock-
companies . . . . 2116 081396 870 635 536 17 202 451 8 318 081 15 019 810 8164,162
Swedish mutual
companies . . . . . 174 873 600 78 056158 7 077 636 2 753 558 5 091141 2 237 799
Total 2 290 954 996 948 691694 24 280 090 11 101639 20110 951 10 401961
Foreign companies . 66 242193 – 203 487 112 993 102 780 62 975
Total 2 357197189 948 691694 24 483 577 11214 632 20 213 731 10464936
Registration and insurance of letters and other postal packets is the only
form of insurance that has hitherto been transacted by the State.
Fire Insurance. The regulations of the Swedish landskapslagar
(Shire Laws) of the 13th and 14th centuries, which obliged the
inhabitants of the same härad (hundred) to mutual support in the event of
damage by fire were doubtless founded on a very ancient practice. These
regulations were afterwards, with certain modifications, introduced
into the general laws affecting the whole of Sweden, and may be
designated as legal provisions for obligatory mutual fire insurance; especially
since it had been enacted in "Huses Ordningen" of 1681 — that the
amount of the fire indemnity (brandstod) should be determined
"according to the damage that had accrued". The indemnity prescribed by the
law applied, however, at first only to buildings; from the end of the
sixties of the seventeenth century it was extended also to corn, fodder and
cattle, but only to "what was required thereof for the needs of the farm":
it did not apply to other movables and household utensils. It was not
till the nineteenth century that the compulsory härad fire insurance was
transformed into small mutual fire indemnity companies
(brandstodsbolag) based on voluntary principles, and retaining the right to have the
indemnity fees collected along with the taxes to the Crown. But as early
as 1688 was formed the first Swedish fire insurance society, intended for
persons from at least one län and comprising also the insurance of goods
and catties.
The first fire insurance institution in Stockholm — the Stockholms
Städs Brandförsäkringskontor (the City of Stockholm Fire Insurance
Office), a kind of corporate but independent mutual society — had its
first statutes sanctioned on the 18th Miarch 1746. The oldest fire
insurance joint stock company in Sweden is Skandia, which is likewise the
oldest of the Swedish life insurance companies; its first articles of
association received Government sanction on the 12th January 1855. In 1912
there were operating besides Skandia two Swedish joint stock insurance
companies, notably Svea (Gothenburg: since 1866) and Skåne (since 1884),
which transact both fire and life insurance business, one, Fenix (1889),
which carries on solely Fire Insurance, two, Norrland (1890) and Victoria
(1899), which, besides fire insurance business, transacts also burglary and
glass insurance; Norrland also transacts travellers’ luggage and fidelity
<< prev. page << föreg. sida << >> nästa sida >> next page >>
