Findings from Leiden University Yields New Data on Investment (Private Insurance, Public Welfare, and Financial Markets: Alpine and Maritime Countries In Comparative-historical Perspective): Investment

2023 MAY 17 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Investigators discuss new findings in Investment. According to news reporting out of Leiden, Netherlands, by NewsRx editors, research stated, “Contemporary capitalist societies use different institutions to manage economic risks. While different public welfare state and financial institutions (banks, capital markets) have been studied across coordinated and liberal market economies, the different worlds of private insurance institutions have been understudied.”

Our news journalists obtained a quote from the research from Leiden University, “Building on new insurance data sets (1880-2017), we find that countries with a Maritime (USA, GBR, CAN) in contrast to the more backward Alpine (AUT, DEU, CHE) insurance tradition developed bigger life and nonlife insurance earlier, with less state-associated and reinsurance enterprises, but riskier investments steered toward financial markets. We argue that the larger and more ‘Maritime’ the insurance sector, the more it made welfare states liberal and securities markets large. Insurance is thus a hidden factor for countries’ varieties of capitalism and worlds of welfare.”

According to the news editors, the research concluded: “The recent convergence on the Maritime model, however, implies that the riskier and risk-individualizing type of private insurance has added to privatization and securitization trends everywhere.”

This research has been peer-reviewed.

For more information on this research see: Private Insurance, Public Welfare, and Financial Markets: Alpine and Maritime Countries In Comparative-historical Perspective. Politics & Society, 2023:003232922311614. Politics & Society can be contacted at: Sage Publications Inc, 2455 Teller Rd, Thousand Oaks, CA 91320, USA.

Our news journalists report that additional information may be obtained by contacting Arjen van der Heide, Leiden University, Leiden, Netherlands.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1177/00323292231161445. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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