Page 13 - M1_Insurance Introduction Notes
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South East Asia, and it grew to a gateway for many
insurance companies on their way to the Dutch East
Indies. In the late 1880s, a Singapore based trading
company, which had served as an agency for
Liverpool’s Royal Insurance since 1860, set up the first
rubber plantations on the Malay Peninsula. This kind of
combined business approach had entrepreneurs or
agencies provide insurance to their own and others’
businesses.
In Latin America, insurance was imported on a
large scale by European immigrants. The British
companies concentrated on trade-related risks while
immigrants spread insurance to a larger population.
The spread of personal insurance was mainly a
consequence of the massive migration from Europe
that took place in the 19th and early 20th centuries.
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