© apuking (CC BY-SA)
© apuking (CC BY-SA)
Token - Union des Ports maritime insurance company Paris ND
| Silver | 19.5 g | 34 mm |
| Location | France |
|---|---|
| Type | Attendance tokens › Bank and insurance company shareholder tokens |
| Years | 1836-1860 |
| Composition | Silver |
| Weight | 19.5 g |
| Diameter | 34 mm |
| Shape | Octagonal (8-sided) |
| Technique | Milled |
| Orientation | Medal alignment ↑↑ |
| Demonetized | Yes |
| Updated | 2024-11-13 |
| Numista | N#87450 |
|---|---|
| Rarity index | 97% |
Reverse
An anchor, crests and a barrel in front of a palm tree. In the background to the left a sail ship and to the right a lighthouse.
Script: Latin
Lettering:
UNION DES PORTS
COMPAGNIE D'ASSURANCES MARITIMES
PARIS
Edge
Plain
Comment
Gailhouste# 756Under the Ancien Régime, insurance was primarily maritime. It was a contract by which a private individual undertook to make good any losses resulting from a shipwreck, in return for a certain sum paid in advance. In 18th-century Bordeaux, for example, marine insurance was concentrated in the hands of a few major shipowners, such as François Bonnaffé. An ordinance issued in 1681 allowed the greatest possible freedom in the relationship between insurers and policyholders, resulting in a proliferation of players in the market. Again in Bordeaux, companies from Paris, the Netherlands and England began to appear...
Non-maritime insurance was a latecomer to the market (mid-18th century). In most cases, they offered coverage against fire. For example, in 1753, the Compagnie d'Assurances Générales was granted a privilege by Louis XV to guarantee maritime trade and insure houses against fire.
The 19th century saw the emergence of innumerable companies, often specialized in highly specialized sectors, which helped to develop the economy by pooling risks. They were complemented by mutual associations and mutual aid societies.
