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fme_884020 - INSURANCES Médaille, Société de secours mutuels

INSURANCES Médaille, Société de secours mutuels AU
25.00 €(Approx. 29.75$ | 21.75£)
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Type : Médaille, Société de secours mutuels
Date: n.d.
Metal : bronze
Diameter : 61 mm
Orientation dies : 12 h.
Engraver ROTY Louis Oscar (1846-1911)
Weight : 1,85 g.
Edge : lisse + corne BR
Puncheon : corne BR
Rarity : R2
Coments on the condition:
Patine hétérogène, présentant des taches d’oxydation. Petite usure. Présence de quelques rayures
Catalogue references :
Predigree :
Collection Jean-Paul Saillard

Obverse


Obverse legend : SOCIETES DE SECOVRS MVTVELS.
Obverse description : La République donnant un parchemin à deux personnages. Signé : O. ROTY.

Reverse


Reverse legend : .MINISTERE DU TRAVAIL ET DE LA PREVOYANCE SOCIALE // REPUBLIQUE / FRANCAISE.
Reverse description : Légende circulaire, cartouche au centre.

Commentary


Diamètre de la médaille (sans la couronne de lauriers) : 12 mm
Médaille non décernée.
Diameter of the medal (without the laurel wreath): 12 mm Medal not awarded

Historical background


INSURANCES

Under the Old Regime, insurance was above all maritime. It is a contract by which an individual undertakes to repair the losses linked to a shipwreck, for a certain sum which is paid to him in advance.. Thus, for example, we see that in the 18th century, in Bordeaux, maritime insurance was concentrated in the hands of a few large shipowners such as François Bonnaffé. An order of 1681 leaves the greatest freedom in the relationship between insurers and insured, hence the multiplication of players on the market. Still in Bordeaux, we then see the intervention of Parisian, Dutch and English companies. . . Non-maritime insurance became popular late (middle of the 18th century). They most often offer a guarantee against fire. Example: the general insurance company obtained the privilege of Louis XV in 1753 for the guarantee of maritime trade and to insure houses against fire. In the 19th century, we witness the emergence of countless companies, often specialized in very specific sectors, which will allow the development of the economy by pooling risks.. They are complemented by mutual associations and mutual aid.

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