A comprehensive chronicle of thetransformation of the intensely competitive British insurance industry in response to evolving economic, social, technological and political conditions. It analyzes the fast-changing shape of the distribution system, the role of the state and the shifting boundaries of insurability and risk transfer.

ROBERT L CARTER OBE is Emeritus Professor of Insurance Studies at the University of Nottingham, UK. He has acted as a consultant for the Association of British Insurers, LAUTRO, the World Bank, OECD and others. PETER FALUSH is a consultant economist, with 40 years experience in the insurance industry and elsewhere. He worked as a consultant for the Association of British Insurers and the OECD and as a financial journalist.