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How did the Norwich Union, a life and general insurance company, come to see itself as a ‘local developer with people always at the centre of our planning’? This article explores how a small number of insurance companies, capitalising on their long history of property investment, used their investment funds, or ‘life funds’, to transform the built environment of UK in the twentieth century. In the...
Drawing upon the historical relationship between statistics, probabilistic reasoning and life insurance, the article argues that mathematical calculation played a necessary but limited role in making markets for life insurance. Insuring publics have been fairly consistently cautious in the use of probabilistic and statistical reasoning to inform investment in life insurance. In this they follow a...
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