In the following article we shall be tracing the international socio-economic influences, particularly those specific to Trieste, which laid the foundations for the development of Bronzin’s work on premium contracts. The educational system played a central role in institutionalizing certain concepts and ideas. Most notably, there was a change of paradigm in the teaching methodology for mathematics education that was the outcome of a national and international collaborative effort, which culminated in a campaign for improved education. However, significant differences existed not only with regard to how training objectives in teaching were to be implemented, but also with regard to the possibilities for integrating research results into the subject matter — such as, for example, probability theory.