Description
Under the Ancien Régime, insurance was primarily maritime. It was a contract by which an individual agreed to repair losses related to a shipwreck, in exchange for a certain sum paid in advance. For example, in 18th-century Bordeaux, marine insurance was concentrated in the hands of a few large shipowners such as François Bonnaffé. A 1681 ordinance allowed the greatest freedom in the relationships between insurers and policyholders, hence the proliferation of players on the market. Also in Bordeaux, Parisian, Dutch, and English companies began to intervene.
Non-marine insurance became established late (mid-18th century). It most often offered fire insurance. For example, the general insurance company obtained the privilege of Louis XV in 1753 to guarantee maritime trade and to insure houses against fire.
The 19th century saw the emergence of countless companies, often specializing in highly specialized sectors, which enabled the development of the economy through risk pooling. These companies were complemented by mutual aid and mutual benefit associations.
Obverse
Obverse legend: DIEU SAUVE TOUT (GOD SAVES ALL).
Obverse description: A stone bridge over which a stagecoach passes, under a bright sun; below, a boat loaded with goods. In the background, a ship and a high lighthouse. Signed EUGENE DUBOIS F.
Reverse
Reverse title: REUNION DES ASSUREURS PARTICULIERS DE PARIS – 1830 (MEETING OF PRIVATE INSURERS OF PARIS – 1830).
Reverse description: Five-line inscription within an oak wreath.
Comment
Collectible re-strike No. 180/500 made by the Monnaie de Paris with the original dies.
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