Free
BBC World Service

Insurance

Listen in app
Legally and culturally, there’s a clear distinction between gambling and insurance. Economically, the difference is not so easy to see. Both the gambler and the insurer agree that money will change hands depending on what transpires in some unknowable future. Today the biggest insurance market of all – financial derivatives – blurs the line between insuring and gambling more than ever. Tim Harford tells the story of insurance; an idea as old as gambling but one which is fundamental to the way the modern economy works.

Producer: Ben Crighton

Editors: Richard Knight and Richard Vadon

(Image: Lloyds Coffeehouse, Credit: Getty Images)
0:10:03

Impressions

How did you like the book?

Sign in or Register

Open the app & listen

Bookmate now offers audiobooks! We have stacks for you to listen to, but right now you can only do that on your phone or tablet via our apps.

Insurance
1x4:20-2:20:15
fb2epub
Drag & drop your files (not more than 5 at once)