The Loss Book at Lloyds of London, 1890
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The Loss Book at Lloyds of London, 1890
Illustration showing the Loss Book at Lloyds of London, the insurance company, 1890
Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries
Media ID 4395821
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10221176
EDITORS COMMENTS
This evocative illustration offers a glimpse into the historic Loss Room at Lloyd's of London, the world-renowned insurance market, as it appeared in the late 19th century. Dated to 1890, the image captures the meticulous process by which insurance losses were recorded and managed during this era. The Loss Room, located in the heart of Lloyd's, was where underwriters and brokers would gather to assess and settle claims. The room was filled with large, leather-bound books like the one depicted in the illustration. Each book contained records of losses reported to Lloyd's, which were meticulously cataloged and indexed. The Loss Book shown here is open to the pages for October and December of the year 1890. The pages are filled with neatly written entries detailing losses due to various causes, such as fire, shipwreck, and theft. The importance of these records cannot be overstated, as they provided crucial data for underwriters to assess risk and set premiums. The illustration also reveals the atmospheric conditions of the Loss Room, with its dimly lit interior and ornate woodwork. The room's somber mood is further emphasized by the serious expressions of the men gathered around the table, intently studying the Loss Book and engaging in hushed conversations. This historical illustration offers a fascinating window into the past, revealing the intricacies of the insurance industry and the importance of record-keeping in managing risk. It is a testament to the enduring legacy of Lloyd's of London as a global leader in insurance and reinsurance.
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