Info about Insurance
More details about insurance history
These days, the insurance is a way of protecting ourselves and our families for future risks. Of course that in some countries, some insurances are binding (for example the auto insurance). But it would be interesting to think when the idea of an insurance contract first appeared, and where, because it means that it was a first sign that the people thought also about their future. At the beginning, the insurance was nothing else the some neighbors helping each other when one of them had suffered a loss, for example his house burst into flames. Then the neighbors will help him to make a new one because they want that if the same thing happens to them too, they will also receive help.
But the history tells that in Ancient Persia the insurance process first started. Each year, when the Iranian year began, the population used come and give gifts to the monarchy. Some of them were more special or luxurious, so that a special ceremonz was made for them. If someone presented with a gift with a bigger value than a particular one, in sign of recognition, he was written in a special office. Even if the times passed, if the certain person had a probles, the court would help him because the person helped first the court. Also some people from Rhodes were the one that invented the first ship or goods insurance.
But the life insurance was first developed in the time of the Roman Empire. A certain group was created that requested that each of his members give an amount of money. When one of the members passes away, the group will take care of his family, providing them all that they need. Then, there are some evidences that in the modern times, in the 17th century, in England some small groups decided to raise some money together, so that in case of any emergency, they would have them. When a big fire burned many houses from London, they decided that they must insure their properties, so that the 'Insurance Office for Houses' was created. In the 18th centurz was created also the first insurance companz in the United States of America. They have the same principles today company have, for example they don't accept to insure a house that has a great risk of fire, so that the owners had to make certain actions to prevent the fire.