Insurance Teacher

The insurance contract is the most important element in an insurance company. It establishes the conditions under which the service will be performed and these conditions must respect each country’s laws and it states the premium which the insured person is willing to offer as well as the insurer’s performance.

If you travel in the past, you find out that the first methods concerning risks coverage emerged in the case of Babylonians, since the second millennium BC. The system which was then developed is extended in the Hammourabi Code.

If a trader borrows money in order to perform a transport, he must pay a supplementary sum to the lender. The loan has not been reimbursed if the merchandise has been stolen.

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