Sources of documentation offer us as well other aspects from the insurance history, thus the oldest mutual associations were founded in the 12th century in Island. There was a mutual association for each household covering according to mutuality principle damages covered by animals. To continue with, the first sea insurance operations were performed in […]
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In Ancient Rome people founded an association to help families when one of their members died. They founded it according to rules created by them and it supposed an entrance contribution and periodical payment. The members of the association were sure they would own a funeral pyre and a tomb when they died.
Some forms […]
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Insurance emerged out of man’s need to feel protected against dangers and in order to find the proper solutions to eliminate them. The oldest forms of insurance have their origins in ancient times and they are about 6500 years old. Stone craftsmen in Lower Egypt founded a mutual help fund, previously formed, through everybody’s […]
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