How was the first insurance company established in the world?

If it is worldwide, what I read in a book is "1720, the British Parliament passed legislation to franchise London Insurance Company and Royal Exchange Insurance Company as legal entities to operate marine insurance business." These should be regarded as the first two.

If it is within the scope of China, in 1805, British businessman Magnik set up "Guangzhou Insurance Company" in Guangzhou, which was the first insurance company in China history.

18751875 On February 28th, with the approval of Li Hongzhang, Tang, and set up an "Insurance Merchants Bureau" in Yong 'an Street, which is the first national insurance company in China.

After the founding of New China, the first insurance company established in China was China People's Insurance Company. China People's Insurance Company was established on1October 20th atNo. 1008, Xijiaomin Lane, Beijing.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.