As we all know, shipwrecks are inevitable in maritime transportation. For example, when a ship is in danger, the crew will throw away some goods to ensure the safety of people. When the ship arrives at the destination safely, the loss of the goods is shared by all, which is actually the bud of marine insurance.
The predecessor of insurance company
All kinds of insurance companies we see today actually originated from shipping. In the process of maritime transportation, they are likely to encounter shipwreck. To ensure the safety of the crew, the crew will throw away some goods to ensure that they can come back safely. After returning, these losses will be borne by everyone. Britain attaches great importance to marine insurance, so it established the marine insurance trading market very early and further improved it. The behavior of Britain has actively promoted the development of the insurance industry, and its influence is growing, gradually developing into various types of insurance.
Insurance industry development
Marine insurance is the earliest of all insurances, and it also includes life insurance. Because in the process of maritime transportation. Slaves used to be transported as goods, and they can get financial compensation in case of accidents. Later, the crew can get financial compensation for accidents, which is actually the embryonic form of life insurance.
The development of marine insurance has promoted the development of the whole insurance industry. 1967, 1 fire insurance company-hanbao fire insurance bureau was established. The insurance industry is developing rapidly and its business is becoming more and more comprehensive.
1 When was the insurance company established in the world? What's your name?
If you want to say 1 insurance company, the Royal Exchange established in London, England should be regarded as the earliest insurance company. But also from the development of maritime transportation. Today's insurance industry is very mature and spread all over the world, and it is still growing.