The Fascinating History of Insurance: From Ancient Babylon to Modern-Day Companies

Описание к видео The Fascinating History of Insurance: From Ancient Babylon to Modern-Day Companies

Do you have insurance? Whether it's for your car, your home, your health, or your life, insurance is an integral part of our modern lives. But have you ever wondered how insurance came to be? In this video, we explore the surprising origins of insurance, from the Babylonians' system of loans to the medieval guilds' mutual aid networks and the first modern insurance companies. We also discuss how insurance has played a crucial role in promoting economic development and enabling individuals and businesses to take on risky ventures and investments. Join us on a journey through time to discover how risk management has shaped our world.

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