london insurance group

london insurance group
Insurance. What would we do without it? Though it seems impossible, there was a time when insurance on anything did not even exist. Unfortunately, the early beginnings of insurance are unclear. Over the centuries there have been key writings uncovered that give us some ideas of it's beginning s. But as to an actual moment in time when the first item was insured, no one really knows.

There are theories that the insurance goes back to the early days of the Babylonian traders around the 2nd Millennium BC. They created a system that was in the famous Code of Hammurabi around 1750 BC. This system was the beginning of the Mediterranean sailing merchants. If a dealer a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender to guarantee to cancel the loan should the shipment be stolen.

As the company itself, the first recognizable form of insurance in the UK started in the 1666th This was in response to the "great fire of London." "Because of this fire incident was a growing concern in England. Another big problem in England during the period because of the transportation insurance England's position in the world of sea trade. Some of the early period of the insurance companies were the Sun Fire Office, Royal Exchange Assurance and hand in hand.

As already mentioned, there were some early writings, the first insurance companies and insurance companies. Below you will find a number of these writings.

Of 1680 following note was found. "Mr. Newbold, London and the improvement of the Builders' Safety claims that of the obvious benefits to their Easie fee for the purchase of such stock as May provide a re-construction of these houses that are destroyed by the hereinafter victims of the fire. "" This memo appears to point to the beginnings of fire insurance. There were many other messages during the same period, from 1680 to 1700 in connection with fire insurance companies.

In 1697 writings found at the beginnings of an insurance company to insure the welfare of widows and orphans. This appears to be the early beginnings of life insurance. In the period 1697 to 1762 were many other memos in connection with the development of life insurance. Some of the early well-known companies are the company for a fair insurance, The Perpetual Assurance Office and the society Hampshire. It was not until about 1850, that the first evidence for a life actuary tables found.

The first proof of insurance for entrepreneurs was found memos go back to the year 1601. Many different types of companies were included in this memo as small businessmen, mining and shipbuilding businesses. Evidence also shows that the British have an insurance for their enemies' ships for the purposes of collecting on them after they were destroyed by the British Navy.

In the next article we discuss the various types of insurance that you can buy today.


-------------------------------------------------- -----
Michael Russell
Your independent guide to insurance
-------------------------------------------------- -----