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What is Modern Insurance: Concepts and History about?

1. Insurance is a method of spreading risk over a number of individuals to protect owners from risks associated with ventures. It involves an insurer taking on risk for a premium paid by the insured. 2. The concept of insurance has existed for thousands of years in various forms. Early examples include ancient Babylonian traders protecting cargo and Roman burial clubs. Modern insurance developed in 17th century England through Lloyd

Author

Ms Rawat

Language

EN