From Shipwrecks to Safety Nets: The Origin of Insurance
Insurance did not begin in a boardroom. It began with fear. Fear of losing a ship.Fear of fire destroying a home.Fear of a family starving after the death of the breadwinner. And human beings eventually realized something powerful: “One person alone may be ruined by disaster. But if many people share the risk together, nobody has to be destroyed.” That simple idea became insurance. The…













