THE APPEARANCE OF THE INSURANCE ACTIVITY

THE APPEARANCE OF THE INSURANCE ACTIVITY

The emergence of insurance is related to the need for people to help each other in the event of ever-increasing damage, and reinsurance to support each other those who manage the funds and insurance activities. In other words, it is about taking the damage. - it could destroy forever ... Only then could I be satisfied, because the insurance protects the family in case of a misfortune and irreparable damages ... ”

Winston Churchill

We can say, in a way, that insurance appeared with the advent of human society. We are aware of two types of savings that have characterized society over time: foreign exchange savings (made with appropriate elements: foreign exchange markets, money, various financial instruments) and natural economies, in the absence of these elements, they date back a long time. older than the first.

In such a natural economy, we can look at the concept of insurance as a form of help between individuals in society. For example, if a house suffers a devastating fire, members of that community will help build the house together; otherwise, they will not receive help in the future. This type of insurance has survived to the present day in regions where modern exchange economies have penetrated only superficially (for example, in some countries of the former Soviet Union).