Insurance beginning in the world.
Insurance concept in the world started around year 2250 BC.By the Babylonians who lived in the valley of the river Euphrates and Tigris.
At that time, if a shipowner requires funding to operate its ships to conduct a trading business, they can borrow money from a rich merchant ship .... by using them as collateral.In this transaction there is an agreement mutually agreed.
Insurance concept in the world started around year 2250 BC.By the Babylonians who lived in the valley of the river Euphrates and Tigris.
At that time, if a shipowner requires funding to operate its ships to conduct a trading business, they can borrow money from a rich merchant ship .... by using them as collateral.In this transaction there is an agreement mutually agreed.