Insurance, in law and economics, a form of risk management is primarily a protection against the risk of accidental loss is used to. Insurance similar to the risk of damage in the form of a transfer to another company, in exchange for a premium, and has been defined as a small security to prevent a big loss to the thought of may be, the potential devastating loss. The insurance company's sale of an insurance company then buys insurance that insurance is a natural or legal person. Type of insurance of insurance companies to spend a certain amount of numbers to determine a factor, called the premium. Risk management, risk assessment and control of practice, from a field of study and practice have proved.

We know that in some sense, insurance as well as with the presence of human society appears to be saying. Human society and economy, we know of two types: market economy, money, money, financial instruments, etc.) (, And no money or natural money economy, the market (financial resources, etc.) Without with. Other compared to the first one is as big. In a globalized economy and society, we help each other in the form of insurance can see. For example, if a house burns, a new building in a member of this community. If the same happens with the neighbors , other neighbors to help. Otherwise, the neighbors in the future will not receive any support. this type of insurance in some countries from the left (for example, no comprehensive where the financial instruments with a modern money economy, in the countries of the former Soviet Union).

For insurance in the modern sense as (in which insurance is part of a modern financial sector in the economy), by Chinese and Babylonian traders 3. Already in the practice of transferring or distributing risk insurance money quick ways and means Millennium BC 2, and [8]. Ship their products in several Chinese businessmen to redistribute travel treacherous river rapids are on the same vessel capsizing. The famous Babylonian Code of Hammurabi, 1750 BC, in C And the beginning of sailing in the Mediterranean Sea from the businessmen had a system has been developed. If a businessman a loan move your lender to cancel the shipment of the credit guarantee for loans in foreign currency to pay an additional amount for the theft of Finance should be.

Achaemenid king of ancient Persia, its people and government of registration, public notary offices to ensure to ensure the first. Norouz tradition has been in insurance every year of the Iranian new year (beginning), the heads of the various ethnic groups and others to participate in, a gift to the king. The most important gift was presented at a special ceremony. When I gift more than a 10.000 Derrik (Achaemenid gold coin) was the price, the issue was raised in a specific office. The one advantage is that these special gifts for people. For others, gifts and more for the confidence of the court are doing. Special assessment was in the back offices.

The purpose of registration is that the court of the person in trouble is a gift every time, and the king's court to help him. Jahez, historian and writer, one of his books on ancient Iran is written in: "[W] Henever these operators are in trouble or a building, want to see is a party, the marriage of their children, etc. In this court in a confirmation information. If the amount registered at 10.000 Derrik, that twice as much money to get. "[1]

Thousand years later, the inhabitants of Rhodes "The concept of" average invented. That the material goods which proportionally during storm or sinkage traders were returning to pay a premium is divided, payment has been made to the United Traders,.

The Greek and Rome's health and life insurance c. AD 600, when he started the original guilds "for the families who care for the funeral and members paid a liberal societies to death" called organized. Guilds in the Middle Ages served a similar purpose. Material with many aspects of insurance Talmud deals. Before insurance was established in late 17. Century, "Friendly Society", England, in which people believe that an emergency can be used for a donation in the amount of money.

Separate insurance contract (such as credit insurance or other type of contract) in Genoa in the 14th century is not bundled, as well as by pledges of landed property insurance pool. These new insurance contracts insurance a separation of roles that first proved useful in marine insurance investment, apart from being allowed. Insurance is more complicated in the post Renaissance Europe, and the development of special varieties.

Towards the end of the seventeenth century, a center for business in London's growing importance as the demand for marine insurance has increased. In the late 1680s, Edward Lloyd, a cafeteria, the shipowners, merchants and ship captains of the meeting place, and the delivery of news has become a reliable source. The parties for goods and utensils to safe place, and became like to take this initiative are ready. Today, Lloyd's of London chief market (note that this is not an insurance) and other specific types of marine insurance is for, but it's much more familiar with different types of insurance works.

Insurance as we know it today in London, in 1666 devoured 13,200 houses, which comes from the great fire. After this disaster, Nicholas Barbon opened an office for the building. Frame and brick house in 1680 for England's first fire insurance company, "the bureau of fire."

United States of America in the first fire insurance company to secure a signed and was in Charles Town (now Charleston), South Carolina, in 1732. Benjamin Franklin and the standard practice of insurance, particularly against fire in the form of continuous insurance helped to popularize. In 1752 with the loss of fire insurance for homes in Philadelphia Contributionship established. Franklin fire prevention to contribute to provide the company was the first. Not only with him warned against the dangers of fire, ensure the buildings, where fire risk is too great, refused to all in the form of wooden houses. In the United States, Balkanized is, with the responsibility to regulate the insurance industry, state insurance departments. While the insurance market, both national and international levels is central, individual state insurance commissioners, however, the organization conducted a national insurance commissioners association through time. In recent years, some (usually the optional federal charter (OFC)) in the form of insurance, the state's supervision of banks and national banks similar to known for a dual system of federal and regulatory .

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