History of insurance

Insurance has been around since time immemorial, although as yet known with kataasuransi, but the concept of insurance has been widely applied in areas of the economy in a country. From the excavation of human history and culture economy, since the time of BC found the origin history until the development of insurance today.

Insurance is highly developed, it is because human nature, which generally have the instinct is always trying to save his soul from various threats, including threats of food shortage / food.

In an ancient book from India that dinami "Rig Veda" written in Sanskrit language mention the history of the "Yoga Kshema" meaning coverage. History above is the proof that people always think about and prepare for his future life.

Perhaps history of insurance started around the year 2250 BC the Babylonians lived in the area Euphrat and Tigris river valleys (now a region of Iraq), at the time when a vessel owner need funding to operate the ship to conduct trade business, the owner of the vessel is to borrow money from a merchant (creditor) using the boat as collateral.

The loan agreement was made that the ship owners exempt from paying its debts if the vessel safely to destination, plus pay a sum of money received on the risk of lending received by the giving pinjaman.Tambahan these costs can be considered the same as "cash premium" which is known in insurance .