Last Updated on April 26, 2021
If you don’t know enough about Insurance or looking for facts about this latter, you are in the right place.
Here are five interesting insurance facts you probably didn’t know about!
1.Insurance Is Older Than You Think
one of the most interesting Insurance facts is that it’s older than most people would think! Insurance dates back to 3000 B.C in China. Insurance started with merchants fearing that their merchandise would be lost when transported via ships. These merchants got together and came up with the idea that they will distribute their merchandise equally on different ships. That move will be game-changing if a shipwreck happens because that way it will affect them all slightly. And just like that, nobody will be affected by a big loss. This seems quite ancient, but it is, after all, the way insurance companies still operate today.
