The earliest form of insurance was ________ insurance.

Question

Quizplus · Accepted Answer

Property and casualty insurance dates back to the ancient world, where merchants would pool their resources to protect themselves against losses due to storms or other disasters. This form of insurance became more formalized in the 17th century with the creation of Lloyd's of London, which provided marine insurance for ships and cargo. Life and health insurance did not become popular until the 19th and 20th centuries, and automobile insurance was not widely available until the early 20th century.

The Earliest Form of Insurance Was ________ Insurance