Question

what is the origin of insurance associated to?
in one sentence​

Answer 1

Answer:

Insurance in some form is as old as historical society. So-called bottomry contracts were known to merchants of Babylon as early as 4000–3000 bce. ... The insurance contract also developed early. It was known in ancient Greece and among other maritime nations in commercial contact with Greece.

Answer 2

Answer:

Historical development of insurance. Insurance in some form is as old as historical society. So-called bottomry contracts were known to merchants of Babylon as early as 4000–3000 bce. Bottomry was also practiced by the Hindus in 600 bce and was well understood in ancient Greece as early as the 4th century bce.

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