 |
| A series on Economic history: |
| History of finance |
|---|
| History of banking |
| Bubbles and Crashes |
| History of insurance |
| History of accounting |
| Admiralty law |
|---|
 |
| History |
| Features |
| Contract of carriage/Charterparty |
| Parties |
| Judiciaries |
| International conventions |
| International organizations |
The history of insurance traces the development of the modern business of insurance against risks, especially regarding cargo, property, death, automobile accidents, and medical treatment.
The insurance industry helps to eliminate risks (as when fire-insurance providers demand the implementation of safe practices and the installation of hydrants), spreads risks from individuals to the larger community, and provides an important source of long-term finance for both the public and private sectors.[citation needed]