A Historical Survey of the Development of Life Assurance
The earliest forms of insurance mainly concerned ships and their cargoes; the business was well established by the Middle Ages both in Great Britain and the continent of Europe. The first known life policy was issued in 1583 following strictly on the lines of a marine policy, but it was not until the late 17th century that efforts were made to meet the growing demand for life insurance.
KeywordsLife Insurance Insurance Industry European Monetary Union Life Insurance Company Insurance Medicine
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