TRACKING THE HISTORICAL TRAIL OF INSURANCE IN THE WORLD AND IN INDONESIA

Insurance is currently considered an important part of modern society with the intention of providing protection against unexpected financial risks for them.

Based on historical traces, the concept of insurance has actually existed for thousands of years, and continues to evolve along with the development of the era until today.

Insurance in Ancient Times

The history of insurance began in ancient civilization in the Middle East (Babylonia) which was created by King Hammurabi and known as the Hammurabi law around 1750 BC.

UNDERSTANDING INSURANCE : A FINANCIAL SAFETY NET IN A RISK FILLED WORLD

In today's fast paced and unpredictable Why Insurance Matters environment, insurance has become an essential part of financial planning.

 

Whether it is health, life, auto, property, or business insurance, this protective mechanism provides peace of mind and a financial cushion when unforeseen events occur.

 

This article explores the significance of insurance, the various types available, and how research underscores its role in economic stability and personal financial health.