Another form of insurance developed not in the ports, but the mountains.Alpine farmers organised mutual aid societies in the early 16th century, agreeing to look after each other if a cow - or child - fell ill.
Governments initially got into the insurance business as a way of making money, typically to fight a war in the turmoil of Europe in the 1600s and 1700s.
The warrior monks who invented banking The compiler: Computing’s hidden hero How Ikea’s Billy took over the worldHow economics killed the antibiotic dream
It is regarded as a core priority to help citizens manage some of life’s biggest risks - unemployment, illness, disability and ageing.
That is a shame, because there is growing evidence that insurance doesn’t just provide peace of mind, but is a vital element of a healthy economy.
Before the international banking crisis broke in 2007, the total face value of outstanding derivatives contracts was many times larger than the world economy itself.
The original article contains 1,264 words, the summary contains 161 words. Saved 87%. I’m a bot and I’m open source!
autotldr@lemmings.world [bot] 1 year ago
This is the best summary I could come up with:
Another form of insurance developed not in the ports, but the mountains.Alpine farmers organised mutual aid societies in the early 16th century, agreeing to look after each other if a cow - or child - fell ill.
Governments initially got into the insurance business as a way of making money, typically to fight a war in the turmoil of Europe in the 1600s and 1700s.
The warrior monks who invented banking The compiler: Computing’s hidden hero How Ikea’s Billy took over the worldHow economics killed the antibiotic dream
It is regarded as a core priority to help citizens manage some of life’s biggest risks - unemployment, illness, disability and ageing.
That is a shame, because there is growing evidence that insurance doesn’t just provide peace of mind, but is a vital element of a healthy economy.
Before the international banking crisis broke in 2007, the total face value of outstanding derivatives contracts was many times larger than the world economy itself.
The original article contains 1,264 words, the summary contains 161 words. Saved 87%. I’m a bot and I’m open source!