Pursuing advantages and avoiding disadvantages is the nature of capital, it is also the instinct of human beings, and it is also the guarantee for the continuous evolution of organisms to advanced levels. Insurance is a unique contract model created by special database human civilization. With the development of history and the advancement of science and technology, it plays an indispensable role in sharing risks and reducing losses. The escort bureau in ancient China is essentially the embryonic form of the modern insurance industry.
Most people still have the impression that the concept of it is still in the TV series of trapping people to transport goods and fighting with bandits. But in fact, the business model of the escort bureau is to use most of the insurance premiums successfully special database collected by Ping An Yunda to offset the compensation caused by a few natural and man-made disasters. The so-called escort with high martial arts is just a means of reducing compensation, and it is more of the imagination of future generations. The western insurance industry was born in the period of great voyages.
Pirates and storms, as the two natural enemies of the merchant ship trade, left the merchants with no choice but to adopt measures to share the average damages. It also gave birth to the Marine Insurance Act promulgated by the United Kingdom special database in 1746. Going back further, this idea of using increments in time or space to apportion low-probability and large-loss risks is the idea of “farming more than one” put forward by the sage Confucius in my country, and the ancient Babylonian Code of Hammurabi.