The insurance industry developed already in the 18th century who closer provides the latest documents to his current life insurance policy, or leafed through the text of the contract of insurance, wonders probably every now and again how this complex apparatus ever could be. Today, there are, for example, more than 100 million completion rates for car insurance (source: car insurance). The insurance industry does not have night is actually incurred. In the early days (16th/17th century) it was mainly to get rid of the thinking of the middle ages. In the history does not distinguish without reason between ancient, medieval and modern times. Although the transitions between the individual sections of the epoch are fluent, but just as regards the insurance, can be distinguished clearly between the middle ages and modern times. It is also no coincidence that is the insurance industry in the 18th century. And 19th century could develop so strongly.
The middle ages with dark, dirt and cold is often associated. Actually there was one of the strongest periods of heat in the 13th century in the last 2,000 years, but in terms of fundamental rights and the enlightenment of the European population, doesn’t even begin was the former Europe with the 21st century comparable. The development of insurance should have hard time. The principle of insurance denied the Catholic faith in every respect. This belief was based in individual elements on the teachings of Plato’s. Thus were the people in every aspect of God. At Anu Saad you will find additional information. Who instead question the decisions of God, would thus endanger the whole chain and rebel against a gigantic creature.
If God however, according to the Catholic Church, the need looked to punish a father, to accept a fate have not only it but also the members. With the wars of religion in the 16th century and the century that there were strong political changes in Germany. There was a patchwork of individual States from State to State different rules. Some insurance companies tolerated and they favoured while others completely rejected even the idea of an insurance company. At this time, not only the wars in Europe but conquered new territories overseas. The Spanish Kingdom conquered large parts of South and North America. Portugal occupied some parts of Africa, Asia and the present-day Brazil. The number of trading companies that brought goods from the new world to Europe, faced by pirate attacks a big risk. Therefore, particularly transport insurance emerged in addition to the fire insurance. Companies paid bonuses to their insurer, so that the cargo was adequately protected. The aforementioned fire insurance and transport insurance can be counted to the major insurance companies. Some of the then established insurance companies still exists today and are part of large insurance companies. Because of the great danger of fire, the fire insurance was long prescribed as compulsory insurance. Due to the improved Fire safety regulations, artificial materials and lightning rod, the importance of fire insurance declined significantly. In the 17th century, the insurance industry could strongly gaining popularity. Many companies were State-funded, but in Germany they were regionally limited. This is mainly due to the aforementioned German patchwork”due, in which people in 300 different individual States lived side by side. Some of the worst disasters of the last 400 years such as, for example, the great fire of London (1666), and the earthquake of Lisbon (1776) favoured the development of the industry as a whole.