Evolution of Insurance

Discover the fascinating journey of insurance from ancient sea loans, where repayment hinged on maritime disasters, to the establishment of burial societies in ancient civilizations. Explore how the concept evolved through the Middle Ages, leading to the creation of marine insurance in Italy and Portugal, and eventually culminating in the iconic Lloyds of London. This episode reveals how a coffee house became the birthplace of modern insurance, shaping risk management as we know it today.