History of Insuranceexplores how the idea of protecting people and businesses from financial uncertainty developed over thousands of years. From early risk-sharing practices among Babylonian and Chinese traders to the emergence of formal marine insurance in medieval Europe, insurance gradually evolved into a structured financial system. In India, modern insurance began in the 19th century and later transformed through nationalisation and regulatory reforms. Today, insurance covers areas such as life, health, motor, property, travel, marine, and business risks, helping individuals and organisations manage unexpected financial losses. Read the complete History of Insurance to understand its origins, major milestones, development in India, and role in the modern economy.