On April 18, 1906, San Francisco experienced one of the largest earthquakes in insurance history in terms of economic damage. The 7.9 magnitude earthquake lasted only about a minute, but caused significant damage...

At the beginning of the XX century, when railroads were being built at a rapid pace, steamships and telegraphs were running everywhere, and international trade was booming, no one believed that a major European war...

Auto insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability...

In 1992, the USA were hit by a major hurricane (named "Hurricane Andrew"), causing an enormous 27 bln. USD in damage to the economy. Of this amount, 15,5 bln. USD was borne by insurers...

Mutual insurance society is one of the organizational forms of insurance company, which carries out paid insurance at the expense of its own funds, insuring the property interests of members of the society. That is, the members...

In the last few years, technological innovations have brought significant changes to various sectors of the economy and insurance is no exception. The complex of modern digital technologies used in insurance is called ...

Building up the country's export potential is one of the priority directions of foreign economic policy of any state. It allows the state to integrate into the international economic space, solve the issues of employment and increase...

In Muslim countries where traditional insurance is considered non-Shariah compliant, an alternative insurance model called takaful is used. Takaful (the word is derived from the Arabic verb "kafala", which means "mutual provision of guarantee")...

Islamic banking is a way of banking that is based on the observance of the religious rules of Shariah. In the holy book "Quran", there are 4 ayats that contain an explicit prohibition on usury...

On April 10, 1912, the British transatlantic steamship "Titanic", nicknamed "unsinkable", set sail from Southampton to New York, on its first and, unfortunately, only voyage. On April 14, "Titanic" collided with an iceberg...

On May 10-11, 1861, the Swiss town of Glarus was hit by a huge fire, which destroyed almost 2/3 of the buildings and caused huge damage to local insurers. For most of them this fire became fatal...

The formation of the insurance business in Russia is usually attributed to the mid-19th century, when Russian insurance companies began to be established to...

A great contribution to the development of the social insurance system in the world was made by German Chancellor Otto von Bismarck, who in the 1880s introduced a social protection program in the country...

The first evidence of reinsurance contracts dates back to the end of XIV century, when the world's first insurance policy was issued in Genoa. Insurers (individual persons) of that time, in order to protect themselves from great risks...

The history of joint-stock companies began in Europe during the Age of Exploration and the Age of Colonization. The reason for their emergence was the need to invest in the development of colonies....

Benjamin Franklin, one of the most influential figures of the 18th century, was an American politician, diplomat, inventor, scientist, writer and philosopher. He was the only...

On April 06, 1942 English cruiser "Edinburgh" at the head of a convoy of ships left Murmansk for Reykjavik. On board the cruiser were 93 wooden crates, which stored 465 gold bars with a total weight of 5.5 tons...

With the growing number of bankruptcies in the world, increased shareholder activity in foreign markets and toughening of requirements by various stakeholders to comply with ESG policies, Directors & Officers liability insurance...

Barings Bank was founded in 1762 in London by brothers Francis and John Baring, which was initially involved in financing trade deals with the Netherlands. By the beginning of the 19th century...

Lloyd's of London or simply known as Lloyd's is the world’s leading insurance marketplace, where every day more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network...

On the morning of September 02, 1666, a fire broke out in Thomas Farriner's bakery on Pudding Lane in the City, immediately engulfing adjacent buildings, and by the morning of September 03 it had spread north and west, destroying...

It is known that many actors, athletes or other celebrities insure their lives or different body parts that serve them as the "working tools" (actors insure their faces, football players insure their feet, singers insure their voices, etc.)....