The Founding of Modern Insurance in 18th-Century Scotland
Scotland's 18th-century mathematicians and theologians pioneered modern insurance with sound actuarial and financial principles.
Scotland's 18th-century mathematicians and theologians pioneered modern insurance with sound actuarial and financial principles.
The origins of insurance are rooted in human societies' need to cope with uncertainty, from early agricultural communities developing resource hoarding and communal sharing strategies to modern-day collective security.