THE EMERGENCE AND EVOLUTION OF INSURANCE IN THE WORLD

Iulia CAPRIAN, Tatiana COVALSCHI, Ecaterina ULIAN Universitatea de Stat din Moldova

Abstract

Despite of all the efforts that some scientists put to find the first operations of insurance and reinsurance, they could not reach the goal. However, after lengthy searches, there were found evidences of risk-sharing operations dating from the same period with the emergence of the first forms of organized trade. The idea of the reinsurance has the same roots from the human instinct that has led to the emergence of insurance, namely the wish that the damage suffered by a person to be supported by many people. Keywords: insurance, reinsurance, risk, mutuality, insurance fund, insurance contract, insurance companies, insurance diversification.