Who invented insurance?

who invented insurancePirates invented insurance by offering a written agreement to exchange treasure for injuries sustained in their work. AnswerLloyd's of London are credited with Inventing the modern concept of insurance. It is believed that the Knights Templar in the middle ages may also have dabbled in insuring agreements.

Lloyd's of London is still an operating concern today. They are the preeminent insurer in the Aerospace technologies industry including Rocket launches and satellite payloads, as well as many more traditional International Commercial Markets. such as International Shipping and Cargo, offshore explorations and drilling. The Combined Syndicate underwriting Capacity allows Lloyd's to consider risk that standard local markets with more familiar names can not.