Ancient Greece: The Birthplace of Insurance?

Dive into the fascinating world of Ancient Greek finance and discover how the Aegean Sea, with its bustling trade and perilous voyages, birthed innovative risk management techniques still relevant today. Uncover how merchants formed benevolent societies, pooled resources, and introduced the concept of insurance. Learn about the unique bottomry loans tied to maritime success and the crucial economic role of temples offering divine-protected savings and loans. From Piraeus to Wall Street, trace the evolution of finance and see how ancient practices influence modern insurance. Embrace the timeless principle of sharing risk for mutual benefit.

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