Foreword
The business of insurance had been in existence in some form or other over a fairly long period in history but it was not until the eighteenth century that it really began to evolve into a major form of business. This coincided with the industrial revolution and the growth of the manufacturing and subsequently the utility industry in a hitherto unknown scale. The newly evolving businesses impacted lifestyles in a manner that was never imagined and consequently resulted in the development of business services that led to the growth of the insurance industry.
Types of insurance
Life insurance
A straightforward life insurance entails benefits for the nominee of the insured after he or she passes away.
Health insurance
With the cost of quality health care going beyond the affordability of most people, health insurance has evolved into a major form of insurance.
Property insurance
The need to protect property such as house, contents inside a house and sundry items has led to the growth of property insurance as a major form insurance.
