Tell me about evolution of the insurance ?

Question

Tell me about evolution of the insurance ?

Answer 1

Do you mean evolution of the industry?  If so, it began when families would pool money together.  Whomever passed away 'wins'.

Later, people went to graveyards.  They figured how many years a person might live.  Then they charged people less money if they were younger, more if older, and the money could even be paid each year (or month).

As time passed, statistics became a science.  Math brains could predict with some accuracy how many of a group could be expected to pass, and even how often the deaths could occur.

Now we have actuaries.   Those guys are really good.  

So good are they, that some of the most stable companies on the face of the earth are in the insurance industry.

Is this worth ten points?

Answer 2

Short version - you pay a LITTLE now, to save from having to pay a LOT later.