Up to the 17th century, insurance was handled by individuals or guilds. The possibilities were, however, restricted to a local level or to a line of business, and reserved for members only.

The first insurance companies were founded. Contracts were concluded primarily for fire and (sea) transport insurance.

In the 18th century, insurance bodies sprang up in Switzerland and the rest of Europe. The most important areas were: death benefits, widow’s and orphan’s benefits, and retirement benefits.

The social safety net for individuals was strengthened. The state expanded its benefits. This also led to an increase in demand for private insurance coverage.

The first insurance companies were founded. Contracts were concluded primarily for fire and (sea) transport insurance.

In the 18th century, insurance bodies sprang up in Switzerland and the rest of Europe. The most important areas were: death benefits, widow’s and orphan’s benefits, and retirement benefits.