The essence of insurance is to gather everyone's strength. If one person is in trouble, everyone will help each other. That is, people often say "all for me and all for me". Insurance in the modern sense originated from the need of maritime transportation. As early as 2000 BC, businessmen sailing in the Mediterranean often abandoned some goods when they were shipwrecked, and the losses were shared by all parties, forming the principle of "one person owns all, one person owns all" and becoming the bud of marine insurance. The earliest insurance policy was issued by Luc Velen, a merchant from Genoa, on 1347, 10/23 October, covering the voyage of the ship Santa Clara from Genoa to Macciocca. Hamburg Fire Insurance Association, founded in 1676, is the earliest organization specializing in insurance. /kloc-after the 0/8th century, the insurance industry developed rapidly and the types of insurance increased. /kloc-in the 0/9th century, insurance entered a modern period, and the scope of insurance not only included traditional property losses and personal injuries, but also extended to life insurance, liability insurance, credit insurance and reinsurance. The earliest insurance institution in China is Guangzhou Insurance Company, which was established in Guangzhou by British businessmen on 1805. The earliest insurance companies of national capital in China are Renhe and Jihe, which were established by China Merchants 1885. The first life insurance company established by China people was Hua 'an Hequn Life Insurance Co., Ltd. operated by former president Li Hongyuan. Today, when mankind is about to enter the 2 1 century, insurance companies, like banks, have become an indispensable part of people's lives. Among them, life insurance provides a clear guarantee for people's life safety. In the sense of ensuring people's life safety, insurance companies are more important than banks. The insurance industry in old China began when the British established the Personal Insurance Company in Guangzhou. At that time, people didn't know "insurance", only "swallow comb". After the Japanese were introduced into the insurance industry from Europe, it was translated into "insurance", which happened to be Chinese characters. 187 1 year, China and Japan signed the Restoration Clause and the Trade Charter. In order to expand its economic power in China, Japan imported insurance into China together with other businesses, which is the official name of insurance. 1876, the westernization group of the Qing government ordered China merchants to allocate special funds to set up Renhe insurance company, 1876 set up Jihe insurance company, which was later merged into Renjie insurance company. At this time, as a commercial name, insurance became popular in China. In the 1920s, Guangzhou people renamed "Yan Shu" as "Insurance".