The Greeks and Romans introduced an early form of life insurance: a group of individuals contribute for a certain time. The sum is set aside until it is given to the last survivor of the group.
11th to 14th century
The guilds were associations or cooperatives of persons conducting the same business, e.g. the association of merchants. Guilds in the Middle Ages contributed to the funeral expenses of their deceased members.
16th century
First policy on the life of William Gibbons: guaranteed the payment of a sum if his death occurred within 12 months.
Appearance of dowry insurance: amount paid by the parents on the birth of a child. Embryonic estate planning.
Appearance of life insurance, as a supplement to marine insurance, to insure passengers and slaves.
17th century
Establishment of the Widows Fund: intended to provide a pension for the widows of persons who have held an important position and belonged to the upper classes.
1630
The banker Lorenzo Tonti develops the tontine: several individuals invest in a common fund which would make it possible to obtain a life annuity.
1693
Creation of the first life table by Edmund Halley - British astronomer and engineer.
18th century
Appearance of life insurance, as a supplement to marine insurance, to insure passengers and slaves.
Birth of the Compagnie Royale d'assurances sur la vie (organisation offering life). It does not survive the revolution.
Emergence of personal insurance to secure crews and slaves against the risks of shipwreck.
1706
Amicable Society for a Perpetual Insurance Office: the first life insurance company in the world. Each member pays a fixed annual premium per share. At the end of the year, part of the contribution is divided between the wives and children of deceased members.
1762
Establishment of the Society for Equitable Insurance on Lives and Survivorship. First mutual insurance entity in the world to offer premiums based on age and mortality rates. The emergence of actuaries.
19° siècle
The growth in the number of insurance companies and the creation of mutuals / cooperatives.
1970
The growth in the number of insurance companies and the creation of mutuals / cooperatives.