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Insurance and the Historical Nature of Risk.

Jason Johnson Jason Johnson , 9/30/2013
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Managing risk has been in existence since the 2nd Millennium BC.  The  early Chinese and Babylonians both recognized the need to mitigate exposure on their trade routes.  During that time a supplier would place a small fee on the cost of the goods to ensure that in the event of a loss the vendor would not have to pay for the lost goods.   If an accident or theft occurred the vendor was released of the debt.  As trade evolved and shipping became more popular, ship captains and merchants began meeting in a coffee shop owned by Edward Lloyd.  Today we know this company as Lloyd's of London.  Privateers would attack shipping routes and seize cargo resulting in a loss to the shipper.  Captains and merchants would meet and hire underwriter's to insure the cargo in the event of a loss. As commerce evolved into the industry we have today, the methods of managing risk have also evolved.  The insurance industry became a multi-faceted market with agents specializing in a certain product line or niche market.

Our current industry has evolved to include almost every type of risk imaginable from the tangible (physical property) to the intangible (intellectual property).  As an agent in an evolving industry, you need the tools to stay ahead of your competition.  CompleteMarkets is the leading provider of products and services designed to help insurance agents.  Bringing together the power of social networking, exceptional content, and a platform for finding markets that is better than any other site of its kind.

Just as the industry has evolved, agents and the technology they embrace must change too.  CompleteMarkets has upgraded its site to provide agents new tools and products to help build their business.  Everyday, thousands of insurance agents get updates on recent articles, blogs, and agent discussions that provide helpful advice.  In addition to the fresh content and information, CompleteMarkets has developed a market finder platform that provides agents the ability to search markets across the country.   The site also allows the agent to connect with the wholesaler online and receive expedited quotes for their clients.

Don't miss out on these historic times.  CompleteMarkets is free to join and takes only minutes to create a profile.  To ensure you are in the loop on all CompleteMarkets news and updates subscribe to our blog today.

Scott
10/5/2015 3:17:32 PM
Thanks for the post Jason.