Insurance History - The Historical Background of Insurance

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  • เผยแพร่เมื่อ 5 ส.ค. 2024
  • Insurance history time! While insurance is already a very complex and interesting topic, the story behind its development is even more complex and interesting.
    In this video, tito is going to walk you through the earlier forms of insurance and what led us to the financial tool we have in today's demanding market. Buckle up for a history lesson pamangkins!
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    Property Insurance Playlist:
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    Motorcar Insurance Playlist:
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    Leave a like and subscribe for more non-life insurance related content! Let me know what kinds of topics/questions you want answered. Enjoy the rest of your day!

ความคิดเห็น • 31

  • @mickwright7019
    @mickwright7019 8 หลายเดือนก่อน +5

    We are all such nerds who watch this, but Goddamn I love it

  • @jodyhayashi5288
    @jodyhayashi5288 2 ปีที่แล้ว

    Very useful, keep doing it!

  • @allenfrancisjoseph4080
    @allenfrancisjoseph4080 3 ปีที่แล้ว +2

    Good information. Thank you 😊

  • @JCarter3000
    @JCarter3000 2 ปีที่แล้ว +4

    Thank you for your work Tito. It is hard to find people who get me jacked up about insurance. I've been licensed for less than a year and marketing is difficult, my friends and family think it is a "scam" (can't fix stupid although they're wonderful people), and I find myself always trying to justify to myself why I chose this industry. I didn't know ANYTHING about insurance coming from a medical background and some sales jobs but the more I learn the more I get it. Content like this is a goldmine for me because I need to understand the REASON I do what I do. My approach today is "When I write this policy, I will 100% be filing claims so do the best for the customer. I like working because I like getting regular people like myself money from giant Fortune 100 compan(ies.)" Working for an ethical company and with value-driven people able to think about more than just "making sales" is what has kept me going these first months and I hope I can continue to build a inner belief in what I'm selling. If I can only believe in what I sell and know the details, I can do stuff which amazes myself. This is what I struggle with is really BELIEVING in what I sell since I've always been programmed that insurance is a "scam." Your content is helpful to me in real life and I appreciate your work and passion for this rarely discussed topic.

    • @niktak4658
      @niktak4658 2 ปีที่แล้ว

      What insurance do you sell? I’m selling life and health

    • @JCarter3000
      @JCarter3000 2 ปีที่แล้ว

      @@niktak4658 Same here. Got to make some more appointments tomorrow. Good luck bud, u can send me a DM anytime especially if you have anything encouraging/motivational. The cold calling I don't like so much but I gotta do it haha.

    • @niktak4658
      @niktak4658 2 ปีที่แล้ว

      @@JCarter3000 my biggest worry about settling down in this industry is I’d like to see developments continue to happen. I don’t want to be in an industry held back by the status quo. Im young and I love brainstorming and bringing new ideas into application. Im 22, wbu? I just sometimes feel like I’m too young for this industry. My clients are always older and I have to relate with them the best I can which is sometimes difficult because of the age gap

    • @JCarter3000
      @JCarter3000 2 ปีที่แล้ว

      @@niktak4658 I feel young (some days:) wish I was 22 again. My brother is your age and I think he feels the same. I'm early 30's now. I understand your worry somewhat I think. Maybe you want something more than just a "regular job" and I get that for sure. Sometimes I catch myself thinking "well is this it? Wow it's boring AF." I've done a lot of different work/jobs (graduated HS during the housing crisis) but none of them kept me interested/committed. Did cashier, hospitals/clinics doctor's in healthcare but couldn't take the ppl dying on me, delivery driver, product sales, retail, construction/plumbing, lumberjacking, etc too many to list. The way I see insurance sales now is I don't HAVE to stay in it forever if something better comes along, (I still look on LinkedIn and Indeed) but for now it's a good way for me to meet more people in the business-world/network and accumulate cash for the future. I've had my own small business(es) before and mann it's tough AF. My favorite thing about insurance is that there is no other business I can imagine with an upstart cost of ~$100 (for an insurance license) which allows you to bring in the kind of money insurance sales does if you work at it (so I've heard, today was a good day but still pretty new. The bad days/weeks are bad though in straight commission sales.) Hope this finds you well.

    • @JCarter3000
      @JCarter3000 2 ปีที่แล้ว

      @@niktak4658 Imo insurance will be around for the long haul (but insurance agents may not.) Govt bailed out AIG and insurance companies and subsidizes the industry just like banks. If you are already in the industry and want to change it you will be on the leading edge but it's definitely a status quo kinda job atm. What kind of brainstorming do you like? Do you want to do something more meaningful?

  • @videouploader7175
    @videouploader7175 2 ปีที่แล้ว +1

    Thanks a lot, your information helped me a lot at my work. Very well described🤩❤

  • @sanskarthakur2203
    @sanskarthakur2203 2 ปีที่แล้ว

    Thank You Your Explanation Was Awesome..

  • @ciaranwalsh9963
    @ciaranwalsh9963 4 หลายเดือนก่อน

    Excellent presentation.

  • @arielsantos9036
    @arielsantos9036 3 ปีที่แล้ว +1

    Nice, nadagdagan ang history info ko, thanks.

  • @fa4117
    @fa4117 2 ปีที่แล้ว +1

    THANK YOU SO MUCH

  • @laibaafraz1924
    @laibaafraz1924 11 หลายเดือนก่อน

    Tito sir thank you soo much your vedio about insurance is outstanding... I'm form Kashmir ❤️

  • @PBS-nm1uu
    @PBS-nm1uu 8 หลายเดือนก่อน

    keepit coming

  • @aaronCLE1605
    @aaronCLE1605 9 หลายเดือนก่อน

    Thank you 🙏

  • @mansurisamir1444
    @mansurisamir1444 ปีที่แล้ว

    very nice video 😊

  • @thnrrtr
    @thnrrtr ปีที่แล้ว

    Thank you for the content sir ^_^

  • @theworld967
    @theworld967 2 ปีที่แล้ว

    Thanks for this video. I'm here from Bangladesh 🇧🇩😀

  • @pcshukla5367
    @pcshukla5367 6 หลายเดือนก่อน

    Electronic Insurance is a kind of All risk policy it covers both Burglary and Fire

  • @merc7paul
    @merc7paul 2 ปีที่แล้ว

    Good vid

  • @AnonymousSpider
    @AnonymousSpider 3 ปีที่แล้ว

    Your summary is pretty good, however it'll be great if you could share your references.

  • @daniellepint
    @daniellepint 5 หลายเดือนก่อน

    Hmm I wonder what the cargo was

  • @jeffthaking8967
    @jeffthaking8967 3 ปีที่แล้ว +1

    What are your reference?

  • @rodmahinayjr.6280
    @rodmahinayjr.6280 3 ปีที่แล้ว +1

    Ee insured in the fire policy is insured to a fire policy but EE can be insured separately under Engr policy.
    Got a bit confused in the question

    • @arielsantos9036
      @arielsantos9036 3 ปีที่แล้ว +1

      yes

    • @titotalks5494
      @titotalks5494  3 ปีที่แล้ว

      Good job again! The question was intentionally confusing to get you guys to think twice hehehe. Get ready for another type of engineering insurance on friday!

  • @warrentoles3127
    @warrentoles3127 2 ปีที่แล้ว

    HO3 policy lol.

  • @prakharsrivastava5644
    @prakharsrivastava5644 2 ปีที่แล้ว

    Galat bataya apne 1800 ko babylonia hammrabi aya tha