Agema Publications

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Doing insurance with an Exchange

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Deacon
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Doing insurance with an Exchange

Post by Deacon on Wed Dec 24, 2014 11:56 pm


Has anybody tried this? To underwrite insurance contracts on trade? How did it work for you?
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Kingmaker
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Re: Doing insurance with an Exchange

Post by Kingmaker on Thu Dec 25, 2014 9:37 am

depends on what you are insuring some are more prone than others


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J Flower
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Re: Doing insurance with an Exchange

Post by J Flower on Sat Dec 27, 2014 9:08 am

Gave the order that merchants give a small fee based on cargo & risk, also put money aside in case of larger claims, I think it works as a sort of self funding sinking fund. Have had the scheme running for a number of years now, some years it makes a profit but mainly it seems to break almost even. I does boost confidence of the merchants, well that is at least what my honourable & undoubtably honest ministers tell me.

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Re: Doing insurance with an Exchange

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