Has anybody tried this? To underwrite insurance contracts on trade? How did it work for you?
3 posters
Doing insurance with an Exchange
Deacon- Emperor
- Number of posts : 1859
Age : 60
Location : Portland OR, USA
Reputation : 44
Registration date : 2010-04-13
- Post n°1
Doing insurance with an Exchange
Has anybody tried this? To underwrite insurance contracts on trade? How did it work for you?
Kingmaker- Admin
- Number of posts : 1673
Age : 67
Location : Scarborough Jewel of the East Coast
Reputation : 28
Registration date : 2008-04-20
- Post n°2
Re: Doing insurance with an Exchange
depends on what you are insuring some are more prone than others
J Flower- Emperor
- Number of posts : 1239
Age : 53
Location : Paderborn, Germany
Reputation : 17
Registration date : 2012-02-16
- Post n°3
Re: Doing insurance with an Exchange
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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