Individual coverage contracts (i.e., insurance policies insurance policies not bundled with loans or different kinds of contracts) had been invented in Genoa in the 14th century, as had been insurance policies swimming pools backed by pledges of landed estates. The first recognized insurance policies agreement dates from Genoa in 1347, http://cruzhzdxa.luwebs.com/147725/the-best-side-of-whole-term-life-insurances