Role of It in Insurance Sector

Thousands of years ago a King Hammurabi wrote a set of 282 laws called Hammurabi’s Code to protect the weak. Hammurabi’s Code was just by it protecting the family. In addition, it protected the property by helping people in need. Finally, it protected personal injury by it giving aid to the injured.

The Code of Hammurabi was a law code written by King Hammurabi of Babylon in Mesopotamia in the ancient near east. This document was said to be written in about 1772 B.C. These 282 law codes contained numerous laws and rules that Hammurabi had established for many reasons. The Code of Hammurabi set the tone and defined how his society would function and impacted day to day life of his people. Not only has The Code of Hammurabi impacted Babylonian civilization, but has had a lasting impact on todays governments.

Around 4,000 years ago Hammurabi’s code was created by Hammurabi the king of Babylonia with the goal of bringing justice to his kingdom. He even claimed that Shamash the god of justice commanded him to make these laws. Then his laws were carved into large stone’s called steles, written in the ancient cuneiform written, and then put up throughout all major communities of Babylonia. However, these ancient laws were not fair for everyone in his kingdom. Hammurabi’s Code was unjust because the laws pertaining to family life, property law, and personal injury were unfair.

The code of Hammurabi is the most remarkable and complete code of ancient law that we have. The code can be found on a stele, a stone slab usually to commemorate military victories in the ancient world. His code, a collection of 282 laws and standards, stipulated rules for commercial interactions and set fines and punishments to meet the requirements of justice. Most punishments resulting of death or loss of limb if a law was broken. The edicts ranged from family law to professional contracts and administrative law, often outlining different standards of justice for the three classes of Babylonian society. The Hammurabi Code was issued on the three classes of Babylonian Society, property owners, freemen and slaves. It was important as it organized the most civilized empire at that times , and Hammurabi made many copies of it and distributed them in the most important cities of the empire , so it represented a great progress to the human

Approximately 4,000 years ago Hammurabi, the King of Babylon, created 282 laws that were eventually put together to create Hammurabi’s Code. His code was the basis of guidelines that people were expected to follow. Hammurabi also became the ruler of Mesopotamia, the world’s first civilization where his code influenced the way people lived. Hammurabi’s Code tells us about how communication was changed by cuneiform writing, how Hammurabi lead his people politically and how currency affected trade in Babylonian Society.

Hammurabi’s Code, written around 1800 B.C.E. is a Babylonian code of law containing rules and regulations along with the consequences for breaking the rules. There are different categories of laws including crime, economy, class and slavery, and men and women ranging from issues regarding Hammurabi’s Code was most likely created to develop a functioning society and give more power to the upper class.

Hammurabi, king of Mesopotamia wrote a set of laws, that included 282 laws, 4,000 years ago in Mesopotamia to protect the weak. Hammurabi’s code was not just because it terrorized the family, it negatively affected personal property, and was not fair against personal injury.

The Code of Hammurabi was written between 1795 and 1750 B.C.E by King Hammurabi, ruled the Babylonian Empire, he thought the gods appointed him this job, and took it very seriously. He created this code, which had 282 laws, to characterize all relationships and the life in the kingdom. Hammurabi wrote this code for the people of Babylon. The Code was the most involved and forward laws in its time. These laws were displayed in many places for the Mesopotamian people to see and study them. The laws were for everybody to obey by and depending on your social class, your punishment for disobeying a law would vary.

Laws play major role in civilizations, without them there would be no boundaries or consequences that can promise the people safety from dangers. The Code of Hammurabi was written by King Hammurabi, who began ruling the Babylonian Empire in about 1800 BC. There were 282 laws that applied to everyone, though application of the laws and punishment differed according to social class. The purpose of Hammurabi’s code was to make the punishment so harsh that the individual who committed the crime would never think of committing it again, and if a crime does happened the punishment is arrange to punish the criminal in a manner that they committed the crime. This is why The Code of Hammurabi has such noticeable themes, like gender equality, importance

The code of Hammurabi is a code of laws created by the Babylonian king, Hammurabi. The laws were enacted in 1750 B.C. The code of Hammurabi consisted of 282 laws that cover a wide variety of material. These set of laws formed a sense of justice for the people. The laws were written for the people who were under the rule of Hammurabi. They provide a great amount of information on how the ancient people of mesopotamia, such as,their class system and what was expected of them.

Geico Insurance has expanded its product base to include home insurance, commercial insurance, atv and motorcycle insurance, boat insurance, and umbrella policies to its customers still with the direct selling concept. As technology has evolved, so has Geico Insurance to make sure its products and services are meeting the needs of the consumers. In addition to offering a multitude of insurance products, Geico has expanded its services to its customers with new features such as online claim filing, applications for mobile phones, and online quotes. The variety of products and services reaches out to a large target group ensuring Geico Insurance has a product to meet most all consumers’ needs.

Historical Development: Hammurabi’s code was first attempt at written legislation. Written circa 1800 BC, the code was a set of laws that made an attempt to bring a form of equal justice to all citizens. It covered a wide range of of legal subjects, from family law to economic perjury. The laws followed a main theme of “an eye for an eye”, meaning that the punishment was relative to the crime. Despite its moral shortcomings, it was a major step forward that helped the expansion of civilization. Recorded laws have been implemented in almost every nation

Though I assume that all the insurance industry has gone paperless, one weakness that may still be prevalent is operating with paper transactions. Without paperless technology, selling policies, collecting payments and reminders may look old fashioned, not efficient and not be appealing to customers, both current and new. Lack of technology can also hamper the means to find new customers, and keep current ones from switching to another insurance

Recently, insurers introduced online insurance policies. This got a wide spread acceptance from many clients in that it is quick, easy and convenient. It is also cheaper in that a person doesn’t have to travel

Insurance is a federal subject in India. It is a subject matter of solicitation. The legislations that deal with insurance business in India are Insurance Act, 1938 and Insurance Regulatory & Development Authority Act (IRDA), 1999. Insurance is defined as is a form of risk management primarily used to hedge against unforeseen risks of contingent losses. Another approach to Insurance is as the equitable transfer of risks, or the possibility of occurrence of losses, from one entity to another, by the method of diversification in exchange for a premium. An Insurer is a company designing, promoting and selling insurance products and services amongst the public. An insured or policyholder is the person or entity purchasing these products and services.