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...University of calgary prism s digital repository conferences history medicine days the evolution medical underwriting in life insurance kheraj naheed n proceedings th annual march and st health sciences centre ab http hdl handle net conference downloaded from https ucalgary ca by preceptor none abstract concept as a way spreading risk financial loss over many individuals has existed for thousands years historians believe that first developed babylonia around bce merchants traders who transported goods ship used to pool their money protect against losses cargo thieves pirates since those early beginnings throughout centuries informal agreements between have evolved into more formalized legal contracts pooling become institutionalized with formation companies addition types coverage available expanded dramatically include home automobile disability name but few really took off during industrial revolution europe north america provides protection adverse impact death an individual expecte...