Insurance is multisecular because it answers the fundamental needs of every age. The first oral insurance contracts started to spread in the fourteenth century, when the merchants required another layer of safety beyond cannons to defend their assets from the dangers of sea and pirate attacks. When the merchants began to feel the need to insure the goods transported against the dangers of the sea and the acts of piracy. The fifteenth century gave birth to the written form of insurance contract, that listed all the clauses of the insured circumstance. During the same period, the first insurance companies protected their customers from fires and during the eighteenth century, following the evolution of maths and statistics, the first insurances on human life started to spread.