Advance

Insurance Companies

insurance_companies

A further reduction of risk came with the development of insurance. By paying a small fee to an insurance broker, merchants could protect themselves against catastrophic losses. This reduced risk of investment led to a subsequent flourishing of trade.

Requires

Joint Stock CompaniesAdvancerequires

Advance tree

Vaccination
Cast Iron Structures
Urbanization
Joint Stock Companies
Insurance Companies
Clearing House
The Gold Standard then 6 more
Foster Agriculture Only some countries
Concept of Mercantilism Only some countries

Requires 1

Joint Stock CompaniesRevolutionsRequires

Belongs to 1

RevolutionsAge

Required by 4

Advances

Foster AgricultureRevolutionsRequires
Clearing HouseRevolutionsRequires
Concept of MercantilismRevolutionsRequires
The Gold StandardRevolutionsRequires

Scripting 1

References 1

medium_tax_income_efficiency_bonusModifiers

age = age_6_revolutions

icon = genoese_banking_traditions

tax_income_efficiency = medium_tax_income_efficiency_bonus (+3%)

requires = joint_stock_companies