The Annals of the Flame Kingdom (WN)

Late XVII century.

A coffee shop raised its voice on Tower Street, close to the boarding yard on the banks of the Thames in England. Located as Edward Lloyd's shopkeeper, The Lloyds Coffee House was a hoarding place for many shippers, traders, and maritime insurers. It is a work story that flowers bloom if colleagues from the West and West, or ancient and present, gather. Incandescent discussions were held at Lloyd's Coffee Shop by shipping contractors, and the latest maritime information made available as one of the sources also circled over it. Sometimes, Lloyds Coffee House becomes famous not purely as a place to enjoy the taste of coffee, but as a place where insurance deals take place.

Did you want me to enjoy the taste of coffee purely, did you just fucking laugh at the flourishing coffee shop, or didn't think about it at all? The history books of future generations will not tell you what Edward Lloyd thought of his coffee shop making such a difference. However, it is not hard to imagine that this coffee shop would have been loved by the people who gathered on the spot. After Lloyd's death, Lloyd's Coffee House and Lloyd's Coffee Shop were the names of coffee shops created at the expense of insurers who jeopardized the loss of their own business. After various excessive turns, this coffee shop decided to relocate its premises to the Royal Exchange in 1773, about 80 years after Lloyd opened his first coffee shop.

'Lloyds', one of the oldest insurance markets in the world, said to be 'older than the Bank of England'

Even today, when coffee is no longer served, its' coffee shop 'is called Lloyds, making it a place where insurers all over the world have no strangers.

◆ ◇ ◆ ◇ ◆

"... so?

After Theon took part in the bathroom - the Liz consolation tournament named - he visited Erica's room again often.

"Can you explain this to me, Coata? Niza opens a coffee shop? What's that supposed to mean?

Erica's room is by no means small, but the population density is high there if all five of us get together: Kota, Erica, Sonia, Zion, Ayano. Kota slowly opened her mouth to Erica, who distorted her expression only slightly from the discomfort.

"There is an insurance market in the world I was in called 'Lloyds'. It's one of the best insurance markets in the world, but it was originally a coffee shop."

"Uh... Huh?

"I didn't make it a secret word, but I'd like to ask Mr. Niza to deal with insurance - maritime insurance. You know about maritime insurance?

Erica shakes her neck left and right in silence to Kota's words. With that figure in sight, Kota continued his words.

"As His Majesty said, 'voyage' is something that comes with danger. Is the ship leaving the port not in a storm, or in a pirate on the way? There's a kind of thing that's close to beating."

"That's... well, yeah. I know."

"So I want Mr. Niza to take care of the insurance if the ship breaks down."

"... uh..."

Erica's head, panicked. One way or another, Kota came by, and on behalf of Erica, who is not a talent, but a person of effort, a talented person raised his hand.

"May I ask you a question, Master Coata?"

"Go ahead, Mr. Sonia"

"Was that... 'maritime insurance'? Can you think of maritime insurance as a way to pay for a ship's repairs when it breaks down?

"Right. You can't go wrong with that idea."

"For example... right. When Terra's ship is damaged, the ship leaving the port is insured at sea. Would it be nice to give the fee to someone named Niza and realize that if the ship arrives safely, Niza will make money, and in the unlikely event that the ship breaks down, Niza will pay for repairing the ship or building a new one?

I would have listened to Sonia and Erica would have understood. "Oh, you know what," he shook his hand at Sonia with a smiling grin as Kota narrowed his eyes to Erica dyed her cheeks red to shame that she didn't get the answer.

"Excellent. You're generally correct"

"The point is, it's the same thing as a letter of credit, right? Pay the commission, and if you don't have anything, you'll make money on the commission. If something happens, we'll compensate for it."

"Right. Basically, yes."

"Hey, wait a minute!

"- But... Erica? What's wrong?"

Erica raises her hand and shows it to block Kota's words. Erica opened her mouth with the words of Hota in her ear that prompted her to continue.

"Well... that means' if nothing happens' Niza's making money, right?

"Yeah, that's right"

"But Coata, you just said it. Sailing is a beating, he said. So you're saying something could happen, right? I don't really want to think about it... but..."

"It's possible that the ship that left the port will suddenly fail."

"Right? You're not paying a commission enough to build a new ship on a boulder, are you? If so... is Niza really capable of paying for the ship that left the port being destroyed and rendered useless? The cost of repairing our ship… or the cost of building a new one."

The most obvious question. In response to Erica's question, Kota sent Erica a compliment as she had shown it to Sonia earlier.

"Excellent. In addition to Sonia's answer, this is completely correct"

"... Are you fooling around?

"I'm praising you, even this"

Shoulder to shoulder to Erica as she turns her jitty eyes, Kota continues her words.

"As I mentioned earlier, there is an insurance market in our world called Lloyds. It is not an insurance 'company'. It's the insurance 'market'."

"How is that different?

"Insurance companies are obliged to pay, but the insurance market is not obliged to pay."

That said, Kota looks indoors once. I opened my mouth again to make sure that the understanding of everyone but Ayano was not followed.

"Suppose we told Mr. Niza, 'I want to apply for this kind of insurance'. Niza calculates the commission rate in respect of that 'insurance' and tells the participants in the insurance market. 'I have an application for this kind of insurance. Would you like to take on this insurance?' And. Do you feel that if there is a compromise between the commission rate and the amount of compensation, you will take out the insurance?"

"A little supplementary to the story of Hota. If you mess it up, the only thing a guy named Niza would do is mediator. There are completely different people who take on compensation, so even if Niza doesn't have any property, it's fine."

Ayano takes over Kota's words and puts in a supplementary description. After confirming that everyone's understanding had been followed, Ayano turned his gaze to Kota.

"Sort of? Do you have any idea who the name is?

"I don't know, but... well, the neighborhood..."

"Stop!"

"- Mr. Erica?

"Another unconfirmed word came up! What," Name "?"

'Yes, yes!' Ayano gives Erica, who just raises her hand to say, a slightly annoying look. The expression touched Erica's harp line with gassi.

"... what?

"Stick around. I just hope you don't break my hip for a while - I just thought"

"You're the one who comes all the way to 'kachin', aren't you, Ayano? What? Wouldn't you make me look great because I know a little?

"Oh, I'm sorry. Did you not like the fact that Kota and I knew each other?

"Nothing? That's not true. Because Ayano is a lot older than me. Years of merit, right? Then it wouldn't be weird at all to know, would it?

……

……

"... extinct"

"… an increase in age"

""... Nice work!

"Please quit, both of you! Explain! I'll explain!

Haota breaks in between the two who get all evil at once. Honestly, it's bad for the heart.

"A name is someone who actually takes the risk of insurance. In Lloyds, which I explained earlier, there are things like royce brokers, underwriters, syndicates, and names and other jargon, but let me discount that area. I can't fit in and now what I want you to remember is who to turn that 'person who actually underwrites the insurance'... as far as I'm concerned, I'd like to ask Your Majesty"

"... to? To Your Majesty?"

"Yes. Your Majesty will take care of it, give me insurance. If possible......... well, I would ask Mr. Carl and Mr. Lotte, plus a lot of chambers of commerce, to take it on as well. Because it's better to have more participants."

"Hey, huh? Even Carl or Lotte? Hey, hey, why!

"Because it's beneficial."

"Meh, benefits?

What the hell is in it for you? Asked so only by his eyes, Kota nodded and showed one small thing.

"One first. There's a good chance that Niza and Iris will get along better."

"What do you mean?

"Just as Lloyds was set up on the Royal Exchange, Mr. Niza's insurance exchange will also be set up within the Royal Castle. Mr. Theon?"

"What?

"Did you say that the other day? This Royal Castle of Larchia is immensely vast due to its millennial history and repeated additions and modifications,"

"Add 'in vain'"

"'In vain,' it's wide, isn't it? Do you have a room for dozens of people?

"No problem. Only the room has enough room to rot."

"If you have a place, we'll rent it there and create an insurance exchange. Such an 'insurance market' where various chambers of commerce can bring in information about 'sailing' and insurance, and various chambers of commerce can undertake that insurance. Let Niza take care of it. While satisfying Mr. Niza's self-esteem, it also provides some money. In the first place, are you good as a merchant?

"It depends on the brackets of excellence, but it's a lot better than at least a mountain of merchants"

"That's enough. If Niza can feed Iris with her own money, Niza will be able to afford it. I would also say that if you were poor, you would be blunt. Well, that's not all men and women have."

"... I see. But is that all you can do to hang out with His Highness?

"The area depends on Mr. Niza's efforts. I'm sorry, but all I can do is provide a situation. I'll leave the rest to Mr. Niza. Okay, second of the benefits. By placing this' insurance market 'within the royal castle, with the participation of His Majesty, Lotte, the Chancellor, and Karl, the Knights of Kingsguard, we will make this business a' national undertaking '. Is that impossible, Mr. Erica?

"... if it's a project involving His Majesty, the Chancellor and the Knights of Kingsguard, well... once I say 'the cause of the state', I think it goes through"

"We all know that it is an enlarged interpretation. So if it became the business of the state, don't you think it's somewhat more 'contributing to the state' than 'merchants in and out'?

"... oh, I see"

"Besides, isn't Count Ferber asking to be a 'nobleman'? Like Mr. Lotte," civilians who contribute to the nation "is acceptable. Because this would reach Mr Ferber's minimum line beyond being a splendid state undertaking. At least the impression is much better than 'Running Down Unemployed'"

"... sort of. Whether Ferber agrees with that or not, that fits the word Ferber once and for all. It certainly contributes to the nation."

"Understand. Above all. Now, the third benefit, the Rote Chamber of Commerce, is involved in this story."

"Rot Chamber of Commerce?

"It's the Rote Chamber of Commerce at Mr. Niza's home. Let's get involved there, too. It's a bad way of putting it, but it's a chamber of commerce with a big bad guy in its body who molested his noble daughter. Restoration of honor will also be urgently needed as a Rote Chamber of Commerce. I'm not sure about Flame's rules either...... wouldn't it work positively for some restoration of honor if the less vocal Chamber of Commerce gave its name to the 'national cause'?

"... I'm going to work."

"As a barter for the restoration of honor, let us ask you in favor of transferring the right to issue currency. That way, the plan goes faster."

That's what I say. I wave my hands at you and make you look hilarious. Erica's gaze shook from left to right so that she could be caught in the palm of it.

"Over?"

"It's the last one."

"What's at the end?

"It's very simple at the end. simply."

Take a breath.

"Maybe you can have a nice cup of coffee, right?

Erica, who had listened to Kota's words in a whimsical manner, stumbles by surprise. Shame on the beautiful girls for making such a comical move, or Erica stared at Kota with her cheeks dyed red just a little bit.

"... seriously sounds stupid?

"Excuse me. But I told you, didn't I? Even the Coffee Man."

That said, he opened his hands and breaded his Kashiwaki hand, and Kota let his gaze stare.

"- Let's sum it up. With the opening of this" insurance market ", the former Chamber of Commerce and I Terra can gain" peace of mind "about sailing. Nobility, royalty, and historical chambers of commerce, instead of taking risks in relation to underwriting, are able to obtain revenues commensurate with it. Ms Niza can get enough money to feed Mr Iris on top of that while contributing to the state. The Roat Chamber of Commerce restores honor, and Count Ferber can have a son-in-law who is' contributing to the nation 'as you call him. The Becker Chamber of Trade can build ships, and that makes it more likely that two people in the Committee of Nine will turn to the favor of the right to issue currency...... I mean, Mr. Lotte is happy too"

That's all he talks about, and Kota looks indoors. Any questions? Erica raised her hand to that gaze, which she had just said.

"Yes, Mr. Erica"

"Well... listening to Coata sounds like a good thing..."

"It's all good, isn't it?

Kota even smiles and tilts his neck to show. To Kota like that, Erica turns a dazed gaze.

"………………"

Until I put it in my mouth. After a slight nose whisper in that gaze and looking around the left and right looking uncomfortable, he opened his mouth to Erica.

"... what is it?

"What is it... so?

"... what?

"So, what the hell is behind this? Look! Don't shut up. Explain yourself!

"............ what?

"Me too... well, compared to Ayano, I don't know yet... but I'm going to know Kota better! I've been watching you!

"Uh..."

Suddenly tempered by Erica's words and actions, a question mark spreads over Hota's head. What are you talking about? I opened my mouth to ask a question.

"So! I don't trust everyone to be 'happy' with Coata's idea! Look! Tell me what's wrong with this idea and reassure me!

- It's not like I can't get an open mouth blocked.

"............... eh, mr. Erica? No, there's really nothing wrong with that, is there? See, this is how we can all be happy."

"Liar! I want to lie! 'Cause Coata thinks about it!

I smiled once and for all at Kota's words. Totally trusted - on the contrary, I take it from Erica because I'm very 'trusting' about Hota and say, 'Zero disadvantages, it's a way for everyone to be happy!' Whatever words pop out of Kota's mouth, it's less realistic than a frigid mail-order show. It would be the daily deeds of Kota that are bad.

"Uh... Erica? What Kota is saying is true, isn't it? Basically, that's what 'insurance' is all about. Let's cover someone's misfortune, and we're talking about getting paid for it. So it's not like Kota's cheating or anything, is it?

The concept of "insurance" was first communicated to Japan by Fukuzawa Takiyoshi, famous for "Heaven is on People", who is said to be "Guided to Western Travel". There are theories that life insurance roots were born five years before his Western travel guide, but it was definitely Shiroyoshi who uprooted the insurance culture in Japan. The word he used in that explanation is' relative assistance ', let us all help each other to live, if we explain it thoroughly, and it is not so much WIN-WIN that it is the relationship between' each other 'that is there as it is WIN-WIN…, which is a form that temporarily gains, sometimes loses money, but no one should lose money in the medium and long term span, in Mae. For the record,' mutual companies' are currently forms recognized only by insurance companies in Japan and, in the name of mutual assistance, are not inherently for-profit companies.

"Ugh... ho, are you sure?

"Really, really."

"Because... ah!

"What?"

"Okay! Someone's gonna be unhappy where we don't know it!

"... Hey, Hota. What the hell is wrong with you?

"Do it."

Take a breath.

"I didn't!

"I decided not to ask what I said for a moment. I'll give it to you. But... well, explaining to Erica's satisfaction, Terra has to pay Sole more than insuring. For when a ship breaks down or breaks down."

You know what I mean? Erica nods vaguely at Ayano, who speaks.

"Kota said no one loses money, but if the voyage is safely completed and the deal is done, the fee paid... in the insurance world, it's called a premium, but the money will be par."

"But... if there wasn't an accident, wouldn't that be the best thing?

"Crunchy. In the end, Terra buys' peace of mind 'by insuring. Hopefully there won't be an accident, but even if it sucks, it'll cost you about the cost of repairing the ship. On a personal note, if I could buy safety for money, wouldn't that be a good idea?

He smiles back at Erica, who nods and shows more forcefully than earlier, and Ayano turns to Kota with a smile as it is.

"Why, Mr. Kota?"

"What is it, Ayano?"

"What is the price of that 'safe'? How the hell are you going to fix the price of safety?

Ayano turns the smile that was floating into a laugh. Kouta sighed and showed her as if she was just a little frightened by the appearance.

"I know the answer and I don't think it's a very good hobby to ask"

"Well, let's answer each other, answer each other. Erica, Sonia, Theon, aren't you interested? of the premiums to be paid for that insurance - the price of safety"

Kota shows Ayano snorting at the words of Ayano in his sight, exhaling a larger sigh than earlier.

"... aside from the fine numbers, the calculation of the price of safety and the so-called 'premium' can be calculated using the law of the majority"

"The law of the majority?

"When you drop white gold coins on the ground, the odds are the same as the odds of the back coming out and the odds of the surface coming out."

"... I don't really know what that means?

"It's either the table or the back, if it's only once, but the theory is that if you repeat it a hundred times, the table goes 50 times, and the back goes unlimited to fifty times. A thousand times, 10,000 times, you're going to get closer to 50%, theoretically."

"What about Squid Sama?

"Plus, if there's no artificial stuff involved,"

That's what I say. Point your gaze at Sonia.

"Yes?"

Sonia, who was pointed at me, looked cute and tilted her neck. Such a kind of out-of-place cute trick with a grin unknowingly on Kota's cheek.

"You'll be tired after work, but I'd like to ask Sonia for another job"

"Another job, is it? Uh... I don't mind that... what?

"I would ask His Majesty Carlos I to do me a favor. I was wondering if you could disclose the number of maritime accidents, their causes, and their records."

"Records of maritime accidents, is it"

"Whatever the route used for the first time… Since history, if every ship has travelled thousands of times, there should be some data on the point of accident, the season of the accident, the strength of the ship and the proficiency of the sailors. Based on that data, the underlying premium is calculated. It's Solvania, the maritime empire. I thought the data was abundant..."

That's what I'm saying, Kota, I'm gonna take a peek at Sonia.

"Is it difficult? Or haven't you got a record?

Sonia puts her index finger on her chin and thinks about it for a while. Eventually, the gaze that was flying into the hollow was fixed on Kota.

"... it won't be impossible. First of all, it can't be that you haven't taken a record. I've never checked, but maybe. Just..."

"Just?"

"I just think if we talk about this, your father will tell you to cut one, too. I love new things, Father."

"I don't mind. More so than that, because I'd rather ask you to come here. I told you earlier, didn't I? It's better to have more participants."

"If that's okay with you. How much will it take?

"All records since His Majesty took office."

Sonia, Pokan. For a moment, I wondered if Hota was joking, and squeezed out his voice to the color of 'serious' in his eyes, knowing that he was not joking.

"... it's been about thirty years since your father took office, do you need a record that long ago? The shape and performance of the ship have improved considerably, haven't they?

"You should have more samples. That way we can calculate more accurate premiums. If it's a premium based on data, don't you think it's easy for people to underwrite insurance as well?

"If it's better to have more samples, should I hang with other chambers of commerce?

Following Kota's words, Theon snaps his mouth. Kota nodded slightly at the voice and showed it.

"Right. I've never been over it."

"Then the story is quick. We should also try hanging with the Baumgarden Chamber of Commerce, the Roat Chamber of Commerce and the Becker Chamber of Trade."

"... well. What's the reason for the selection?

"It will be a large chamber of commerce named for the Committee of Nine, and there will be plenty of data accumulation. Either way, it's easy to talk to. I will speak to the Baumgarden Chamber of Commerce through Lotte Ong, and to the Becker Chamber of Trade through Miss Emili, to the Rot Chamber of Commerce...... right. Go with Ayano and Coata."

"Objection! Me! What am I supposed to do?

In response to Zion, who makes a steady quota, he says, "Ayano is just sloppy! 'Erica looks dissatisfied just saying. Seeing Erica like that, Theon hummed his nose.

"It's settled, isn't it? Miss Erica is persuaded by Her Majesty. As far as I can tell, the cooperation of the Kingdom of Flame would be absolute, wouldn't it? Only Miss Erica can give her opinion directly to Her Majesty, I guess? Didn't you, Coata?

"No... it must be"

"Objection!

Rejected.

"Why!"

"Don't say it again. It's Miss Erica and I who can express our views directly to Her Majesty... well, give up a hundred steps and be precise about me."

"Then I don't mind Theon! It's not like I don't even know the Rote Chamber of Commerce!

"Precisely, something like 'we've met', right?

"Ugh! Well, that's... yes, but..."

"It's the same with no such thing."

"So, but!

"Besides... I think we should have equal opportunities."

"Chance? What are you talking about!

To Erica's inquiry, hoist the edge of her mouth.

"While Ayano was going to Terra, I had a chance to be alone. Now it's Ayano's turn, isn't it?

To that word, Erica's face is dyed in a flash of bong bright red.

"Shit, what a chance!

"It's not what I found out if I was taking advantage of it or not. But there's no equal starting line. And... well, what?"

I've never been over this before.

"... what are you talking about, that's what"

"It would be difficult to say what I want to say inside, from the standpoint of being in the field. You'd better have a chance to crack your belly and talk, wouldn't you?

……

……

"... are you talking about your Majesty?

"Come on. I'm not going to tell anyone."

Do it again, to. Erica sighed and smiled bitterly as she was just a little tired at Scion with a pleasant look on her face.

"... thank you very much for your attention"

"How are you doing? You convinced?

"Yeah. I'm convinced. Coata, is that a good idea?

"Yeah, yeah. I don't mind...... and I mean, that's pretty much the same proposal I was thinking about. I think it's the right allocation of materials."

He's the lead researcher.

"Does it matter, Sole?

"Research is personal work, but the results required are required as an organization. Useful use of human resources is the foundation of management."

Kota leaks his admirable breath as if he was just a little surprised by such Zion's words.

"Why? What does Theon do? Nap?"

Ayano opens his mouth to take over such a word of Hota. "Are you going to skip? 'And against Ayano, who just said, Zion is rare - really, I saw Ayano with the eyes of a rare and unfortunate child.

"Is there no reason to take a nap? What are you talking about? I'm sure Niza will be able to help me."

……

"Please disclose the maritime accident records. Yes, it's over, isn't it? By determining the price of safety, Coata means that the amount must be calculated on the basis of the disclosed records and based on a well-founded theory. There are definitely limits to Niza being good, but alone. It would be better if the auxiliary was there, and then it would be natural for me to follow the auxiliary, which is the closest thing to Niza, right?

No? Scion's gaze to ask. You couldn't stand that gaze, or Ayano turned his gaze to Kota.

"- Something's wrong with Scion!

"What do you mean, it is!

I was very rude. With such Zion's fury, Ayano grabs Kota's collar and swings back, forth, left, and right.

"Hey, Kota! Theon's saying something serious!

"Hey, calm down! Neck! I can take my neck!

"There's no way you can stay calm! Hey, what about Othi? You know, if there were times when Scion would say something weird about the flow of cocks, right? What, are you kidding? It's not Scion to say," The use of human resources "even with water on the stands! Unconsciously, I thought you were a little dressed up! Coata, what the hell did you do?

"It's a terrible crime! I didn't do anything!

"Don't lie! You didn't do anything to make Scion so weird!

"I'm not lying! It's weird what time Mr. Scion is in the first place! That's one of Mr. Scion's weird variations!

"I've never heard of such variations! That's a weird department store!

"I don't have two names like Mighty Man! I mean, Ayano! Seriously, get off me! My neck will squeeze!

"Because Scion is weird!

"Don't say it again and again! Mr. Theon is weird all the time."

"You guys are serious. Come on!

Theon's scream echoed to the two making the argument. Theon is also pitiful... well, like Kota, it's bad everyday behavior.