Document library
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- Author:
- Day, J. G.
- Source:
- Journal of the Institute of Actuaries Students' Society [JSS] (1960) 16(1): 40-47
Stock exchange options
STOCK EXCHANGE OPTIONS by J. G. DAY A 'CALL' OPTION T H E best known and most common type of option is that where an investor pays money (option money) for the call—that is for the right to buy shares at the current price in 3 months time. This is best ... read more >>
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- Author:
- Dharmadhikari, S. W.
- Source:
- Journal of the Institute of Actuaries Students' Society [JSS] (1960) 15(6): 436-444
A simple modification of the binomial distribution
A SIMPLE MODIFICATION OF THE BINOMIAL DISTRIBUTION by S. W. DHARMADHIKARI INTRODUCTION AND SUMMARY GIVEN any probability distribution, new distributions can be derived from it by assuming its parameters to follow some specific probability distributions. ... read more >>
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- Author:
- Francis, P. R.
- Source:
- Journal of the Institute of Actuaries Students' Society [JSS] (1960) 16(1): 3-22
The place of lump-sum benefits in superannuation schemes
THE PLACE OF LUMP-SUM BENEFITS IN SUPERANNUATION SCHEMES by P. R. FRANCIS (A paper discussed by the Society on 16 October 1959) INTRODUCTION I T has long been recognized by statute and by general consent that the main purpose of a pension scheme is the ... read more >>
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- Author:
- Macharg, J. M.
- Source:
- Journal of the Institute of Actuaries Students" Society [JSS] (1960) 15(6): 422-435
The Finance Act 1956 and the switching of pension schemes
THE FINANCE ACT 1956 AND THE SWITCHING OF PENSION SCHEMES by J. M. MACHARG (A paper discussed before the Society on 20 March 1959 and published by kind permission of The Faculty of Actuaries Students' Society) T H E word 'switch' has come to be used to ... read more >>
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- Source:
- Transactions of the Faculty of Actuaries [TFA] (1958-1960) 26: 122-131
Continuous investigation into the mortality of assured lives: enquiry into the desirability of constructing a 'Light' table of mortality
122 CONTINUOUS INVESTIGATION INTO THE MORTALITY OF ASSURED LIVES Enquiry into the desirability of constructing a “Light” table of mortality INTRODUCTORY NOTE The following note describes an investigation into the possibility of constructing a ... read more >>
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- Source:
- Journal of the Institute of Actuaries Students" Society [JSS] (1960) 15(6): 460-461
Reviews
REVIEW Elements of Vital Statistics. By B. BENJAMIN, B .SC, Ph.D., F.I.A., F.S.S. [Pp. 354. London: George Allen and Unwin Ltd. Price 56s. net.] Although this book is intended primarily to assist medical officers of health, administrators of welfare ... read more >>
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- Author:
- Hayward, R E
- Source:
- Transactions of the Faculty of Actuaries [TFA] (1958-1960) 26: 254-256
Note on industrial assurance lapse rates
In order to calculate the rates of forfeiture without grant of free policy or cash surrender value, the Industrial Assurance Commissioner divides the number of such lapses in a calendar year by the number of policies taken up in that year. The purpose of ... read more >>
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- Author:
- Donald, D W A
- Source:
- Transactions of the Faculty of Actuaries [TFA] (1958-1960) 26: 368-374
The calculation of yields (Actuarial note)
368 ACTUARIAL NOTE ON THE CALCULATION OF YIELDS by D. W. A. DONALD, O.B.E., T.D., F.F.A. 1. In the theoretical study of compound interest it is an implicit assumption that the financial conditions which prevail when a trans- action is made will ... read more >>
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- Author:
- Critchley, D.
- Source:
- Journal of the Institute of Actuaries Students' Society [JSS] (1960) 16(1): 23-39
Some practical points of investment procedure
SOME PRACTICAL POINTS OF INVESTMENT PROCEDURE by D. CRITCHLEY (A paper discussed at a Junior meeting of the Society on 30 October 1959) T H I S paper is not intended either to be an exhaustive treatise on investment department practice, or to give the ... read more >>
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- Author:
- O'Brien, C. M.
- Source:
- Journal of the Institute of Actuaries Students' Society [JSS] (1960) 15(6): 381-398
The schedules to the Assurance Companies Act, 1909
THE SCHEDULES TO THE ASSURANCE COMPANIES ACT, 1909 by C. M. O'BRIEN (A paper discussed by the Society on 6 January 1959) PREFACE THESE remarks were set down in 1958 before the Insurance Companies Act 1958 was enacted. The new Act is a consolidating Act ... read more >>
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- Author:
- Lane, R. C. B.
- Source:
- Journal of the Institute of Actuaries Students' Society [JSS] (1960) 16(1): 48-62
Friendly societies and the actuary
FRIENDLY SOCIETIES AND THE ACTUARY by R. C. B. LANE (A paper discussed at a Junior meeting of the Society on 15 January i960) O N being asked to prepare something on Friendly Societies for the Students' Society it seemed reasonable to attempt two ... read more >>
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- Author:
- Beard, R. E.
- Source:
- Journal of the Institute of Actuaries Students' Society [JSS] (1960) 15(6): 399-421
Three Rs of insurance - risk, retention and reinsurance
R. E. BEARD (A paper discussed before the Society on 6 March 1959) INTRODUCTION JUST over four years ago I had the pleasure of presenting a paper to the Students' Society on some aspects of non-life insurance {J.S.S. 13, 139) and I would first like to ... read more >>
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- Source:
- Journal of the Institute of Actuaries Students" Society [JSS] (1960) 16(1): 63
Reviews
REVIEW Demography, 3rd ed. By PETER R. COX, F.I. A., F.S.S. [Pp. xiv + 346. Cambridge University Press. 1959. Price 25s.] That a third edition of the Institute's text-book on Demography should be needed nine years after the book was first published, ... read more >>
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- Author:
- Institute of Actuaries Students' Society
- Source:
- Journal of the Institute of Actuaries Students' Society [JSS] (1960) 15(6): 455-459
Report and accounts, 1958-1959
THE INSTITUTE OF ACTUARIES STUDENTS' SOCIETY: REPORT AND ACCOUNTS Report by the Committee for the Session 1958-59 T H E membership of the Society on 30 June 1959 was as follows: Fellows Associates Students 675 " 5 229 Eleven meetings were held during ... read more >>
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- Author:
- Benjamin, B; Elrick, W; Haycocks, H W; Johnson, P D
- Source:
- Journal of the Institute of Actuaries [JIA] (1960) 86: 96-100
Articles, papers and publications of actuarial interest
96 ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST BY B. BENJAMIN, PH.D., F.I.A., W. ELRICK, F.I.A., H. W. HAYCOCKS, B.Sc. (ECON.), F.I.A., AND P. D. JOHNSON, M.A., F.I.A. LLOYDS BANK REVIEW New Series, No. 55, January 1960 W. M. D. ... read more >>
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- Author:
- Rowell, A H
- Source:
- Journal of the Institute of Actuaries [JIA] (1960) 86: 329-332
Besant, Arthur Digby (Photograph)
ARTHUR DIGBY BESANT (Facing p. 329) ... read more >>
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- Author:
- Barnett, H A R
- Source:
- Transactions of the Faculty of Actuaries [TFA] (1958-1960) 26: 115-119
Population mortality and assured lives' mortality in Great Britain - a comparison of trends
This report is a continuation of an earlier report and is the outcome of research undertaken by the author on behalf of the Joint Mortality Investigation Committee. 115 POPULATION MORTALITY AND ASSURED LIVES’ MORTALITY IN GREAT BRITAIN —A COMPARISON OF ... read more >>
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- Author:
- Beard, R E
- Source:
- Journal of the Institute of Actuaries [JIA] (1960) 86: 296-307
An integral related to the confluent hypergeometric function
In the course of preparing a paper dealing with statistics relating to fire insurance (Beard, 1957) the need arose to find numerical values of the confluent hypergeometric function for parameter values well outside any tabulated range, and this note is ... read more >>
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- Author:
- Cox, P R; Martin, L V
- Source:
- Journal of the Institute of Actuaries [JIA] (1960) 86: 69-79
The mortality of Post Office pensioners
Most of the 350,000 persons who are actively engaged in the service of the General Post Office are established civil servants to whom the provisions of the Superannuation Acts, 1834-1957, apply. Arrangements for pensioning civil servants when they retire ... read more >>
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- Source:
- Journal of the Institute of Actuaries [JIA] (1960) 86: 226-230
Reviews
226 REVIEWS Royal Commission on Doctors’ and Dentists’ Remuneration, 1957–1960: Report (Cmnd. 939). [Pp. xii + 346. London: Her Majesty’s Stationery Office, 1960. 15s.] NOT the least of the problems of the introduction of a fully comprehensive ... read more >>