Document library
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Balanced incomplete block designs
J.I.A. 119, II, 379–381 REVIEWS The Biology of Life Span: a Quantitative Approach. By L. A. GAVRILOV and N. S. GAVRILOVA (Harwood Academic Publishers) £62. The authors, a husband and wife team, have produced an interesting and carefully argued book ... read more >>
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Sickness: a stochastic process
The theory surrounding sickness rates has received little attention in the United Kingdom during the past two decades. This may be a consequence of the assumption by the British Government of the role of principal insurer against sickness, and the ... read more >>
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Report and accounts, 1967-1968
78 ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST BY B. BENJAMIN, PH.D., F.I.A., H. W. HAYCOCKS, B.SC.(ECON.), F.I.A.,P. D. JOHNSON, M.A., F.I.A., AND A. L. THWAITES, F.I.A. Inflation. Proceedings of a Conference held by the International ... read more >>
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Mortality at the oldest ages
The general pattern of mortality in England and Wales in the present century is well known. Mortality rates have fallen steadily, the proportionate improvement decreasing with increasing age, and being greater for females than males. The position at the ... read more >>
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Reviews
283 REVIEWS Damages for Personal Injuries and Death. BY JOHN MUNKMAN, LL.B. [Fourth Edition. Pp. xxx+258. London: Butterworths, 1970. £2.50.] THE Third Edition of this legal textbook was reviewed in the Journal by the late William Phillips in 1966 ... read more >>
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The British Association for the Advancement of Science. The Durham meeting 1970
99 THE BRITISH ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE THE DURHAM MEETING—1970 THE 132nd Annual Meeting of the British Association for the Advance- ment of Science was held at Durham City from 2 to 9 September 1970. The author attended the ... read more >>
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The First International Congress of Actuaries. 75th Anniversary, 1970
401 NOTES ON THE TRANSACTIONS OF THE FACULTY OF ACTUARIES VOL. 23, PART 3 (No. 188), 1956 Mortality of assured lives, pp. 169.259. The memorandum and discussions (at the Institute and the Faculty) which also appear in J.I.A. 82, 3. The World Population ... read more >>
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Pension preservation
PENSION PRESERVATION by A. R. ESCOLME (A paper discussed by the Society on 9 January 1970) Introduction 1. A great deal of time and energy has been spent over the last twelve months or so on the Government's proposed 1972 State scheme. And rightly so, ... read more >>
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Modern methods of costing insured pension schemes
I CONTINUOUS VALUATION by G. D. GWILT, M.A., F.F.A. [Submitted to the Faculty on 20th October 1969. A synopsis of the paper will be found on page 23.] INTRODUCTION 1. The purpose of this paper is to describe a method of valuation and analysis of ... read more >>
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Notes on the Financial Times-Actuaries Index in 1971
343 NOTES ON THE FINANCIAL TIMES– ACTUARIES INDEX IN 1971 BY J. C. H. BRUMWELL, M.A., F.I.A. 1. Classification of Stock Exchange Securities by Industry in 1971 As a result of quarterly meetings of the Index Constituents & Industrial ... read more >>
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Recent probability results for extreme ages
Consider a very large number of persons, and probability distributions for the age at death of the last survivor, next to last survivor, etc. First, suppose that the persons are statistically independent with the same probability distribution for age at ... read more >>
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Reviews
409 REVIEWS Actuaries and Financial Planning. A special edition published by the Institute of Actuaries Students’ Society. [Pp. vii + 149. Butterworths, London, 1970. 30s.] To most laymen the actuarial profession is a mystery. How often is one ... read more >>
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Notes on the Financial Times-Actuaries Index in 1970
109 NOTES ON THE FINANCIAL TIMES– ACTUARIES INDEX IN 1970 BY J. C. H. BRUMWELL, M.A., F.I.A. 1. 4,000 Classification THE most notable development of the Financial Times-Actuaries Index during 1970, the year under review, was the alignment of the ... read more >>
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Cashflow simulation for evaluating credit risk on corporate bonds
Corporate bonds and privately placed loans constitute a large proportion of the portfolios of several financial institutions. When bonds of a corporation are purchased in the market or loans are granted by some other arrangement, the lender evaluates the ... read more >>
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The British Association for the Advancement of Science. The Exeter Meeting
383 THE BRITISH ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE THE EXETER MEETING THE 131st Meeting of the British Association for the Advancement of Science was held at Exeter from 3 September to 10 September 1969. This is the first time that the ... read more >>
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Notes on other actuarial journals
155 NOTES ON OTHER ACTUARIAL JOURNALS BY H. L. SEAL, B.Sc., PH.D., F.F.A., A.I.A., A.S.A., J. HAMILTON-JONES, M.A., F.I.A., F.S.S. AND F. W. ESCHRICH, F.I.A. FRANCE Bulletin Trimestriel de l’Institut des Actuaires Français, 80, 1969 CANNET, A. ... read more >>
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Report on the Survey of Professional Remuneration, November 1968
The Councils of the Institute and of the Faculty of Actuaries decided to carry out a comprehensive investigation of professional remuneration and in November 1968 Fellows of both bodies who were working full-time in the UK and the Republic of Ireland were ... read more >>
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An arithmetic version of the Financial Times industrial ordinary share option
This paper investigates the recalculation from its base date of the Financial Times Index of Industrial Ordinary Shares (hereafter called the FT Index) using the ordinary arithmetic mean of the values of its constituents, rather than the geometric mean ... read more >>
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The application of the chi-square test of goodness-of-fit to mortality data graduated by summation formulae
In his paper of 1941, Seal included details of some experiments he performed in an attempt to estimate the appropriate number of degrees of freedom for the chi-square goodness-of-fit test of a summation formula graduation. These results are referred to by ... read more >>