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Professional Affairs Board

Memorandum on Professional Conduct (MPC). Version 2.2 [1978-1979]

Faculty and Institute of Actuaries Memorandum on Professional Conduct MPC 2.2 [1978-79] MEMORANDUM ON PROFESSIONAL CONDUCT AND PRACTICE* I. INTRODUCTION 1.1. The Institute of Actuaries is a professional body operating under a Royal Charter. Through its ... read more >>

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GN1: Actuaries and long-term insurance business. Version 1.1 [1978-1979]

This life insurance Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the BAS website. Faculty and Institute of Actuaries Guidance Note GN1 v1.1(?) [1978-79] ACTUARIES AND LONG-TERM INSURANCE ... read more >>

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Author:
Sir John Habakkuk
Source:
Journal of the Institute of Actuaries [JIA] (1978) 105: 001-014

The university and vocation (Alfred Watson Memorial Lecture)

ALFRED WATSON MEMORIAL LECTURE THE UNIVERSITY AND VOCATION BY SIR JOHN HABAKKUK THERE is an old distinction between liberal education and professional education; between on the one hand the cultivation of the powers of the mind as an end in itself, ... read more >>

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Author:
Chris Daykin
Source:
Journal of the Institute of Actuaries [JIA] (1978) 105: 079-084

The recent trend of mortality in Great Britain

THE RECENT TREND OF MORTALITY IN GREAT BRITAIN BY C. D. DAYKIN, M.A., F.I.A., F.S.S. MORTALITY rates in Great Britain have been considered in a series of notes, the last of which appeared in J.I.A. 104, 93 and dealt with mortality in 1975. The ... read more >>

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Author:
David Reid
Source:
Journal of the Institute of Actuaries [JIA] (1980) 107: 093-096

Survival probabilities - the goal of risk theory, by Hilary Seal (Book review)

REVIEWS UK & European Share Price Behaviour: the Evidence, by PAUL H. RICHARDS [Kogan Page, 1979] Modern portfolio theory (as it is known in the United States) made its one actuarial appearance in Professor Moore’s paper “Mathematical Models in ... read more >>

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Journal of the Institute of Actuaries [JIA] (1977) 104: 255-258

Reviews

REVIEWS The British Insurance Business 1547–1970. By H. A. L. COCKERELL and EDWIN GREEN [Heinemann Educational Books] THIS short book is a valuable supplement to the authors’ Survey of Insurance Records which emanated from the C.I.I., was sponsored ... read more >>

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Journal of the Institute of Actuaries [JIA] (1977) 104: 247-249

Notes on other actuarial journals

NOTES ON OTHER ACTUARIAL JOURNALS BY J. HAMILTON-JONES, M.A., F.I.A., F. W. ESCHRICH, F.I.A., T. GRIMES, B.Sc., F.I.A., AND F. E. GUASCHI, F.I.A. FRANCE Bulletin de l’Association des Actuaires Diplomés de l’Institut de Science Financière et ... read more >>

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Journal of the Institute of Actuaries [JIA] (1977) 104: 241-246

The 20th International Congress of Actuaries, Tokyo, 1976

THE 20TH INTERNATIONAL, CONGRESS OF ACTUARIES, TOKYO, 1976 THE 20th International Congress of Actuaries was held in Tokyo from 25 October to 1 November 1976: this was the first occasion for the Congress to be held in Asia. For most of those attending ... read more >>

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Journal of the Institute of Actuaries [JIA] (1977) 104: 251-252

Articles, papers and publications of actuarial interest

ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST BY E. J. W. DYSON, M.A., F.I.A., T. GRIMES, B.Sc., F.I.A., M. D. MAY, M.A., F.I.A., D. F. RENN, Ph.D., F.I.A. AND N. WILLIAMS, F.I.A. JOURNAL OF BIOSOCIAL SCIENCE 9, 2, April 1977 POLLARD, G. ... read more >>

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Journal of the Institute of Actuaries [JIA] (1977) 104: 119-122

Reviews

Mortgage Payment Protection Insurance Keith Taylor 119 Insurance Convention 1999 General MORTGAGE PAYMENT PROTECTION INSURANCE Keith Taylor Many insurers have relaunched this product following an initiative in collaboration with the government, the ABI ... read more >>

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Journal of the Institute of Actuaries [JIA] (1977) 104: 122

Review notes

122 Reviews and some of these may be found confusing in that the notation is unfamiliar. All in all a compre- hensive addition to the investment bookshelf. T. J. R. GORDON REVIEW NOTES The fifth edition of P. R. Cox’s Demography (Cambridge ... read more >>

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Journal of the Institute of Actuaries [JIA] (1977) 104: 347-349

Articles, papers and publications of actuarial interest

2000 GENERAL INSURANCE CONVENTION 25-28 OCTOBER STOCHASTIC RESERVING WORKING PARTY 347 GIRO October 2000 Stochastin reserving working party Members: Anders Brix Herve Fagnoni (chairman) Joe Monk Justin skinner Summary: The working party has ... read more >>

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Journal of the Institute of Actuaries [JIA] (1977) 104: 113-117

Articles, papers and publications of actuarial interest

113 A NOTE ON THE ASSURANCE COMPANIES ACTS, 1909 to 1946 [The Assurance Companies Act, 1946, together with the Statutory Rules and Orders issued thereunder, is reproduced on p. 118 onwards.] Object of the 1946 Act THE Assurance Companies Act, 1946, ... read more >>

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Author:
Brumwell, J C H
Source:
Journal of the Institute of Actuaries [JIA] (1977) 104: 99-103

Notes on the Financial Times-Actuaries Equity Indices in 1976

NOTES ON THE FINANCIAL TIMES - ACTUARIES INDEX IN 1976 BY J. C. H. BKUMWELL, M.A., F.I.A. 1. Classification of Stock Exchange Securities by Industry The original classifications were set out in the 1970 note in this series (J.I.A. 97, 111-12). As a ... read more >>

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Transactions of the Faculty of Actuaries [TFA] (1975-1977) 35: 197-198

The Danish Actuarial Society, 75th Anniversary

197 THE DANISH ACTUARIAL SOCIETY 75th ANNIVERSARY The Danish Actuarial Society celebrated on 21st and 22nd May 1976 their 75th anniversary by entertaining actuarial guests from eleven countries. These included Professor Franckx, President of the ... read more >>

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Author:
Fine, A E M
Source:
Journal of the Institute of Actuaries [JIA] (1977) 104: 335-341

The carryforward of unrelieved management expenses

THE CARRYFORWARD OF UNRELIEVED MANAGEMENT EXPENSES BY A. E. M. FINE, M.A., F.I.A., A.S.A. IN § 5.5 of his paper “Pricing and Profitability in a Life Office” (J.I.A. 104, 141) Mr I. C. Smart refers to the valuation of the carryforward of unrelieved ... read more >>

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Author:
Bews, R P; Limb, A P; Morrison, W M; Murray, G M
Source:
Transactions of the Faculty of Actuaries [TFA] (1975-1977) 35: 112

Note on Scottish bankers' mortality and marriage experience, 1950-1966

112 NOTE ON SCOTTISH BANKERS’ MORTALITY AND MARRIAGE EXPERIENCE, 1950–1966 by R. P. BEWS, F.F.A., A. P. LIMB, M.A., F.I.A., W. M. MORRISON, M.A., F.F.A., and G. M. MURRAY, F.F.A. A paper on the above subject was presented to the Faculty on 20th ... read more >>

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Author:
Cornwall, C J
Source:
Journal of the Institute of Actuaries [JIA] (1977) 104: 253-254

Spratling, Francis Herbert (Memoir)

MEMOIR FRANCIS HERBERT SPRATLING FRANK SPRATLING died suddenly on 16 January 1977 aged 69, while still enjoying an active retirement. He was one of the many eminent Old Blues who have adorned the actuarial profession. After 8 years at Christ’s ... read more >>

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Journal of the Institute of Actuaries [JIA] (1977) 104: 119-122

Reviews

REVIEWS Basic Operational Research. By P. G. MOORE. [Pitman Publishing] THIS is the second edition of a book in which Professor Moore has set out to explain the tech- niques of operational research to two classes of reader. On the one hand, he is ... read more >>

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Author:
McCutcheon, J J
Source:
Transactions of the Faculty of Actuaries [TFA] (1975-1977) 35: 297-301

Some elementary life table approximations

In the course of some recent work (cf. reference 2) it proved necessary to construct a life table from a set of graduated values of m(x), the central death rate at exact age x. This meant that values of q(x) had to be derived in order to produce the life ... read more >>