Document library
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Investment Risks Working Party report
An insurance company must maintain sufficient reserves and provisions to cover the following risks: Technical Risks; Investment Risks and Other Risks. There were three working parties, each one concentrating on one of the above three categorisations. The ... read more >>
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Inflation
When an underwriter considers a revision of premium rates for a particular class of business he is forced, either implicitly or explicitly, to make a number of assumptions regarding the future progress of the account. If he were able accurately to predict ... read more >>
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Reinsurance and other aspects. Solvency Working Party report
The subject of reinsurance and particularly its solvency aspects is a most appropriate one for study at the present time in view of the generally agreed weakness of the world reinsurance market. This is fairly typically summed up in the following quotation ... read more >>
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The Statutory Duties of the Actuary. Version 7.0
Faculty and Institute of Actuaries Statutory Duties SD v7.0 ([1981-1982]) PART TWO THE DUTIES OF ACTUARIES AND PROFESSIONAL CONDUCT THE ACTUARY AND THE PUBLIC Members of the public would be well advised to seek professional actuarial guidance on a number ... read more >>
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Corrigenda to JIA 107, Parts 2, 3 and 4
CORRIGENDA J.I.A. 107, Part II P. 103, §1.3, line 1: Working Partly should read Working Party. J.I.A. 107, Part III P. 213, The correction to P. 309 (of J.I.A. 106, Part III) in respect of $5.5, Formula (8) should read (8) P.219, line 22: write ... read more >>
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Actuarial programming language
ACTUARIAL PROGRAMMING LANGUAGE BY G. B. SAKSENA For computer programming purposes, it is highly desirable to ‘linearize’ the actuarial functions for which we now use the Halo notation. In the March 1976 issue of The Actuary there appeared a Note on ... read more >>
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Articles, papers and publications of actuarial interest (i)
ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST BY M. D. MAY, M.A., F.I.A., D. F. RENN Ph.D., F.I.A., AND N. WILLIAMS, F.I.A. JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY 31, 6 (June 1980) LAU, H. S. The newsboy problem under alternative ... read more >>
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Articles, papers and publications of actuarial interest (ii)
ARTICLES, PAPERS AND PUBLICATIONS OF ACTUARIAL INTEREST BIRTH STATISTICS 1979 (OPCS Series FM 1 No. 6) Analyses births by season, age of parents, number of previous liveborn children, duration of marriage, area of usual residence, place of ... read more >>
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Understanding pension fund finance, by D D Ezra (Book review)
R E V I E W S An Introduction to Mathematical Risk Theory. By HANS U. GERBER [S. S. Huebner Foundation, R. D. Irwin Inc. Homeward Illinois, 1979] As its title implies, this monograph is a textbook on mathematical risk theory. The material has been ... read more >>
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Early uses of Graunt's life table
The first life table was a brilliant ‘guesstimate’ by John Graunt (1662) based on mortality data analysed by cause of death but not by age or sex. It was over thirty years before Halley (1693) constructed a table to show ‘the odds that there is, that a ... read more >>
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The duration of sickness
The object of the experiment described in this note was to discover for the duration of sickness a simple formula analogous to those of Gompertz and Makeham for the duration of life. Mortality per se does not enter into the calculations, so that to avoid ... read more >>
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Consumer credit calculations
In 1968 the government of the day set up a committee under Lord Crowther to carry out a wide-ranging review of consumer credit. At that time only a few aspects of this complex field were covered by legislation and there was a minimal degree of control and ... read more >>
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Notes on the Financial Times-Actuaries Equity Indices in 1979
NOTES ON THE FINANCIAL TIMES--ACTUARIES EQUITY INDICES IN 1979 B Y J. C. H. BRUMWELL, M.A., F.I.A. 1. Classification of S t o c k E x c h a n g e Securities b y I n d u s t r y The original classifications were set out ... read more >>
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Notes on other actuarial journals
NOTES ON OTHER ACTUARIAL JOURNALS BY F. W. ESCHRICH, F.I.A., J. A. MCKINNELL, B.Sc., F.I.A., AND R. A. SOWARD, B.A., F.I.A. FRANCE Bulletin Trimestriel de l’Institut des Actuaires Français 308 (September 1979) This bulletin contains an article on ... read more >>
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The Financial Times-Actuaries British Government Securities Indices, 1979
THE F.T.-ACTUARIES BRITISH GOVERNMENT SECURITIES INDICES, 1979 BY A. D. WILKIE, M.A., F.F.A., F.I.A. 1. INTRODUCTION 1.1. This note continues the series started in 1976, of which the last previous was “F.T.-Actuaries British Government Securities ... read more >>
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Report and accounts, 1979-1980
THE INSTITUTE OF ACTUARIES STUDENTS' SOCIETY STAPLE INN HALL, HIGH HOLBORN, LONDON, WC1V 7QJ Report of the Committee presented at the Annual General meeting on 17 October 1980 THE Committee submits its Report on the work of the Society during the ... read more >>
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The Financial Times-Actuaries British Government Securities Indices, 1979
315 NOTES ON THE FINANCIAL TIMES– ACTUARIES EQUITY INDICES IN 1980 by J. C. H. BRUMWELL, 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 (T.F. A., ... read more >>
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Notes on the Financial Times-Actuaries Equity Indices in 1979
Charles Jellicoe, Hon. Editor of J.I.A., 1850-1867 THE INSTITUTE OF ACTUARIES THE FIRST CENTENARY OF J.I.A. J.I.A. is one hundred years old in September 1950, but it did not become the official record of the Institute of Actuaries until October ... read more >>
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Notes on other actuarial journals
88 Notes on the Journal of the Institute KENNETH KILPATARICK WEATHERHEAD, M.A., F.F.A., F.S.A., F.C.I.I. 1898-1979 After a very short illness Kenneth Weatherhead died on 26th September 1979, a man full of years who had gained the highest esteem in ... read more >>
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Notes on other actuarial journals
NOTES ON OTHER ACTUARIAL JOURNALS BY F. W. ESCHRICH, F.I.A. AND R. A. SOWARD, B.A., F.I.A. FRANCE Bulletin Trimestriel de l’Institut des Actuaires Français 306 MASNOU, L. Evolution des probabilités en circulation routière en France et comparison ... read more >>