Document library
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GN3: Certificates for Occupational Pensions Board. Version 1.1 [1982-1983]
This pensions Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. Faculty and Institute of ... read more >>
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GN5: Actuaries advising insurers in countries overseas. Version 1.1 [1982-1983]
This life insurance Guidance Note has been retained by the Actuarial Profession. Faculty and Institute of Actuaries Guidance Note GN5v1.1(?) [1982-83] ACTUARIES ADVISING INSURERS IN COUNTRIES OVERSEAS [This guide was first issued as a circular to members ... read more >>
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Notes on the Transactions of the Faculty of Actuaries (1984)
NOTES ON THE TRANSACTIONS OF THE FACULTY OF ACTUARIES 38, 3 (No 264) 1982 McCUTCHEON, J. J. Graduation of the Experience of Female Assured Lives 1975-78. (Preliminary Report on behalf of the C.M.I. Committee). Continuous Mortality Investigation ... read more >>
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Woolhouse's formula in relation to piecewise polynomial functions
63 WOOLHOUSE’S FORMULA IN RELATION TO PIECEWISE POLYNOMIAL FUNCTIONS by J. J. McCUTCHEON, M.A., Ph.D., F.F.A. 1. INTRODUCTION Generations of actuarial students have been confronted at an early stage of their careers with Woolhouse’s formula, ... read more >>
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Notes on the Financial Times-Actuaries British Government Securities Indices in 1979
77 NOTES ON THE FINANCIAL TIMES– ACTUARIES BRITISH GOVERNMENT SECURITIES INDICES IN 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 ... read more >>
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Notes on other actuarial journals
NOTES ON OTHER ACTUARIAL JOURNALS BY S. M. COUTTS, M.Sc., F.I.A., F. W. ESCHRICH, F.I.A., AND D. F. RENN, Ph.D., F.I.A. FRANCE Bulletin Trimestriel de l’Institut des Actuaires Français 311 (June 1980) This bulletin contains a paper on the impact of ... read more >>
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Notes on the Journal of the Institute of Actuaries, vol. 107
337 NOTES ON THE JOURNAL OF THE INSTITUTE OF ACTUARIES VOL. 107, PART I, No. 434 (1980) Sir Kenneth Berrill. Alfred Watson Memorial Lecture—The Social Implications of Advancing Technology (pp. 1-9). P. G. Moore. Are Objectivism and Subjectivism ... read more >>
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Notes on the Financial Times-Actuaries British Government Securities Indices in 1980
327 NOTES ON THE FINANCIAL TIMES– ACTUARIES BRITISH GOVERNMENT SECURITIES INDICES IN 1980 by A. D. WILKIE, M.A., F.F.A., F.I.A. and J. E. PATERSON, B.Sc., F.F.A. 1.1 This note continues the series started in 1976, of which the last previous was ... read more >>
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Lochead, Robert Knight (Memoir)
MEMOIR ROBERT KNIGHT LOCHHEAD Bob Lochhead in his mid-eighties was outstandingly well informed and vigorous in expression; his vitality and continuing interest in the profession made him a bridge to a previous generation of actuaries. He loved ... read more >>
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Table making and interpolation
The examination syllabus no longer contains any reference to finite differences, interpolation (either direct or inverse) or the construction and checking of mathematical tables. Even when some of these subjects were included they were handled by methods ... read more >>
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Correspondence
EXPOSITORY ARTICLE II CREDIBILITY THEORY by G. J. M. SHAW ACTUARIES often need to construct a mathematical model, repre- senting the expected future experience of a group of risks, where the data available from the group are not large enough to provide ... read more >>
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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. GERMANY Blätter der Deutschen Gesellschqft für Versicherungsmathematik, 12, 1975 RICHTER, H. Die ... read more >>
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Compound interest in the seventeenth century
Richard Witt’s Arithmeticall Questions, published in 1613, was a landmark in the history of compound interest. In a previous paper (JIA, 96) I have described the book and attempted to show why it is so important. This article sets out some ... read more >>
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Determination of internal rate of return in respect of an arbitrary cash flow
Another solution to the problem discussed by Mr G C Taylor (JIA, 107) JOHN KNOX’S PLAN FOR INSURING LIVES: A PATENT OF INVENTION IN 1778 BY D. f. RENN, F.J.A. STAPLE INN and the Patent Office are only separated by the width of a garden, and it might ... read more >>
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Corrigendum, TFA 36, 203
336 CORRIGENDUM R. C. Gilder has pointed out an error in the paper by G. M. Dobbie and myself. “ The F. T.–Actuaries Fixed Interest Indices “, J. I. A. 105, 15 and T.F.A. 36, 203. In paragraph 6.5 the formula explaining how “ sliders ” are dealt ... read more >>
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Notes on other actuarial journals
NOTES ON OTHER ACTUARIAL JOURNALS FRANCE Bulletin Trimestriel de l’Institut des Actuaires Français 312 (September 1980) This bulletin contains an article on building insurance and a study of the correlation between consumption of tobacco and various ... read more >>
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The recent trend of mortality in Great Britain
This note continues an annual series on mortality rates in Great Britain; the previous note in the series appeared in JIA 107 and dealt with mortality in 1978. THE RECENT TREND OF MORTALITY IN GREAT BRITAIN BY C. D. DAYKIN, M.A., F.I.A., F.S.S. THIS ... read more >>
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Iterative solution of the interest rate in a financial transaction: the hyperbolic method
This note describes an iterative method for determining the root of an equation, based on the assumption that the curve representing the equation is a rectangular hyperbola near the root. The method was derived for use in calculating the interest rate ... read more >>
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Report of the Institute of Actuaries and Faculty of Actuaries Joint Working Party on the valuation of group business
The working party was established in April 1978 with the following terms of reference. To consider appropriate methods of valuation for the classes of group business set out below having regard, inter alia, to the proposed rules for valuing long-term ... read more >>
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Notes on the Transactions of the Faculty of Actuaries
97 NOTES ON THE TRANSACTIONS OF THE FACULTY OF ACTUARIES VOL. xx, PART 3 (No. 176), 19.52 Mortality of Life Ofice Annuitants, pp. 263-354. The Report of the Joint Mortality Committee, and a report of the discussion atthe Faculty with an abstract of ... read more >>