Reviews III
Articles of actuarial interest
Notes on the Transactions of the Faculty of Actuaries
The maximum likelihood fitting of the discrete Pareto law
Official publications
Official publications
Official publications
A consistent system of investment and bonus distribution for a life office
The object of this paper is to continue the discussion on the valuation and bonus problems of a life that was recommenced in the recent papers by A. T. Haynes and R. J. Kirton (T.F.A. 31) and by F. M. Redington (J.I.A. 78). Both of these papers were concerned, inter alia, with the principle of matching assets to liabilities or, in Redington’s graphic phrase, of immunizing the life fund against the effects of a change in the general level of interest rates.
The use of statistics as an aid to management control (Alfred Watson Memorial Lecture)
The treatment of sub-standard lives in practice
The purpose of this paper is to provide a basis for a discussion on the treatment of proposals for life assurance on sub-standard lives. To assist in this discussion a body of mortality data in respect of the sub-standard lives of a particular office is presented. The data relate to ordinary life assurances issued in this country subject to a diminishing lien. In the light of these data certain suggestions are made regarding the relative financial importance of the extra mortality of impaired lives in modem conditions.