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Highlight historical books and manuscripts

A selection of highlight books and manuscripts held by the Institute and Faculty of Actuaries (IFoA) in its special historical collections

Please consult Books, Manuscripts and Documents Dating Before 1901 in the Libraries of the Institute and Faculty of Actuaries for a full catalogue listing of our holdings that is updated annually with additions to the collection.

Manuscripts 

Frederick Hendriks' 'Research notes relating to the discovery in 1851 of Johan De Witt's treatise on life annuities, 1671' contains autograph letters with European politicians and documents, translations from the Dutch, that led to his articles 'Contributions to the history of insurance, and the theory of life contingencies', Journal of the Institute of Actuaries I and II (1851, 1852). 

Original works of Thomas Bayes, James Dodson, Richard Price and William Morgan feature in the Archive of the Equitable Life Assurance Society acquired by the UK actuarial profession in 2006. There are holdings of examples of early mathematical practitioners considering compound interest in the accumulation of funds, and commutation tables calculated by actuaries investigating company mortality data. 

Separately the library has obtained small sets of letters by Richard Price concerning actuarial questions ca. 1778 and by Benjamin Gompertz who in the 1820s first explored a common law of the force or intensity of mortality over the course of life.

Mathematics 

Coverage includes works of probability and logarithm tables, from the 17th to 19th centuries. These are some of the rarest books in the Library and are items cited in English Short Title Catalogue bibliographies: 

  • Ian Trenchant, L'Arithmetique (1558)
  • Ludolph Van Ceulen, Van den Circkel (1596) on compound interest
  • John Napier, Mirifici logarithmorum canonis descriptio (1614); Mirifici logarithmorum canonis constructio (1620); Rabdologiae, seu numerationis per virgulas libri duo (1617) on logarithms
  • Pierre-Rémond de Montmort, Essay d'analyse sur les jeux de hasard (1708; and 1713 editions)
  • Nicolaas Struyck, Uytreekening der kanssen in het speelen, door de arithmetica en algebra, beneevens een vehandeling van looteryen en interest... [1716]
  • Abraham De Moivre, The Doctrine of Chances (1718, 1738 and 1756 editions)
  • Thomas Bayes, Notebook c.1747-1761
  • Charles Babbage, Specimen of logarithm tables printed with different coloured inks on variously coloured papers (1831) has a manuscript note 'only 1 copy having been printed' and a letter presentation to W. Streatfield'.

Mortality analysis 

  • John Graunt, Natural and political observations mentioned in a following index and made upon the Bills of Mortality (1662, and editions of 1665, and posthumously 1676). This is considered a breakthrough in statistical history for signalling how parish record data might be used to estimate population size (and men able to bear arms) and survival to age bands
  • Company of Parish Clerks of London, London's dreadful visitation. Or, A Collection of all the Bills of Mortality for the present year... (1665) at the time of the Great Plague
  • John Smart, 'An account of the number of persons dying at the several ages under mencioned [sic] as published by the Company of Parish Clerks, in the Yearly Bills of Mortality…’ [years 1728-1741] was appended in 1738 to Smart’s earlier work, Tables of interest, discount, annuities &c. 2nd ed., 1726. Smart was first to analyse the London Bills of Mortality after age of death began to be recorded from 1728; he presented his findings through the Royal Society in a letter ‘shewing the probabilities of life in order to estimate annuities &c.’ in 1738. Further analysis has been added by another for the years 1742-1771
  • Corbyn Morris, Observations on the past growth and the present state of the City of London (1751) was the work on the London Bills of Mortality that informed James Dodson as he first outlined how premiums could be set according to age commercial life assurance based on actuarial mathematics
  • Nicolaas Struyck, Inleiding tot de de algemeene geographie beneevens eenige sterrekundige en andere verhandelingen (1740) contains 'Appendix to the conjectures on the state of the human race and the calculation of annuities' (in Dutch) in which he first discerned from Holland's state tontine registers that male and female mortality (and life expectancy) could be separately observed 
  • Antoine Deparcieux, Essai sur les probabilités de la durée de la vie humaine; d'où l'on déduit la manière de déterminer les Rentes Viagères, tant simples qu'en tontines: précédé d'une courte Explication sur les Rentes à Terme, ou Annuités; et accompagné d'un grand nombre de Tables. Paris: Guérin, 1746. ‘Géometre’ Deparcieux analysed the mortality experience from tontine registers and that of nuns of convents, his tables becoming much relied upon for appraisal of financial schemes contingent on life in Europe.

Theory and practice of life assurance and annuities 

  • Abraham De Moivre, Annuities upon lives (1725) - arguably a first textbook on actuarial questions 
  • Alexander Webster, Robert Wallace, Colin Mclarin, Calculations with the principles and data on whcih they are instituted: relative to a late Act of Parliament entitled, an Act for raising and establishing a Fund for the provision for the widows and children of the ministers of the Church and of the heads, principals and masters of the universities of Scotland (1748)
  • Richard Price, Observations on reversionary payments, 1st ed. (1771) and later editions
  • Charles Babbage, A comparative view of the various institutions for the assurance of lives (1826).

Non-life insurance 

  • Corbyn Morris, An essay towards the Science of Insurance ... (1747) applied binomial theorem to assess matters of marine insurance.

Insurance prospectuses and promotional leaflets

This collection is said to have started with the gift from the Clerical, Medical and General Assurance Society of a bound volume of various companies' prospectuses (with reports to policyholders and specimen policy conditions) trawled from the period 1832-1851. Another set is in three volumes bound by the Colonial Life Assurance Company in 1846 covering English, Irish, Scottish and foreign offices. Also, there is a volume of statutes of French and German insurance companies of the 1850s.

Pamphlets have been bound in a series of 'Tracts' covering mainly nineteenth-century papers on life assurance, statistics, friendly societies, mortality rates with some Dutch, French and German insurance literature. They include a collection bought in 1880 from Cornelius Walford (1827-1885), author of The Insurance Cyclopaedia ... (volumes I-V: Aba - Han) (1871-1880). Some 'Tracts' pamphlets listed in 1907 have been later disbound but all are traceable using the Library database catalogue.

Newmarch collection 

The Royal Statistical Society has deposited six volumes of pamphlets - mainly on life assurance bequeathed by William Newmarch F.R.S.S. (1820-1882), Manager of Glyn Mills and Company Bank - with the Institute Library upon permanent loan.

Journals and periodicals 

The London library holds several current journals of American and European actuarial associations. Its historical holdings include Post Magazine (weekly news on the insurance industry) from 1849 onwards and Transactions of the International Congress of Actuaries from 1895.

Faculty of Actuaries Collection (Edinburgh University Library)

Some 1500 catalogued items of the former Faculty's historical collections are deposited at Edinburgh University Library. Significant among these are sets of 19th century prospectuses of life asssurance societies originating in Scotland, and original early 17th centrury publications of John Napier on logarithms.

Equitable Life Archive 

The Institute and Faculty acquired the Archive of the Equitable Life Assurance Society dating from 1762 to 1950 and associated historical research in 2006. The Society was the first to practise actuarial science in insurance and the Archive takes a special place in the profession's heritage.

Archive of the IFoA

Since it began, originally by the foundation of the Institute of Actuaries in 1848 (Royal Charter, 1884) and then of the Faculty of Actuaries in 1856 (Royal Charter, 1868), the UK actuarial profession has fostered production of education textbooks for student actuaries and technical papers dedicated to its subject field through the Journal of the Institute of Actuaries (1951-1994) and Transactions of the Faculty of Actuaries (1901-1994) - now the British Actuarial Journal since 1995. The achievements of leading figures and professional committees in contributing to legislation with appropriate public interest roles for actuaries can be traced through the respective Yearbooks and Members Handbooks of the two organisations. 

London and Edinburgh offices retain series of former Faculty and Institute council and committee and general meeting minute books.

The Libraries also have albums of photographs of actuaries since 1848 with their insurance company associations. 

In 2010, the memberships of the two bodies voted for merger becoming the IFoA.

Contact Details

For any library enquiries please contact:

libraries@actuaries.org.uk

We try to respond to email queries within one working day. Researcher access to historical resources may require notice in advance of visit in order to retrieve items from storage.

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Events calendar

  • KSS event in Glasgow: Public Sector Pensions

    Hymans Robertson, Glasgow 20 Waterloo St, Glasgow
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Stirling: Public Sector Pensions

    M&G Prudential, Stirling Craigforth Campus, Stirling
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Edinburgh: Public Sector Pensions

    Hymans Robertson 1, Exchange Place, Semple St, Edinburgh
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • The Great Risk Transfer – Breakfast briefing and launch event

    Staple Inn Hall, High Holborn London WC1V 7QJ
    31 January 2020

    Fully booked.

     

    Launch of the IFoA’s 2020 thought leadership campaign The Great Risk Transfer. The campaign will examine the trend of the transfer of risk from institutions to individuals, and how people can be better equipped to manage the financial risks they now face. At this breakfast event the IFoA will launch a call for evidence on this topic.

  • Joint IFoA and SOAT Professional Skills Training event - Bangkok

    Thai Life Insurance PCL, 13th Floor, Meeting Room 13/2, 123 Ratchadaphisek Road, Din Daeng, Bangkok 10400, Thailand  
    7 February 2020

    Spaces available

    This session is jointly organised by the Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries of Thailand (SOAT).

    Video case studies will be selected from the IFoA’s 2019/2020 online content which covers a range of topics under an overarching theme of “A Trusted Profession”. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

     

  • Cyber Risk Event

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    10 February 2020

    Spaces available

    What do good cyber practices look like and, to what extent, can we as an industry implement these operationally and recognise these for underwriting?

  • KSS event: Where now for pensions?

    Royal London Group, 1 Thistle Street, Edinburgh, EH2 1DG
    18 February 2020

    Spaces available

    With a single party government at Westminster holding a comfortable majority, and with the first phase of Brexit complete, the potential for radical reforms of the pensions landscape is increased. 

    Former Pensions Minister Steve Webb discusses what changes we can expect to see in pensions including in state pensions, pension tax relief, automatic enrolment and the workplace pension landscape.

  • Sessional: Impact of E-cigarettes Working Party

    Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ
    24 February 2020

    Spaces available

    This sessional meeting will be of direct interest to actuaries and others working in the in the Health and Care, Life or Pensions sectors or indeed actuaries with an interest in morbidity or mortality. Note: Registration is from 17.30 in time for the sessional to begin at 18.00.

  • Spaces available

    Investors globally are embracing ESG but what does this involve and can ESG be measured? Louise Dudley, Global Equity Portfolio Manager at Hermes Investment Management will outline the taxonomy often used when talking about ESG (exclusion, screening, engagement, sustainable, impact, responsible investing), talk about the importance of stewardship and engagement, and showcase evidence to the question as to whether ESG adds va

  • KSS event: How is Scotland’s population changing and what are the implications?

    New Register House, 3 West Register Street, Edinburgh
    5 March 2020

    Spaces available

    The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

  • Highlights of the Life Conference 2019 - London

    America Square Conference Centre, 17, One Crosswall, America Square, London EC3N 2LB  
    11 March 2020

    Spaces available

    This event will cover the highlights from last year's Life Conference 2019 held in Dublin. The Conference Committee has reviewed session feedback and has put together a high-quality technical programme featuring the best-reviewed sessions from the conference. Book now to ensure your place.

  • Board agenda: Why Responsible Investing, ESG, and Climate Change matters to Pension Funds, Companies

    Staple Inn, 4 High Holborn, Holborn, London. WC1V 6DR, UK
    19 March 2020

    Spaces available

    Recent years have seen ESG, Climate Change, and Responsible Investing thrust onto the corporate agenda in every boardroom. The same also be said for pension funds. Expectations of how companies should respond are high and NEDs on Boards are expected to adapt and adjust their guidance to companies accordingly. What does this mean for Actuaries serving as NEDs and Trustees?

  • KSS event: A Cashless Society- Benefits, Risks, Issues and Developments

    Deloitte, 4th Floor, Saltire Court, 20 Castle Terrace
    19 March 2020

    Spaces available

    Speaker: Iain Collier, Chair of the CSWP

    The talk will look to cover the following: Progression towards a Cashless Society • Developments home and overseas • Benefits, Risks and Issues • Crypto Currencies and Central Bank Digital Currencies.

    There will be an extended Q&A session at the end of the event.

  • Spaces available

    What are the advantages of using artificial intelligence (AI) in investing? What are the differences between traditional quant and AI? This new webinar, part of a series of four webinars leading to the annual Finance & Investment Conference 2020, discusses challenges and the future of AI in the investment sector.

    We will look at:

  • Spring Lecture 2020, Edinburgh - Vicky Pryce

    Assembly Rooms, 54 George St, Edinburgh EH2 2LR
    25 March 2020

    Spaces available

    The Brexit Budget: What next for the UK economy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming at Staple Inn - Vicky Pryce

    Staple Inn Hall, High Holborn, London, WC1 V 7QJ
    25 March 2020

    Spaces available

    This event will be live streamed from Edinburgh. 

    The Brexit Budget: What next for the UK economy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming

    Webinar
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us on 25 March 2020 for the live stream of our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • SIAS Event: CMI Update

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    1 April 2020

    Spaces available

    Following the release of the updated CMI Mortality Projection Model, CMI_2019, the CMI Mortality Projections Committee will lead a discussion on future mortality improvements.

  • Finance and Investment Conference 2020

    Royal College of Physicians, 11 St Andrews Pl, London NW1 4LE
    05-05 May 2020
    Spaces available

    Join us at this year’s Finance and Investment Conference in London that will focus on ESG. The environmental, social and governance (ESG) space is growing rapidly and increasingly moving centre stage. In many cases, it is now an essential part of policy and central to the way stakeholders make decisions for the long term to ensure retention of clients, manage risk better, and ensure more economically efficient and sustainable investment returns.

    ESG factors cover a wide range of areas reflecting how vital consideration of these factors are part of wider systemic risks.

  • Protection, Health and Care Conference 2020

    The Grand Brighton, 97-99 Kings Rd, Brighton BN1 2FW
    02-03 June 2020
    Spaces available

    The Protection, Health and Care Conference is an annual conference aimed at all insurance professionals with a passion for harnessing insurance risk in their organisations. The conference uses a combination of workshops by individuals who work at the coalface and ‘big name’ experts to explore how innovation, technological/medical advances, the political landscape and other market development will impact the Protection, Health and Care markets.

     

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    Join us at the IFoA Asia Conference 2020 at CCEC Nexus, Kuala Lumpur where intellectual thought leaders, senior industry players, opinion formers, academics, actuaries and non-actuaries from across Asia and beyond are expected to attend. This year's landmark conference promises to an exciting one as our first Asian President-elect, Tan Suee Chieh will, as newly appointed president of the IFoA, use his presidential address to highlight the two key pillars of the IFoA’s emerging strategy:

    • the reinvention of the profession in terms of its skillsets and mind-sets so that we can thrive in an increasing range of domains in a digital age;
    • the widening application of actuarial science in achieving social impact and sustainability goals.

    We are also delighted to announce that the Honourable Mr. Lim Guan Eng, Minister of Finance, Malaysia, will be the guest of honour at this year's conference.

    Early bird registration is now open until 1 March.  10% group discounts are offered to a minimum of six IFoA members booking in a single transaction.  Limited spaces are available, so please sign-up early to avoid disappointment.