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Actuaries are experts in
assessing risk, so it is not surprising that over the past few years they have become
involved in many new areas of financial planning, including the appraisal of major capital
projects.
In this collection of essays
published to celebrate the Institute of Actuaries' 150th Anniversary, leading experts
describe how actuarial concepts have contributed to many important social and financial
developments, and how these ideas will continue to "make financial sense of the
future."
Even non-mathematicians will
find this book useful in understanding how the scientific bases of the insurance and
pensions industries grew up, and how they work today.
The authors each write from
the perspective of their own special expertise. They include five former presidents of the
Institute of Faculty of Actuaries.
Table of Contents
1. Life, Death and Money.
2. Earliest Days.
3. Social Security and Demography.
4. Occupational and Personal Pensions.
5. Actuaries and Life Insurance.
6. Early Underwriting Practice.
7. The Future of the Actuary.
8. The Actuary and General Insurance.
9. Friendly Societies.
10. Mortality, Behold and Fear.
11. Managing the Money.
420 pages