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I. On a Method for determining the Gain or Loss from Mortality in an Annuity Company. II. On a Means of Calculating the Expected Death-Strain in a Life Office

Published online by Cambridge University Press:  18 August 2016

Gerald H. Ryan
Gerald H. Ryan
Affiliation:
Institute of Actuaries Royal Exchange Assurance
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Extract

Every student of actuarial literature can call to mind the writings of leading experts that deal with the methods to be employed in order to ascertain what pecuniary profit or loss has resulted from the mortality experienced by a life assurance company. In this path of knowledge, Mr. C. D. Higham may be said to have been, if not the first to tread the soil, at least the earliest to write, for the benefit of the community, a record of his travels. Certain it is that since his paper on the “Value of the Death-Strain” (J.I.A., xx, 153), the importance of considering the true amount rather than the nominal amount at risk in such investigations as I have referred to, has been freely recognized and acted upon; and the death-strain as a function in actuarial matters has been much written and talked about.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 30 , Issue 3 , October 1892 , pp. 189 - 201
Copyright
Copyright © Institute and Faculty of Actuaries 1893

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References

* The other columns of the usual valuation schedules have been omitted, as having no special hearing on the subject of this note. In the case of a company making reductions of premiums to any material extent, columns would have to be added, both to the valuation and mortality experience sections of the above form.