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On the Approximate Calculation of Valuation Reserves

Published online by Cambridge University Press:  18 August 2016

James Chisholm
Affiliation:
Imperial Life Insurance Company

Extract

In the course of a paper read before the Institute in January 1885 (J.I.A., xxv, 141), I suggested a certain method of making approximate valuations on different bases of the liabilities of a life assurance company under its whole-life policies. Shortly afterwards I had occasion to make a valuation of the liabilities of a particular company, and I took the opportunity of testing the suggested method of approximate valuation by actual comparison of the results arrived at by its application with those derived from a rigidly accurate class valuation, and I have thought that it would be interesting to the members of the Institute to have an explanation of the process employed in making use of the approximate method, and a statement of the results of the comparison.

Type
Discussion
Copyright
Copyright © Institute and Faculty of Actuaries 1889

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References

page 449 note * [Tables for finding the Values of Policies, of all Durations, according to any Table of Mortality or any Sate of Interest. London: C. & E. Layton.]