On the Causes of Insolvency in Life Insurance Companies, and the best means of detecting, exposing and preventing it

Extract

If, a few years ago, a paper had been offerd to the British Association on the subject ov the insolvency of life insurance companies, it woud probably hav been met with the objection that it was ov too theoretical a character. No life insurance company in the contry had ever been knoen to becom insolvent, and ther was no reason to anticipate that such a catastrofy woud ever occur. The well knoen remark ov the late Prof. De Morgan miht probably hav been quoted, that ther is nothing at all comparabl in point ov security with a well establisht and prudently conducted life insurance company.