The Development of Insurance Mathematics: Two Lectures Delivered Before the Students in the School of Commerce of the University of Wisconsin, the Fall Term of 1901 (Classic Reprint) - Hardcover

Miles Menander Dawson

Hardcover

ISBN 10: 0267425848 ISBN 13: 9780267425846

Publisher: Forgotten Books, 2018

Synopsis

A clear, engaging history of how insurance mathematics grew from early tables to modern theory and practice, explained for everyone curious about actuarial ideas.

In this early 1900s lecture series, the development of actuarial science is traced from its roots in mortality tables to the practical methods used in life insurance today. It shows how thinkers and surveys shaped the way value, risk, and longevity are understood and computed.

The book highlights pivotal figures, from Halley and de Witt to De Moivre, Simpson, and Makeham, and explains how their ideas evolved into tools used by actuaries, insurers, and regulators. It also covers the rise of professional organizations and standard references that guided the field for generations.

• Origins of mortality tables and the shift from theory to computation
• Key contributions by early demographers and mathematicians
• The commutation method and its impact on valuing life annuities
• Institution-building and the development of actuarial science as a profession

Ideal for readers of history of mathematics and students of actuarial science, as well as anyone curious about how life contingencies became a practical science.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0267425848
• ISBN 13: 9780267425846
• Binding: Hardcover
• Number of pages: 40