Excerpt from An Elementary Lecture on the Theory of Life Assurance: Delivered at a Meeting of the Birmingham Insurance Institute, 11th January, 1889
No doubt, as regards its scope, the Lecture is open to the criticism that it attempts at once too much and too little. I hope, however, that it may still be found useful to the class for whom it was more particularly intended, viz., the Branch Managers and other Branch Officials who have but limited time and energy for study, but to whom it is so very important, in discussing Life Assurance daily with the general public, to know something of the theory of their business. To such, even if they do not master the whole, it must surely be useful to have a general inkling of the difficult problems which lie behind most pages of the prospectus, and which need much delicacy in daily treatment if the public are not to be misled.
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Paperback. Condition: New. Print on Demand. This book delves into the fascinating world of life assurance, a subject that has captivated thinkers and practitioners for centuries. Written for those seeking a deeper understanding of this essential financial practice, the author guides readers through the complex interplay of probability, interest, and mortality. The book's exploration of life assurance begins with a foundation in compound interest and the principles of probability, before weaving these elements together to reveal the intricate workings of this financial system. Readers will discover how actuarial tables are constructed and utilized, gleaning valuable insights into the statistical foundations upon which life insurance rests. The author further examines the contrasting approaches to valuation, comparing the method of valuing actual office premiums with the method of valuing theoretical pure premiums. The book ultimately sheds light on the crucial role that actuaries play in safeguarding the financial stability and ethical conduct of insurance institutions, offering a valuable glimpse into the core concepts that govern the world of life assurance. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781331895619_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331895619
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331895619
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Seller: Buchpark, Trebbin, Germany
Condition: Sehr gut. Zustand: Sehr gut - Gepflegter, sauberer Zustand. | Seiten: 52 | Sprache: Englisch | Produktart: Bücher. Seller Inventory # 26008891/2
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