A History of British Actuarial Thought

Download A History of British Actuarial Thought PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 3319331833
Total Pages : 350 pages
Book Rating : 4.3/5 (193 download)

DOWNLOAD NOW!


Book Synopsis A History of British Actuarial Thought by : Craig Turnbull

Download or read book A History of British Actuarial Thought written by Craig Turnbull and published by Springer. This book was released on 2016-12-07 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first book of its kind, Turnbull traces the development and implementation of actuarial ideas, from the conception of Equitable Life in the mid-18th century to the start of the 21st century. This book analyses the historical development of British actuarial thought in each of its three main practice areas of life assurance, pensions and general insurance. It discusses how new actuarial approaches were developed within each practice area, and how these emerging ideas interacted with each other and were often driven by common external factors such as shocks in the economic environment, new intellectual ideas from academia and developments in technology. A broad range of historically important actuarial topics are discussed such as the development of the blueprint for the actuarial management of with-profit business; historical developments in mortality modelling methods; changes in actuarial thinking on investment strategy for life and pensions business; changing perspectives on the objectives and methods for funding Defined Benefit pensions; the application of risk theory in general insurance reserving; the adoption of risk-based reserving and the Guaranteed Annuity Option crisis at the end of the 20th century. This book also provides an historical overview of some of the most important external contributions to actuarial thinking: in particular, the first century or so of modern thinking on probability and statistics, starting in the 1650s with Pascal and Fermat; and the developments in the field of financial economics over the third quarter of the twentieth century. This book identifies where historical actuarial thought heuristically anticipated some of the fundamental ideas of modern finance, and the challenges that the profession wrestled with in reconciling these ideas with traditional actuarial methods. Actuaries have played a profoundly influential role in the management of the United Kingdom’s most important long-term financial institutions over the last two hundred years. This book will be the first to chart the influence of the actuarial profession to modern day. It will prove a valuable resource for actuaries, actuarial trainees and students of actuarial science. It will also be of interest to academics and professionals in related financial fields such as accountants, statisticians, economists and investment managers.

Law and Society in England 1750-1950

Download Law and Society in England 1750-1950 PDF Online Free

Author :
Publisher : Bloomsbury Publishing
ISBN 13 : 1509931252
Total Pages : 672 pages
Book Rating : 4.5/5 (99 download)

DOWNLOAD NOW!


Book Synopsis Law and Society in England 1750-1950 by : William Cornish

Download or read book Law and Society in England 1750-1950 written by William Cornish and published by Bloomsbury Publishing. This book was released on 2019-10-31 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law and Society in England 1750–1950 is an indispensable text for those wishing to study English legal history and to understand the foundations of the modern British state. In this new updated edition the authors explore the complex relationship between legal and social change. They consider the ways in which those in power themselves imagined and initiated reform and the ways in which they were obliged to respond to demands for change from outside the legal and political classes. What emerges is a lively and critical account of the evolution of modern rights and expectations, and an engaging study of the formation of contemporary social, administrative and legal institutions and ideas, and the road that was travelled to create them. The book is divided into eight chapters: Institutions and Ideas; Land; Commerce and Industry; Labour Relations; The Family; Poverty and Education; Accidents; and Crime. This extensively referenced analysis of modern social and legal history will be invaluable to students and teachers of English law, political science, and social history.

History of the Foundation of the Actuarial Society of America

Download History of the Foundation of the Actuarial Society of America PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 (91 download)

DOWNLOAD NOW!


Book Synopsis History of the Foundation of the Actuarial Society of America by : Actuarial Society of America

Download or read book History of the Foundation of the Actuarial Society of America written by Actuarial Society of America and published by . This book was released on 1903 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Actuary

Download The Actuary PDF Online Free

Author :
Publisher : Hakarimata Press
ISBN 13 :
Total Pages : 350 pages
Book Rating : 4.2/5 (22 download)

DOWNLOAD NOW!


Book Synopsis The Actuary by : K T Bowes

Download or read book The Actuary written by K T Bowes and published by Hakarimata Press. This book was released on 2021-02-10 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Desperate. Destitute. But no longer alone. She’s stayed hidden for six years. What harm could it do to attend her best friend’s wedding miles away from home? But the handsome actuary is the last person she expected to find on the dance floor. He knows who she is and the encounter causes an unwelcome reality check. She must protect her son. Emma made a promise, to hide and stay hidden. From him. But the old chemistry is still there. Just his smile is enough to plunge her back into confusion. So, she does the thing that worked last time. She runs. The journey home to her dismal house in the poorest sector of the city is fraught with danger. Even the taxi driver is too afraid to venture onto the housing estate. Emma is now trapped in a prison of her own making, fearful of a knock on the front door. She knows it’s coming. She knows he’s coming. This time, she has nowhere left to run. And the one who helped her last time is no longer taking her calls. Readers say, “This was impossible to put down.” Keywords related to this novel: english small town romance, british mystery series, british mystery novels, british murder mysteries books, british murder mysteries, british espionage novels, british crime series, british authors mysteries, british mysteries, british romantic suspense, forbidden romance books, forbidden romance, forbidden family bonding, forbidden desires, forbidden attraction, forbidden love, forbidden stepbrother, secret baby for the soldier, secret baby romance, secret baby romance books, injured veteran romance, espionage fiction,

Dealing in Uncertainty

Download Dealing in Uncertainty PDF Online Free

Author :
Publisher : Policy Press
ISBN 13 : 1529221366
Total Pages : 208 pages
Book Rating : 4.5/5 (292 download)

DOWNLOAD NOW!


Book Synopsis Dealing in Uncertainty by : Arjen van der Heide

Download or read book Dealing in Uncertainty written by Arjen van der Heide and published by Policy Press. This book was released on 2023-04-28 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance is an important – if still poorly understood – mechanism for dealing with a broad variety of risks associated with modern life. This book conducts an in-depth examination of one of the largest and longest-established private insurance industries in Europe: British life insurance. In doing so, it draws on over 40 oral history interviews to trace how the sector has changed since the 1970s, a period characterized by rampant financialization and neoliberalization. Combining insights from science and technology studies and economic sociology, this is an unprecedented study of the evolution of insurance practices and an invaluable contribution to our understanding of financial capitalism.

William Morgan

Download William Morgan PDF Online Free

Author :
Publisher : University of Wales Press
ISBN 13 : 1786836203
Total Pages : 288 pages
Book Rating : 4.7/5 (868 download)

DOWNLOAD NOW!


Book Synopsis William Morgan by : Nicola Bruton Bennetts

Download or read book William Morgan written by Nicola Bruton Bennetts and published by University of Wales Press. This book was released on 2020-09-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will be the first full length biography of William Morgan, a founding figure in the development of actuarial science and the insurance business in the UK. This biography explains William Morgan’s role in developing the mathematics that underpin the money management of pension funds. It focuses also on the experiment in which Morgan created an X-ray tube, and examines his outspoken political views and turbulent private life. As well as exploring his public life, this biography uses unpublished family letters to open a window on Morgan’s private life.

William Morgan

Download William Morgan PDF Online Free

Author :
Publisher : University of Wales Press
ISBN 13 : 178683619X
Total Pages : 290 pages
Book Rating : 4.7/5 (868 download)

DOWNLOAD NOW!


Book Synopsis William Morgan by : Nicola Bruton Bennetts

Download or read book William Morgan written by Nicola Bruton Bennetts and published by University of Wales Press. This book was released on 2020-09-15 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: To meet William Morgan is to encounter the eighteenth-century world of finance, science and politics. Born in Bridgend in 1750, his heritage was Welsh but his influence extended far beyond national borders, and the legacy of his work continues to shape life in the twenty-first century. Aged only twenty-five and with no formal training, Morgan became actuary at the Equitable, which was then a fledgling life assurance company. Known today as ‘the father of the actuarial profession’, his pioneering work earned him the Copley Medal, the Royal Society’s most prestigious award. His interests covered a wider scientific field, and his papers on electrical experiments show that he unwittingly constructed the first X-ray tube. Politically radical, Morgan’s outspoken views put him at risk of imprisonment during Pitt’s Reign of Terror. This biography, using unpublished family letters, explores Morgan’s turbulent private life and covers his outstanding public achievements. ‘William spent 56 years at the Equitable Life Assurance Company, where he learnt how to understand and manage financial risk. In 1789, for his work on the mathematics of life assurance, he was awarded the Copley Medal, the Royal Society’s most prestigious decoration. Subsequent generations have hailed him as ‘the father of the actuarial profession’ – recognition of his having established many of the rules and standards on which the science is based.’ Read more about this on page 6 of the Booklaunch https://edition.pagesuite-professional.co.uk/html5/reader/production/default.aspx?pubname=&edid=eacd7c66-df5c-4335-86ee-cad05c826bda

Against Prediction

Download Against Prediction PDF Online Free

Author :
Publisher : University of Chicago Press
ISBN 13 : 0226315991
Total Pages : 345 pages
Book Rating : 4.2/5 (263 download)

DOWNLOAD NOW!


Book Synopsis Against Prediction by : Bernard E. Harcourt

Download or read book Against Prediction written by Bernard E. Harcourt and published by University of Chicago Press. This book was released on 2008-09-15 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: From random security checks at airports to the use of risk assessment in sentencing, actuarial methods are being used more than ever to determine whom law enforcement officials target and punish. And with the exception of racial profiling on our highways and streets, most people favor these methods because they believe they’re a more cost-effective way to fight crime. In Against Prediction, Bernard E. Harcourt challenges this growing reliance on actuarial methods. These prediction tools, he demonstrates, may in fact increase the overall amount of crime in society, depending on the relative responsiveness of the profiled populations to heightened security. They may also aggravate the difficulties that minorities already have obtaining work, education, and a better quality of life—thus perpetuating the pattern of criminal behavior. Ultimately, Harcourt shows how the perceived success of actuarial methods has begun to distort our very conception of just punishment and to obscure alternate visions of social order. In place of the actuarial, he proposes instead a turn to randomization in punishment and policing. The presumption, Harcourt concludes, should be against prediction.

Fundamentals of Actuarial Mathematics

Download Fundamentals of Actuarial Mathematics PDF Online Free

Author :
Publisher : John Wiley & Sons
ISBN 13 : 0470978074
Total Pages : 390 pages
Book Rating : 4.4/5 (79 download)

DOWNLOAD NOW!


Book Synopsis Fundamentals of Actuarial Mathematics by : S. David Promislow

Download or read book Fundamentals of Actuarial Mathematics written by S. David Promislow and published by John Wiley & Sons. This book was released on 2011-01-06 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive introduction to actuarial mathematics, covering both deterministic and stochastic models of life contingencies, as well as more advanced topics such as risk theory, credibility theory and multi-state models. This new edition includes additional material on credibility theory, continuous time multi-state models, more complex types of contingent insurances, flexible contracts such as universal life, the risk measures VaR and TVaR. Key Features: Covers much of the syllabus material on the modeling examinations of the Society of Actuaries, Canadian Institute of Actuaries and the Casualty Actuarial Society. (SOA-CIA exams MLC and C, CSA exams 3L and 4.) Extensively revised and updated with new material. Orders the topics specifically to facilitate learning. Provides a streamlined approach to actuarial notation. Employs modern computational methods. Contains a variety of exercises, both computational and theoretical, together with answers, enabling use for self-study. An ideal text for students planning for a professional career as actuaries, providing a solid preparation for the modeling examinations of the major North American actuarial associations. Furthermore, this book is highly suitable reference for those wanting a sound introduction to the subject, and for those working in insurance, annuities and pensions.

On Risk

Download On Risk PDF Online Free

Author :
Publisher : Biblioasis
ISBN 13 : 177196393X
Total Pages : 137 pages
Book Rating : 4.7/5 (719 download)

DOWNLOAD NOW!


Book Synopsis On Risk by : Mark Kingwell

Download or read book On Risk written by Mark Kingwell and published by Biblioasis. This book was released on 2020-10-13 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: With COVID-19 comes a heightened sense of everyday risk. How should a society manage, distribute, and conceive of it? As we cope with the lengthening effects of the global COVID-19 pandemic, considerations of everyday risk have been more pressing, and inescapable. In the past, everyone engaged in some degree of risky behaviour, from mundane realities like taking a shower or getting into a car to purposely thrill-seeking activities like rock-climbing or BASE jumping. Many activities that seemed high-risk, such as flying, were claimed basically safe. But risk was, and always has been, a fact of life. With new focus on the risks of even leaving the safety of our homes, it’s time for a deeper consideration of risk itself. How do we manage and distribute risks? How do we predict uncertain outcomes? If risk can never be completely eliminated, can it perhaps be controlled? At the heart of these questions—which govern everything from waking up each day to the abstract mathematics of actuarial science—lie philosophical issues of life, death, and danger. Mortality is the event-horizon of daily risk. How should we conceive of it?

The Backbone of Europe

Download The Backbone of Europe PDF Online Free

Author :
Publisher : Cambridge University Press
ISBN 13 : 1108390048
Total Pages : 480 pages
Book Rating : 4.1/5 (83 download)

DOWNLOAD NOW!


Book Synopsis The Backbone of Europe by : Richard H. Steckel

Download or read book The Backbone of Europe written by Richard H. Steckel and published by Cambridge University Press. This book was released on 2018-10-24 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using human skeletal remains, this volume traces health, workload and violence in the European population over the past 2,000 years. Health was surprisingly good for people who lived during the early Medieval Period. The Plague of Justinian of the sixth century was ultimately beneficial for health because the smaller population had relatively more resources that contributed to better living conditions. Increasing population density and inequality in the following centuries imposed an unhealthy diet - poor in protein - on the European population. With the onset of the Little Ice Age in the late Middle Ages, a further health decline ensued, which was not reversed until the nineteenth century. While some aspects of health declined, other attributes improved. During the early modern period, interpersonal violence (outside of warfare) declined possibly because stronger states and institutions were able to enforce compromise and cooperation. European health over the past two millennia was hence multifaceted in nature.

The Age of Prediction

Download The Age of Prediction PDF Online Free

Author :
Publisher : MIT Press
ISBN 13 : 026204773X
Total Pages : 232 pages
Book Rating : 4.2/5 (62 download)

DOWNLOAD NOW!


Book Synopsis The Age of Prediction by : Igor Tulchinsky

Download or read book The Age of Prediction written by Igor Tulchinsky and published by MIT Press. This book was released on 2023-08-22 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The power of the ever-increasing tools and algorithms for prediction and their paradoxical effects on risk. The Age of Prediction is about two powerful, and symbiotic, trends: the rapid development and use of artificial intelligence and big data to enhance prediction, as well as the often paradoxical effects of these better predictions on our understanding of risk and the ways we live. Beginning with dramatic advances in quantitative investing and precision medicine, this book explores how predictive technology is quietly reshaping our world in fundamental ways, from crime fighting and warfare to monitoring individual health and elections. As prediction grows more robust, it also alters the nature of the accompanying risk, setting up unintended and unexpected consequences. The Age of Prediction details how predictive certainties can bring about complacency or even an increase in risks—genomic analysis might lead to unhealthier lifestyles or a GPS might encourage less attentive driving. With greater predictability also comes a degree of mystery, and the authors ask how narrower risks might affect markets, insurance, or risk tolerance generally. Can we ever reduce risk to zero? Should we even try? This book lays an intriguing groundwork for answering these fundamental questions and maps out the latest tools and technologies that power these projections into the future, sometimes using novel, cross-disciplinary tools to map out cancer growth, people’s medical risks, and stock dynamics.

Investing Amid Low Expected Returns

Download Investing Amid Low Expected Returns PDF Online Free

Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119860199
Total Pages : 310 pages
Book Rating : 4.1/5 (198 download)

DOWNLOAD NOW!


Book Synopsis Investing Amid Low Expected Returns by : Antti Ilmanen

Download or read book Investing Amid Low Expected Returns written by Antti Ilmanen and published by John Wiley & Sons. This book was released on 2022-04-12 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Elevate your game in the face of challenging market conditions with this eye-opening guide to portfolio management Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least provides an evidence-based blueprint for successful investing when decades of market tailwinds are turning into headwinds. For a generation, falling yields and soaring asset prices have boosted realized returns. However, this past windfall leaves retirement savers and investors now facing the prospect of record-low future expected returns. Emphasizing this pressing challenge, the book highlights the role that timeless investment practices – discipline, humility, and patience – will play in enabling investment success. It then assesses current investor practices and the body of empirical evidence to illuminate the building blocks for improving long-run returns in today’s environment and beyond. It concludes by reviewing how to put them together through effective portfolio construction, risk management, and cost control practices. In this book, readers will also find: The common investor responses so far to the low expected return challenge Extensive empirical evidence on the critical ingredients of an effective portfolio: major asset class premia, illiquidity premia, style premia, and alpha Discussions of the pros and cons of illiquid investments, factor investing, ESG investing, risk mitigation strategies, and market timing Coverage of the whole top-down investment process – throughout the book endorsing humility in tactical forecasting and boldness in diversification Ideal for institutional and active individual investors, Investing Amid Low Expected Returns is a timeless resource that enables investing with serenity even in harsher financial conditions.

Modern Problems of Stochastic Analysis and Statistics

Download Modern Problems of Stochastic Analysis and Statistics PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 331965313X
Total Pages : 511 pages
Book Rating : 4.3/5 (196 download)

DOWNLOAD NOW!


Book Synopsis Modern Problems of Stochastic Analysis and Statistics by : Vladimir Panov

Download or read book Modern Problems of Stochastic Analysis and Statistics written by Vladimir Panov and published by Springer. This book was released on 2017-11-21 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together the latest findings in the area of stochastic analysis and statistics. The individual chapters cover a wide range of topics from limit theorems, Markov processes, nonparametric methods, acturial science, population dynamics, and many others. The volume is dedicated to Valentin Konakov, head of the International Laboratory of Stochastic Analysis and its Applications on the occasion of his 70th birthday. Contributions were prepared by the participants of the international conference of the international conference “Modern problems of stochastic analysis and statistics”, held at the Higher School of Economics in Moscow from May 29 - June 2, 2016. It offers a valuable reference resource for researchers and graduate students interested in modern stochastics.

Bernoulli's Fallacy

Download Bernoulli's Fallacy PDF Online Free

Author :
Publisher : Columbia University Press
ISBN 13 : 0231553358
Total Pages : 641 pages
Book Rating : 4.2/5 (315 download)

DOWNLOAD NOW!


Book Synopsis Bernoulli's Fallacy by : Aubrey Clayton

Download or read book Bernoulli's Fallacy written by Aubrey Clayton and published by Columbia University Press. This book was released on 2021-08-03 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a logical flaw in the statistical methods used across experimental science. This fault is not a minor academic quibble: it underlies a reproducibility crisis now threatening entire disciplines. In an increasingly statistics-reliant society, this same deeply rooted error shapes decisions in medicine, law, and public policy with profound consequences. The foundation of the problem is a misunderstanding of probability and its role in making inferences from observations. Aubrey Clayton traces the history of how statistics went astray, beginning with the groundbreaking work of the seventeenth-century mathematician Jacob Bernoulli and winding through gambling, astronomy, and genetics. Clayton recounts the feuds among rival schools of statistics, exploring the surprisingly human problems that gave rise to the discipline and the all-too-human shortcomings that derailed it. He highlights how influential nineteenth- and twentieth-century figures developed a statistical methodology they claimed was purely objective in order to silence critics of their political agendas, including eugenics. Clayton provides a clear account of the mathematics and logic of probability, conveying complex concepts accessibly for readers interested in the statistical methods that frame our understanding of the world. He contends that we need to take a Bayesian approach—that is, to incorporate prior knowledge when reasoning with incomplete information—in order to resolve the crisis. Ranging across math, philosophy, and culture, Bernoulli’s Fallacy explains why something has gone wrong with how we use data—and how to fix it.

Pricing in General Insurance

Download Pricing in General Insurance PDF Online Free

Author :
Publisher : CRC Press
ISBN 13 : 1000860795
Total Pages : 739 pages
Book Rating : 4.0/5 (8 download)

DOWNLOAD NOW!


Book Synopsis Pricing in General Insurance by : Pietro Parodi

Download or read book Pricing in General Insurance written by Pietro Parodi and published by CRC Press. This book was released on 2023-05-02 with total page 739 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the syllabus of the actuarial profession courses on general insurance pricing – with additional material inspired by the author’s own experience as a practitioner and lecturer – Pricing in General Insurance, Second Edition presents pricing as a formalised process that starts with collecting information about a particular policyholder or risk and ends with a commercially informed rate. The first edition of the book proved very popular among students and practitioners with its pragmatic approach, informal style, and wide-ranging selection of topics, including: Background and context for pricing Process of experience rating, ranging from traditional approaches (burning cost analysis) to more modern approaches (stochastic modelling) Exposure rating for both property and casualty products Specialised techniques for personal lines (e.g., GLMs), reinsurance, and specific products such as credit risk and weather derivatives General-purpose techniques such as credibility, multi-line pricing, and insurance optimisation The second edition is a substantial update on the first edition, including: New chapter on pricing models: their structure, development, calibration, and maintenance New chapter on rate change calculations and the pricing cycle Substantially enhanced treatment of exposure rating, increased limit factors, burning cost analysis Expanded treatment of triangle-free techniques for claim count development Improved treatment of premium building and capital allocation Expanded treatment of machine learning Enriched treatment of rating factor selection, and the inclusion of generalised additive models The book delivers a practical introduction to all aspects of general insurance pricing and is aimed at students of general insurance and actuarial science as well as practitioners in the field. It is complemented by online material, such as spreadsheets which implement the techniques described in the book, solutions to problems, a glossary, and other appendices – increasing the practical value of the book.

Formulae and Tables for Examinations of the Faculty of Actuaries and the Institute of Actuaries

Download Formulae and Tables for Examinations of the Faculty of Actuaries and the Institute of Actuaries PDF Online Free

Author :
Publisher :
ISBN 13 : 9780901066572
Total Pages : 190 pages
Book Rating : 4.0/5 (665 download)

DOWNLOAD NOW!


Book Synopsis Formulae and Tables for Examinations of the Faculty of Actuaries and the Institute of Actuaries by :

Download or read book Formulae and Tables for Examinations of the Faculty of Actuaries and the Institute of Actuaries written by and published by . This book was released on 2002-01-01 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: