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Insurance, Actuarial Science, and the Origins of Life Insurance
The hosts delve into the concept of insurance and actuarial science, explaining how insurance works and discussing the history of actuarial science and life insurance. They explore the development of actuarial science and highlight the significance of Sir Edmund Halley's population table in understanding demographic changes.
Actuarial science is all about calculating risk – risk of injury, illness, death, risk of market shifts and financial outcomes. Part one covers the earliest population tables and early examples of life insurance and assurance.
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