The Birth of Actuarial Science and Life Insurance, Pt. 2
Stuff You Missed in History Class
The Birth of Actuarial Science and Life Insurance, Pt. 2
This chapter discusses the Institute of Actuaries' publication of a more accurate mortality table in 1869, which was compiled using data from British life assurance offices. It also addresses the challenges faced by the actuarial sciences and insurance industry in the 20th century.
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As life insurance and assurance became more common, companies that offered coverage ran into in problems in the 18th and 19th century. Part 2 also covers how Insurance has been used by gamblers as a grisly amusement.
Research:
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