7min chapter

Stuff You Missed in History Class cover image

The Birth of Actuarial Science and Life Insurance, Pt. 1

Stuff You Missed in History Class

CHAPTER

Developments in Insurance and the Laws of Probability

This chapter explores the advancements in the insurance field, including the use of mortality data for predictability models, the development of probability laws by mathematicians, instances of insurance fraud, and the establishment of insurance laws and contracts. It also discusses the process of paying claims in a Society of Assurances and the calculation of mortality rates and expenses for members.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode