The Birth of Actuarial Science and Life Insurance, Pt. 2
Stuff You Missed in History Class
The Historical Growth of Actuarial Science
This chapter discusses the challenges and growth of actuarial science in the early 20th century. It explores the historical events and scientific advancements that influenced life expectancy, the incorporation of group insurance and pension plans, the formation of professional actuarial organizations, and the impact of technological advancements.
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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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