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The Origin of the Word 'Actuary' and the Duties of Early Actuaries
This chapter delves into the origins of the word 'actuary' and its association with insurance officials, discussing their duties in calculating premiums and managing financial risks. It also introduces William Morgan and his background.
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.
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