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Halley's Table and the Development of Actuarial Science
This chapter discusses the development of actuarial science and the role of Halley's table in assessing population information. It also explores the history of life insurance and its transition from a public responsibility to an individual approach.
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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