The Birth of Actuarial Science and Life Insurance, Pt. 2
Stuff You Missed in History Class
William Morgan and the Early Years of Actuarial Science
This chapter explores the early life and career of William Morgan, a key figure in actuarial science. It discusses his education, apprenticeships, and contributions to the field, including the refinement of formulas for calculating premiums using the Northampton Table.
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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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- Whittle, Matt. “How To Become An Actuary: Responsibilities, Practice Areas And Certifications.” Forbes. Nov. 29, 2022. https://www.forbes.com/advisor/education/become-an-actuary/
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