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

Jan 8, 2024

Learn about the birth of actuarial science and life insurance, including the development of population tables, the origins of one-year term life insurance, and the advancements in the insurance field. Discover the role of data analysis in studying population trends, explore the laws of probability in insurance, and uncover interesting tidbits like recipes for frozen Roo and gazpacho.

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Introduction

00:00 • 2min

Insurance, Actuarial Science, and the Origins of Life Insurance

02:29 • 10min

Data Analysis and Population Study in Breslau

12:25 • 4min

Halley's Table and the Development of Actuarial Science

16:41 • 11min

The Origins of a One-Year Term for Life Insurance and the Speculative Period of Insurance

28:05 • 5min

Developments in Insurance and the Laws of Probability

33:30 • 7min

Payments to bereaved dependents and a frozen Roo recipe

40:06 • 6min

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.

Research:

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