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A History of British Actuarial Thought / by Craig Turnbull

Publisher	(Cham : Springer International Publishing : Imprint: Palgrave Macmillan)
Year	2017
Edition	1st ed. 2017.
Authors	*Turnbull, Craig author SpringerLink (Online service)

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Links to the text	Location	Volume	Call No.	Barcode No.	Status	Comments	ISBN	Printed	Restriction	Reserve
Links to the text	Library Off-campus access			OB00174522		Springer Economics and Finance eBooks (電子ブック)	9783319331836

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Material Type	E-Book
Media type	機械可読データファイル
Size	XIII, 345 p. 20 illus : online resource
Notes	Part One: Probability and Life Contingencies, 1650 – 1750: The First One Hundred Years -- Part Two: Revolutionary Developments between 1750 and 1810 -- Part Three: Life from the Napoleonic Wars to the Second World War -- Part Four: A Brief History of Financial Economics for Actuaries -- Part Four: A Brief History of Financial Economics for Actuaries -- Part Six: British Actuarial Thought in Defined Benefit Pensions (1905 – 1997) -- Part Seven: British Actuarial Thought in General Insurance (1851 – 1994) -- Conclusions: Looking Back, Looking Forward In the first book of its kind, Turnbull traces the development and implementation of actuarial ideas, from the conception of Equitable Life in the mid-18th century to the start of the 21stcentury. This book analyses the historical development of British actuarial thought in each of its three main practice areas of life assurance, pensions and general insurance. It discusses how new actuarial approaches were developed within each practice area, and how these emerging ideas interacted with each other and were often driven by common external factors such as shocks in the economic environment, new intellectual ideas from academia and developments in technology. A broad range of historically important actuarial topics are discussed such as the development of the blueprint for the actuarial management of with-profit business; historical developments in mortality modelling methods; changes in actuarial thinking on investment strategy for life and pensions business; changing perspectives on the objectives and methods for funding Defined Benefit pensions; the application of risk theory in general insurance reserving; the adoption of risk-based reserving and the Guaranteed Annuity Option crisis at the end of the 20thcentury. This book also provides an historical overview of some of the most important external contributions to actuarial thinking: in particular, the first century or so of modern thinking on probability and statistics, starting in the 1650s with Pascal and Fermat; and the developments in the field of financial economics over the third quarter of the twentieth century. This book identifies where historical actuarial thought heuristically anticipated some of the fundamental ideas of modern finance, and the challenges that the profession wrestled with in reconciling these ideas with traditional actuarial methods. Actuaries have played a profoundly influential role in the management of the United Kingdom’s most important long-term financial institutions over the last two hundred years. This book will be the first to chart the influence of the actuarial profession to modern day. It will prove a valuable resource for actuaries, actuarial trainees and students of actuarial science. It will also be of interest to academics and professionals in related financial fields such as accountants, statisticians, economists and investment managers HTTP:URL=https://doi.org/10.1007/978-3-319-33183-6
Subjects	LCSH:Finance LCSH:History LCSH:Financial risk management LCSH:Financial services industry LCSH:Capital market LCSH:Social sciences—Mathematics FREE:Financial History FREE:Risk Management FREE:Financial Services FREE:Capital Markets FREE:Mathematics in Business, Economics and Finance
Classification	LCC:HG171 DC23:332.09
ID	8000059500
ISBN	9783319331836