A Computer approach to ordinary Life Assurance Policy Valuation—A new look at concepts
- 1 September 1970
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of the Staple Inn Actuarial Society
- Vol. 19 (03) , 169-180
- https://doi.org/10.1017/s0020269x00008458
Abstract
This paper has been written as an ‘Expository Article’ and, as such, is not meant to be complete. Its main object is to describe useful concepts and methods that are not covered by the standard reading for the Institute's examinations. As the title of the paper implies not all of these concepts are new. Some, in fact, are first principles which are particularly useful when performing an actuarial valuation using a computer. The title also suggests that the paper is confined to Ordinary Life business. However, much of what is said could also be applied to Industrial or even Non-life business.Keywords
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