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On the Method of estimating Expected Deaths and Expected Claims

Published online by Cambridge University Press:  18 August 2016

Gerald Hemmington Ryan
Gerald Hemmington Ryan
Affiliation:
Institute of Actuaries, and of the Statistical Society Marine and General Mutual Life Assurance Society
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Extract

It is a common thing to find in the reports of life assurance companies a statement to the effect that the actual deaths and claim payments have been under the expectation, or have represented a certain percentage of the expectation. The records of life assurance literature would appear to show that little attention has been given to the methods on which these comparisons are based, the only contribution to the Journal bearing directly on the point being a paper by Mr. G. M. Low (J.I.A., xviii, 195). But as the matter possesses a considerable and growing importance, the following note has been prepared with the object of suggesting a method by which such estimates may be computed according to a plan which seems reasonable and defensible on scientific grounds.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 26 , Issue 4 , April 1887 , pp. 249 - 275
Copyright
Copyright © Institute and Faculty of Actuaries 1887

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References

page 262 note * For the purpose of completeness, the correction for the discontinued is introduced in this table, the value of one-third of the discontinued at each age being arbitrarily assigned to it.