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I. On the standard of Solvency in Life Assurance Companies as affected by guaranteed benefits. II. On certain Methods of Reconstructing an insolvent Life Assurance Company. III. Some Observations on Insurance Matters in Canada and the United States

Published online by Cambridge University Press:  18 August 2016

Gerald H. Ryan
Gerald H. Ryan
Affiliation:
British Empire Mutual Life Assurance Company
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Extract

The standard of solvency in life assurance companies is a question of such importance that any new light, however small, that can be thrown upon it may well engage our attention. Hence, anyone who can contribute to the illumination in the most insignificant degree may escape the reproach of having intruded himself and his views unnecessarily upon the profession. It is in this spirit that I submit the following short note to the Institute.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 32 , Issue 1 , April 1895 , pp. 25 - 49
Copyright
Copyright © Institute and Faculty of Actuaries 1896

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References

page 34 note * Report of the Committee on the Winding-up of Insolvent Insurance Companies (Convention of State Insurance Commissioners, October 1871).

page 38 note * It may be interesting to state here that the late Elizur Wright held it to be the chief merit of a net valuation that it made it possible for a life insurance company to deal equitably with its retiring members.—“In all our programmes“you will find this statement to the policyholder that in case it becomes necessary “for him to leave the company, an equitable surrender-value will be given “* * * * * * But the moment you apply a net valuation to the company, it “becomes possible to deal equitably with the retiring members, that is to say, to “allow them to go out and make only so much out of their going out as will “keep the company reasonably whole.”