Seventeenth International Congress of Actuaries: a Review of the Papers Submitted under Subject 4

Extract

The papers submitted under Subject 4 of the 1964 Congress in London and Edinburgh were those concerned with the practical application of modern statistical techniques in all branches of insurance.

Fourteen papers from eight countries were presented for discussion in London, and the purpose of this note is to outline and comment briefly on the content of these papers—the discussions on related topics which took place in Edinburgh are not included in this review.

Statistical methods in general being of fairly recent origin it is not at once obvious whether a particular technique qualifies as modern or not, but I would think it fair to take it that, normally, the calculation of premiums, involving the intelligent classification of risks and the analysis of experience, comes within the field of classical statistical methods.