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List Of Actuaries
An actuary is a business professional who deals with a financial situation of risk and uncertainty. This is a list of notable actuaries and others who have influenced the profession. Born in the 17th century * John Graunt (1620–1674), English, constructed one of the first life tables * William Petty (1623–1687), English, much early writing on life tables * Johan de Witt (1625–1672), Dutch, early pioneering work on life annuities * Edmond Halley (1656–1742), English, constructed one of the first life tables Born in the 18th century * James Dodson (1705–1751), English, developed statistical mortality tables * Alexander Webster (1708–1784), Scottish, developed a scheme for providing pensions to widows of church ministers * Richard Price (1723–1791), Welsh, introduced correct methods for values of contingent reversions * Edward Rowe Mores (1731–1778), English, founder of The Society for Equitable Assurances on Lives and Survivorships and the first person to u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Actuary
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. These risks can affect both sides of the balance sheet and require investment management, asset management, liability (financial accounting), liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. The name of the corresponding academic discipline is actuarial science. While the concept of insurance dates to antiquity, the concepts needed to scientifically measure and mitigate risks have their origins in 17th-century studies of probability and annuities. Actuaries in the 21st century require analytical skills, business knowledge, and an understanding of human behavior and information systems; actuaries use this knowledge to design programs that manage risk, by determining if the implementation of strategies proposed for mit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Morgan (actuary)
William Morgan, FRS (26 May ( O.S.) 1750 – 4 May 1833) was a Welsh physician, physicist and statistician, who is considered the father of modern actuarial science. He is also credited with being the first to record the "invisible light" produced when a current is passed through a partly evacuated glass tube: "the first x-ray tube". Life He was born in Bridgend, Glamorgan, Wales, son to physician William Morgan and Sarah (sister of Richard Price). William's brother was George Cadogan Morgan. At eighteen he received medical training at Guy's Hospital, London, working also as an apothecary to pay his way. He did not complete his training, but after one year returned to Bridgend to join his father's practice. He was not popular with his father's patients: they thought him inexperienced and they resented receiving treatment from someone with a deformity—Morgan suffered from a club foot. After his father's death he left medicine and in 1774, on the recommendation of his mother's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elizur Wright
Elizur Wright III (12 February 1804 – 22 November 1885) was an American mathematician and abolitionist. He is sometimes described in the United States as "the father of life insurance", or "the father of insurance regulation", as he campaigned that life insurance companies must keep reserves and provide surrender values. Wright served as an insurance commissioner for the Commonwealth of Massachusetts. Early life Wright was born in South Canaan, Connecticut, to a devout Christian family, who held anti-slavery beliefs and instilled in him a strict moral character. He was the first son of Elizur Wright (1762–1845), whose father was also named Elizur Wright, and his second wife Clarissa Richards (1771–1843). Wright was one of 10 children; six were half-siblings by his father's first wife. His father was a 1781 Phi Beta Kappa graduate of Yale College, and was known for his mathematical learning and devotion to the Calvinist faith. In 1810 the family moved to Tallmadge, Ohio, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Galloway
Thomas Galloway FRS (26 February 17961 November 1851) was a 19th-century Scottish mathematician. Life He was born in Symington, South Lanarkshire, Scotland. In 1812 he entered the University of Edinburgh, where he distinguished himself in mathematics. In 1823 he was appointed one of the teachers of mathematics at the Royal Military College, Sandhurst, and in 1833 he became an actuary of the Amicable Life Assurance Office, the oldest institution of that kind in London, where he remained until his death in 1851. Galloway was a voluminous, though, for the most part, anonymous writer. His most notable paper, "On the proper motion of the solar system", was published in the ''Philosophical Transactions'' of 1847. He contributed largely to the seventh edition of Encyclopædia Britannica, and also wrote several scientific papers for the ''Edinburgh Review'' and various scientific journals. His ''Encyclopaedia'' article, "Probability", was published separately. He is buried in Kensal Gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Griffith Davies
Griffith Davies (5 December 1788 - 25 March 1855) was a noted actuary. Early life Davies, son of Owen Davies, farmer and quarryman (1761–1854), was born at the foot of Cilgwyn mountain, in the parish of Llandwrog, Caernarfon, on 5 December 1788. As most children at that time, he was taught to read and spell at a Welsh Sunday school. At the age of seven he commenced learning English at a school where he paid two shillings and sixpence per quarter. The poverty of his parents meant that he had to work for his living, and until 1808 he was a farm labourer, horse driver, and quarryman, obtaining at intervals some education and private study. Education Having saved a little money he left Wales, and, arriving in London on 15 September 1809, attended a school to perfect himself in writing and grammar, but took no special interest in any subject except arithmetic. Academic career In January 1810 he obtained an engagement at Mr. Rainhall's school as teacher of arithmetic, at a salary of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institute Of Actuaries
The Institute of Actuaries was one of the two professional bodies which represented actuaries in the United Kingdom. The institute was based in England, while the other body, the Faculty of Actuaries, was based in Scotland. While the Institute and Faculty of Actuaries were separate institutions, they worked very closely together, and their professional qualifications and actuarial standards were identical. On 25 May 2010, voting members of the institute who took part in a ballot voted to merge the institute with the faculty, thus creating the Institute and Faculty of Actuaries, which came into being on 1 August 2010. The Institute of Actuaries ceased to exist on that date. Establishment of the Institute of Actuaries The actuaries of a number of life assurance companies established the Institute of Actuaries in London on the 8th of July 1848. The Institute of Actuaries was the oldest actuarial professional body in the world. In July 1884, the Institute of Actuaries was granted a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scottish People
Scottish people or Scots (; ) are an ethnic group and nation native to Scotland. Historically, they emerged in the Scotland in the Early Middle Ages, early Middle Ages from an amalgamation of two Celtic peoples, the Picts and Gaels, who founded the Kingdom of Scotland (or ''Kingdom of Alba, Alba'') in the 9th century. In the following two centuries, Celtic-speaking Hen Ogledd, Cumbrians of Kingdom of Strathclyde, Strathclyde and Germanic-speaking Anglo-Saxons, Angles of Northumbria became part of Scotland. In the Scotland in the High Middle Ages, High Middle Ages, during the 12th-century Davidian Revolution, small numbers of Normans, Norman nobles migrated to the Lowlands. In the 13th century, the Norse-Gaels of the Kingdom of the Isles, Western Isles became part of Scotland, followed by the Norsemen, Norse of the Northern Isles in the 15th century. In modern usage, "Scottish people" or "Scots" refers to anyone whose linguistic, cultural, family ancestral or genetic origin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Finlaison
John Finlaison (1783–1860) was a Scottish civil servant, government actuary and the first president of the Institute of Actuaries. John was born under the name Finlayson, however, was better known under the name of Finlaison. Early life John Finlaison, eldest son of Donald Finlayson and Isabella Sutherland, was born in Thurso, Caithness on 27 August 1783. His father died from an attack of brain fever on 28 November 1790, at the early age of twenty-nine, leaving his mother a widow, with three children John (seven years), Christian (three years) and William (four months old). Thurso At the age of fifteen he was removed from school and apprenticed to Mr Donald Robeson, a writer olicitorin the town of Thurso, Scotland. Through his apprenticeship, John acquired a considerable amount of professional knowledge and learned about regular business habits. John had a passion for reading at a young age. Much of his leisure hours were devoted to reading, however, during this period ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gompertz Function
The Gompertz curve or Gompertz function is a type of mathematical model for a time series, named after Benjamin Gompertz (1779–1865). It is a sigmoid function which describes growth as being slowest at the start and end of a given time period. The right-side or future value asymptote of the function is approached much more gradually by the curve than the left-side or lower valued asymptote. This is in contrast to the simple logistic function in which both asymptotes are approached by the curve symmetrically. It is a special case of the generalised logistic function. The function was originally designed to describe human mortality, but since has been modified to be applied in biology, with regard to detailing populations. History Benjamin Gompertz (1779–1865) was an actuary in London who was privately educated. He was elected a fellow of the Royal Society in 1819. The function was first presented in his June 16, 1825 paper at the bottom of page 518. The Gompertz functio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benjamin Gompertz
Benjamin Gompertz (5 March 1779 – 14 July 1865) was an English self-educated mathematician and actuary, who became a Fellow of the Royal Society. Gompertz is now best known for his Gompertz law of mortality, a demographic model published in 1825. He was the brother of the early animal rights activist and inventor Lewis Gompertz and the poet Isaac Gompertz. Life Of the German Jewish family of Gompertz of Emmerich, Gompertz was born in London, where his father and grandfather had been successful diamond merchants. Debarred, as a Jew, from a university education, he studied on his own from an early age, in the writings of Isaac Newton, Colin Maclaurin, and William Emerson. From 1798 he was a prominent contributor to the ''Gentleman's Mathematical Companion'', and for a period won the annual prizes in the magazine for the solutions of problems. Gompertz married Abigail Montefiore (1790–1871) in 1810; they had three children. In line with his father's wishes, he entered the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joshua Milne
Joshua Milne (1776–1851), was an English actuary. Life He was appointed actuary to the Sun Life Assurance Society on 15 June 1810, and reconstructed the life tables then in use. He gave evidence before the select committee on the laws respecting friendly societies (1825 and 1827). By 1839 Milne had lost interest in the values of life contingencies, and turned to natural history; he is said to have possessed one of the best botanical libraries in London. He resigned his position in the Sun Life Office on 19 December 1843, and died at Upper Clapton on 4 January 1851. He was buried on the western side of Highgate Cemetery. Actuarial works When Milne entered the field, life tables were based on the data taken by Richard Price from the burial registers (1735–80) of All Saints' Church, Northampton. Milne took as the basis of his calculations the bills of mortality from Carlisle, Cumbria, Carlisle, which had been prepared by John Heysham. After a long correspondence (12 September 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
