株式会社極東書店トップ商品一覧Leases for Lives : Life Contingent Contracts and the Emergence of Actuarial Science in Eighteenth-Century England.

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Leases for Lives

Leases for Lives : Life Contingent Contracts and the Emergence of Actuarial Science in Eighteenth-Century England. 18世紀イングランドにおける生命保険の偶発契約と保険数理の出現

・ISBN 978-1-107-11176-9 hard GB£ 123.00

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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-1-316-28222-9

著者・編者Bellhouse, David R.,
出版社(Cambridge U. Pr., UK)
出版年月2017
ページ数284 pp.
言語ENG
ニュース番号<639-806 639-L2474>

解説

Many historians of insurance have commented on the disconnect between the rise of English life insurance companies in the early eighteenth century and the mathematics behind the sound pricing of life insurance products that was developed at about the same time. Insurance and annuity promoters typically ignored this mathematical work. Bellhouse explores this issue, and shows that the early mathematical work was not motivated by insurance but instead by the fair valuation of life contingent contracts related to property. Even the work of the mathematician James Dodson in the creation of the Equitable Life Assurance Society, offering sound actuarially based premiums, did not change the industry in any significant way. The tipping point was a crisis in 1770 in which the philosopher and mathematician Richard Price, as well as other mathematicians, showed that a dozen or more recently formed annuity societies could not meet their financial obligations and were inviable.