Valuation and Surplus [Paperback]

Originally published in 1932, this book aims to bridge the gap between the mathematics of life contingencies and the practical problems of Life Office Valuations.Originally published in 1932, as part of the Institute of Actuaries Students' Society's Consolidation of Reading Series, this book was written to provide actuarial students with a guide 'to bridging the gap between the strict mathematics of life contingencies and the severely practical problems of Life Office Valuations'.Originally published in 1932, as part of the Institute of Actuaries Students' Society's Consolidation of Reading Series, this book was written to provide actuarial students with a guide 'to bridging the gap between the strict mathematics of life contingencies and the severely practical problems of Life Office Valuations'.Originally published in 1932, as part of the Institute of Actuaries Students' Society's Consolidation of Reading Series, this book was written to provide actuarial students with a guide 'to bridging the gap between the strict mathematics of life contingencies and the severely practical problems of Life Office Valuations'. This book will be of value to anyone with an interest in the actuarial profession and the history of finance.Introduction; Editor's preface; Author's preface; Part I: 1. Valuation principles; 2. Valuation machinery; 3. Industrial assurance valuations; 4. Approximate methods of valuation; 5. Miscellaneous valuation problems; Part II: 6. Origin and nature of surplus; 7. Methods of distribution of surplus; 8. Analysis of surplus, and miscellaneous problems; Summary of references.