Hostname: page-component-848d4c4894-x5gtn Total loading time: 0 Render date: 2024-05-22T03:56:56.817Z Has data issue: false hasContentIssue false

State Insurance Against Invalidity and Old Age—The Actuarial Basis of the Austrian Method

Published online by Cambridge University Press:  18 August 2016

George William Richmond
Affiliation:
Scottish Widows' Fund and Life Assurance Society, Edinburgh

Extract

During the past twenty years or so, State Insurance in one form or other has been steadily extending, and now appears likely to be established on a broad basis in Great Britain. The problems presented by it are very complex and comparatively little understood either as regards nature or consequences, while socio-political pressure compels the use of approximations where complete solutions are unattainable. In particular the statistical bases and actuarial treatment of these great schemes, which affect the well-being of millions, afford great scope for the utilization of the training provided by the Institute of Actuaries and other scientific bodies of like aims.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1911

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

page 346 note * The assumptions upon which formula (16) is based do not appear to be fully set out in the preceding demonstration; and Mr. G. F. Hardy's remarks in the discussion (on page 384) also indicate that formulas of greater generality can be deduced.— fin. J.I.A.

page 384 note * Transactions of the Sixth International Congress of Actuaries, vol. I (i), p. 507.Google Scholar