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Note upon Select Life Tables

Published online by Cambridge University Press:  22 April 2013

J. R. Hart
Affiliation:
The Scottish Equitable Life Assurance Society

Extract

Some time ago it was suggested to me that select life tables might form the subject upon which a few remarks might be acceptable to this Society; and the following include a brief review of what has been done in the past towards furnishing us with select tables, and a note of those at present available for office use. An apology is almost needed for bringing forward again such a well-worn subject, especially as it is neither presented in a new light, nor is anything added to the original contributions, that have appeared from time to time. But while there is little of what follows that is not already very familiar to the older members, these remarks may suggest to them a few points for discussion, and it may be useful to the younger members to have a few facts concerning these tables brought together. In various ways there seems to have recently been a revival of interest in the subject of select tables. In connection with the new experience, the preliminary stage of collecting from the contributing offices their mortality cards is, I believe, nearly complete; and the results we may expect from this material, when investigated, will probably place us in a new position with regard to the instruments we employ in office calculations. While from many causes there has probably been a decline in the death rate since the twenty offices' experience, most offices have within the last few years suffered from the heavy mortality amongst young and old due to influenza; and it is possible that premiums on a select basis, ascertained from the new experience, may be higher than those we have at present, especially for the older lives.

Type
Articles
Copyright
Copyright © Institute and Faculty of Actuaries 1896

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