Leases for Lives, 9781107111769
Hardcover
Math meets mortality: life insurance’s rocky road to actuarial soundness.

Leases for Lives

life contingent contracts and the emergence of actuarial science in eighteenth-century england

$373.42

  • Hardcover

    270 pages

  • Release Date

    14 July 2017

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Summary

Leases for Lives: Unveiling the Hidden History of Early Life Insurance

Many historians have noted a curious gap: the simultaneous rise of English life insurance companies in the early 1700s and the sophisticated math needed to price these products effectively. Yet, insurance and annuity providers largely overlooked these mathematical advancements.

This book delves into this disconnect, revealing that early mathematical explorations weren’t driven by insurance needs, but rath…

Book Details

ISBN-13:9781107111769
ISBN-10:1107111765
Author:David R. Bellhouse
Publisher:Cambridge University Press
Imprint:Cambridge University Press
Format:Hardcover
Number of Pages:270
Release Date:14 July 2017
Weight:540g
Dimensions:235mm x 157mm x 20mm
What They're Saying

Critics Review

‘This is a distinctive work of scholarship, visiting ground that has never been as thoroughly subjected to such deep and expert examination. Bellhouse is especially knowledgeable about early English probability and its milieu, and about actuarial science. There is no one comparable in this combination of skills, and he is a master of the relevant archives as well.’ Stephen Stigler, University of Chicago‘Bellhouse has surveyed a relatively neglected but important literature in the development of probability and statistics. The book is written with care and meticulous attention to detail, and the results are particularly interesting.’ Sandy Zabell, Northwestern University‘Bellhouse (statistics, Univ. of Western Ontario) has produced a one-of-a-kind history of actuarial science in 18th-century England … All collections serving actuarial, history of science, and English history scholarship should have this informative, fascinating book. Summing Up: Recommended.’ W. R. Lee, Choice

About The Author

David R. Bellhouse

David R. Bellhouse holds degrees in actuarial science and in statistics. He has been at the University of Western Ontario for more than forty years, where he now is Professor Emeritus. He has published extensively in the history of probability, statistics, and actuarial science, and has recently published a major biography of Abraham De Moivre. Bellhouse is a fellow of the American Statistical Association and has served as President of the Statistical Society of Canada. He is a recipient of the University of Western Ontario’s Gold Medal for Excellence in Teaching, and recently received the University of Manitoba Faculty of Science Honoured Alumni Award.

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