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The Application of Actuarial Principles to the Transaction of Overseas Life Business

Published online by Cambridge University Press:  18 August 2016

R. S. Skerman
R. S. Skerman
Affiliation:
The Prudential Assurance Company Ltd.
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Extract

The last paper submitted to the Institute on the special problems arising from the transaction of overseas life business was that submitted by W. F. Gardner in 1935 (J.I.A. 66, 198). The expansion since that date in overseas life business justifies a further review of these problems. In 1935 the revenue premium income (other than annuity purchase money) from the overseas business of British life offices as recorded in the Board of Trade Returns was some £6.4 million, representing 7.9% of the total ordinary branch premium income of British life offices; in 1954 the premium income from overseas business was £34.4 million and represented 12.3% of the total.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 83 , Issue 2 , September 1957 , pp. 73 - 111
Copyright
Copyright © Institute and Faculty of Actuaries 1957

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