Article contents
History of Life Assurance in the United Kingdom
Published online by Cambridge University Press: 18 August 2016
Extract
The earliest event of the year 1844 was the presentation to Parliament of the “First Report” of the Committee on Joint-Stock Companies, appointed in 1841. The report set out by stating that, as a good deal of the information affecting persons was in the nature of ex parte statements, caution would be required in promulgating it: hence much of the evidence collected would he stated summarily. I shall confine myself here to the passages bearing upon Insurance Associations.
- Type
- Research Article
- Information
- Copyright
- Copyright © Institute and Faculty of Actuaries 1887
References
page 442 note * Mr. Samuel Brown adopted a statement based upon the return of life-policy stamps issued in the year 1849, showing the approximate amounts of the policies so issued :
![](https://static.cambridge.org/binary/version/id/urn:cambridge.org:id:binary:20160908043316484-0890:S0020268100052379_Uequ1.gif?pub-status=live)
The total value of stamps sold in the year being £33,689. 7s. 6d., the aggregate of claims paid that year by the British offices was estimated at £2,500,000. The total number of policies in force he estimated to be 300,000, on 225,000 lives—giving 4 policies to every 3 lives insured. The average amount of each policy he estimated at £666.13s, 4d.
- 2
- Cited by