Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
  1. Home
  2. Journals
  3. British Actuarial Journal
  4. Journal of the Institute of Actuaries
  5. Volume 49 Issue 2
Journal Home
Refine listing

Refine listing

Access:
Publication date:

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×
< Back to all issues

Journal of the Institute of Actuaries, Volume 49 - Issue 2 - April 1915

Contents

Correspondence

  • Mr. Nathan's Paper on Section 72 of the National Insurance Act

  • Published online by Cambridge University Press:
    18 August 2016, p. 110
    • Article
      • You have access
    • PDF
    • Export citation

Research Article

  • The Analysis of Life Office Expenses

  • Charles Hugh Maltby
  • Published online by Cambridge University Press:
    18 August 2016, pp. 111-148

  • In turning over the pages of the Journal, one is struck by the number of papers which would have been rendered far more valuable if more detailed data of the actual expenses of management had been available. Probably less is known about expenses than about any other factor involved in our daily actuarial work; and this comparative ignorance is the more remarkable when we remember the immense amount of thought and research which has been expended on the subjects of Mortality and Interest.

    Perhaps good reasons existed in the past for this comparative neglect; but it appears to me that the time is approaching—if it has not already arrived—when it will be absolutely necessary to investigate the subject of expenses to the fullest possible extent. To mention only one aspect of the subject, there is a general impression that expenses are tending to increase, and hence it becomes important for each office to ascertain whether this impression is correct in its own case, and if so, the causes of the increase. These questions can only be answered by a full analysis; but if this is possible any increase will be robbed of much of its force, even if its cause cannot be removed. Certainly expenses are at least as worthy of investigation as mortality, and will probably yield more valuable results, since they, at least, are susceptible of regulation.

Other

Correction

Other

Reviews

Notices of New Publications

Obituary

  • Mr. H. W. Manly

  • G. K.
  • Published online by Cambridge University Press:
    18 August 2016, pp. 175-178
    • Article
      • You have access
    • PDF
    • Export citation

  • The Late Sir G. F. Hardy, K.C.B.

  • Published online by Cambridge University Press:
    18 August 2016, pp. 178-180
    • Article
      • You have access
    • PDF
    • Export citation

Other

Correction

Other