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Office Methods for Dealing With Ordinary Life New Business

Published online by Cambridge University Press:  11 August 2014

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Extract

1. The purpose of this paper is to consider procedures involved and the records and documents required after a life proposal has been accepted. It is mainly concerned with a particular office using a punched card system, the changes which have taken place and the further changes in prospect as other office machinery is brought into use.

In particular, the use of automatic typewriters for the production of policy and other documents is examined.

In the office concerned there has been a rapid expansion both in quantity of business and diversity in type of business. The tendency has been for a multiplicity of records to be built up for reference purposes and to control the Powers punched cards used for premium collection, valuation, etc. Energetic attempts have been made from time to time to reduce the work involved in setting up, housing, and accurately maintaining these records.

Type
Research Article
Copyright
Copyright © Institute of Actuaries Students' Society 1962

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