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Another Method of Valuing Policies in Groups
Published online by Cambridge University Press: 18 August 2016
Extract
ALL the methods of group valuation submitted to the Institute in the last decade require the calculation of the second sum of the quantities valued, whether in the form of multiplications by —4½, —3½, … 3½, 4½, i.e., the second sum about the centre, or the more convenient second sum about the end. The object of this paper is to show that the α, β method can be transformed so as to avoid this difficulty.
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- Copyright © Institute and Faculty of Actuaries 1922
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