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Profit and other financial concepts in insurance

Published online by Cambridge University Press:  20 April 2012

S. Benjamin
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Extract

1.1. The aim of this paper is to initiate a discussion between actuaries, accountants, the Department of Trade and others working in insurance on our basic concepts, language, methods and aims. We need to discuss concepts and to agree on language in order to be able to discuss methods and aims. The concepts and language developed by actuaries in life business are very different from those used in non-life insurance and a synthesis of the two is long overdue.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 103 , Issue 3 , December 1976 , pp. 233 - 305
Copyright
Copyright © Institute and Faculty of Actuaries 1976

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