Journal of the Institute of Actuaries: Volume 79 - Issue 3

Reproductivity in Great Britain: A new Standard of Assessment
P. R. Cox
Published online by Cambridge University Press:

18 August 2016, pp. 239-273
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Since the formation of the Demographic Study Group by the Students' Society at the end of 1949, much attention has been devoted by a small but keenly interested body of members of the Institute to the analysis of fertility and reproductivity. One of the aims of their researches has been to arrive at an independent method of assessing the degree of sufficiency of the numbers of births in this country for the replacement of the population. The present paper, founded as it is upon the ideas expressed at the Group meetings, is in essence a joint production with members of the Group, and their share in it is gratefully acknowledged.

Large-scale Electronic Digital Computing Machines
R. L. Michaelson
Published online by Cambridge University Press:

18 August 2016, pp. 274-322
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In a paper read before the Institute in January 1936, E. W. Phillips discussed developments in computing machines and made the following prediction :
If it [the light-ray machine] is provided with all the necessary material on the morning of 1st January, the whole of the valuation will be completed within 15 minutes or so. Indeed when the actuary arrives there will still be time to complete the valuation over again on eight or nine other bases before he goes out to lunch, and yet have ready the figures necessary for the Annual General Meeting in the afternoon.

British Actuarial Journal