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A History of British Actuarial ThoughtLife Offices After the Second World War: The Underwriting and Management of Financial Market Risk (1952–2004)

A History of British Actuarial Thought: Life Offices After the Second World War: The Underwriting... [The history of actuarial thought in the British life assurance sector over the second half of the twentieth century is tumultuous. This was increasingly the case as the century wore on, reaching something approaching a crisis by the century’s end, from which the profession started to reorientate itself in the early 2000s. The root causes of the late twentieth-century challenges initially emerged earlier in the century and have already been briefly noted. The most important of these was the increasing trend, started in the 1920s and 1930s, of abandoning the strictly risk-averse investment disciplines of nineteenth century Bailey in order to pursue greater investment in equities and other risky asset types.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A History of British Actuarial ThoughtLife Offices After the Second World War: The Underwriting and Management of Financial Market Risk (1952–2004)

Turnbull, Craig
Springer Journals — Dec 8, 2016
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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2017
ISBN
978-3-319-33182-9
Pages
187 –231
DOI
10.1007/978-3-319-33183-6_5
Publisher site
See Chapter on Publisher Site

Abstract

[The history of actuarial thought in the British life assurance sector over the second half of the twentieth century is tumultuous. This was increasingly the case as the century wore on, reaching something approaching a crisis by the century’s end, from which the profession started to reorientate itself in the early 2000s. The root causes of the late twentieth-century challenges initially emerged earlier in the century and have already been briefly noted. The most important of these was the increasing trend, started in the 1920s and 1930s, of abandoning the strictly risk-averse investment disciplines of nineteenth century Bailey in order to pursue greater investment in equities and other risky asset types.]

Published: Dec 8, 2016

Keywords: Option Price; Equity Market; Dividend Yield; Financial Service Authority; Option Price Theory

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