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On the system of bonus distribution to policyholders as a percentage per annum for the Valuation period on the sum assured, or on the sum assured and existing bonuses, considered in relation to some recent influences on Life Assurance Finance

Published online by Cambridge University Press:  18 August 2016

H. W. Andras
H. W. Andras
Affiliation:
University Life Assurance Society
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Extract

Many valuable papers have been read before this Institute in recent years on the subject of the sources of surplus, on various methods of bonus distribution and on kindred subjects, notably those of Mr. Sunderland in 1887 and 1890 (J.I.A., xxvi, 357, and xxviii, 257); Mr. Rothery in 1892 (J.I.A., xxx, 131); Mr. G. F. Hardy in 1894 (J.I.A., xxxi, 261); and Mr. G. J. Lidstone in 1895 (J.I.A., xxxii, 73); which are, in my opinion, contributions to actuarial science of the utmost value and models of concise language and elegant demonstration for the actuarial student.

Information

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 32 , Issue 5 , April 1896 , pp. 320 - 371
Copyright
Copyright © Institute and Faculty of Actuaries 1896

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References

page 321 note * The ordinary branch of a large industrial office distributes annually on the uniform bonus plan, but I know of no other office distributing bonuses annually under this system.

page 356 note * The pure premiums at age 20 being approximated.