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The Valuation of Annuity Business

Published online by Cambridge University Press:  18 August 2016

J. A. Westcott  and
E. M. Smith
E. M. Smith
Affiliation:
Sun Life Assurance Society
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Extract

Recent years have seen a material growth in the annuity business of British offices and in many instances what was a relatively insignificant part of the offices' activities has now assumed considerable importance. In fact in the case of some offices, the amount of the liability in respect of annuity business exceeds that in respect of assurances.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 85 , Issue 3 , December 1959 , pp. 321 - 372
Copyright
Copyright © Institute and Faculty of Actuaries 1959

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