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Updated: June 27, 2025
We are very glad to find someone to take it off our shoulders if we can; so glad that we are prepared to pay him for the service, to pay him a sum which covers not only the actuarial equivalent of the risk, but something substantial over and above. In this we are entirely rational. The majority of business risks are not of a kind against which it is possible to insure.
We're making a special rate now on chauffeurs, footmen, and house-servants sent to the war, quite below the rate that actuarial figures justify. It is our little war contribution," he added modestly. "We like to feel that we're doing our bit, too. We had a chauffeur killed last week. We paid for him right off without demur, waived all question of who killed him.
The interesting thing is that discrimination of pricing is very common in the insurance industry the basis for actuarial work and in airlines based on load factors. The Disruptive Engine Innovation and the Capitalistic Dream By: Dr. Sam Vaknin On 18 June business people across the UK took part in Living Innovation 2002.
Provision should be made for extending coverage credit to veterans for the period of their service in the armed forces. In the financial provisions we must reconcile the actuarial needs of social security, including health insurance, with the requirements of a revenue system that is designed to promote a high level of consumption and full employment.
You seem to fear some personal malign influence at work. The fact that up to yesterday there were fourteen out of an original two hundred and thirty-seven seems to disprove such a theory. I have not available actuarial figures, but it seems to me that fourteen out of two hundred and thirty-seven, about six per cent, is a fairly high record of longevity.
It was Jim who took command of his house, "bossed" his two female servants, arranged his railway tours, superintended his kitchen with a view to his own individual tastes; valeted him, kept his cigars within a certain prescribed limit by a firm actuarial principle which transferred any surplus to his own use; gave him good advice, weighed up his friends and his enemies with shrewd sense; and protected him from bores and cranks, borrowers and "dead-beats."
So that this group of trades to which we propose to apply the system of unemployment insurance, roughly speaking, covers very nearly half of the whole field of unemployment; and that half is, on the whole, perhaps the worse half. The financial and actuarial basis of the scheme has been very carefully studied by the light of all available information.
We can do anything they can if we train and educate. I have taken to your business because it is one of the crafty paths we can follow to creep into Man's fastnesses of the Law, the Stock-Market, the Banks and Actuarial work..." Norie: "My dear! You have quite a platform manner already. I want women to work even at quite humble things before they insist on equal rights with man.
It means that the whole field of insurance is far more open to the poorest class of people than it was before, and that with a proper system the benefits of the Old-Age Pensions Act would not be confined to the actual pensioners who are drawing their money, but would extend forwards in anticipation to all other classes and to all other people, and that so far as five shillings a week is concerned that is not much unless you have not got it the actuarial position of every man and woman in this country has been enormously improved by the Old-Age Pensions Act.
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