Abstract
In the insurance industry probabilities of events must be determined, so that rates are established. These differ for policyholders contracting same insurance policies depending on several analyzable rating factors. As part of the analytical procedures, Actuaries use statistics to estimate and manage risk when evaluating policy applications and setting premium rates. Based on probability, some individuals pose a higher risk and are more probable to file claims.1
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Articles
Actuarial Life Table – Social Security Administration www.ssa.gov/OACT/STATS/table4c6.html
Babbage and Tennyson www.uh.edu/engines/epi879.htm
Babbage’s Last Laugh. The Economist. 9 September 1999.
Charles Babbage. New World Encyclopedia
Charles Babbage Biography www.biographyonline.net/scientists/inventors/charles
Charles Babbage Biography – life, family, childhood, children www.notablebiographies.com
Charles Babbage – Biography – Mathematician, Inventor www.biography.com/people/charles-babbage-9193834
Charles Babbage: the brain that invented the computer www.gizmag.com/go/1288/
Demography www.encyclopedia.chicagohistory.org/pages/962.html
Demography, History of www.sciencedirect.com/science/article/pii/B0080430767000565
Hammurabi (King of Babylonia.), Claude Hermann Walter Johns, The Oldest Code of Laws in the World: The Code of Laws Promulgated by Hammurabi, King of Babylon, B.C. 2285–2242, The Lawbook Exchange, Ltd., 1926
How Is Probability Applied to Insurance? www.ehow.com
How Probability Is Used to Calculate Term Life Insurance www.termlifeinsurancequotes.com/articles/how-probability
John Graunt – Statistician www.yatedo.com/p/John+Graunt/…/a8339884d5fbd27fc6a3eccde50714bd
Joseph-Marie Jacquard – History of Computers www.history-computer.com/Dreamers/Jacquard.html
Life Insurance Mathematics PDF www.insurance3.net/Life-Insurance-Mathematics-pdf.html
Mathematics of Risk www.westfield.ma.edu/ecke/342/342-Intro-to-Risk.pdf
Probability www.mathgoodies.com/lessons/vol6/intro_probability.html
Probability of events www.mathplanet.com/…/probability-of-events
Probability Questions with Solutions www.analyzemath.com/statistics/probability_questions.html
Roegel, D. (2009). Prototype fragments from babbage’s first difference engine. IEEE Annals of the History of Computing, 31(2), 70–75.
SCI/TECH | Babbage printer finally runs. BBC News. 13 April 2000
Swade, Doron. “Babbage, Charles.” Oxford Dictionary of National Biography (online ed.). Oxford University Press.
What does this quote by Winston Churchill mean? https://answers.yahoo.com/question/index?qid
What is actuarial science? www.businessdictionary.com/definition/actuarial-science.html
Books
Babbage, C. (1826). A comparative view of the various institutions for the assurance of lives. London: J. Mawman.
Babbage, C. (1832). On the economy of machinery and manufactures . London: Charles Knight. (ch. 17 “Of Price as Measured by Money”)
Babbage, C. (1864). Passages from the life of a philosopher. London: Longman, Green, Longman, Roberts, & Green.
Babbage, C., & Campbell-Kelly, M. (Ed.). (1989). The works of Charles Babbage V. London: William Pickering.
Collie, B., & MacLauchlan, J. (2000). Charles Babbage: And the engines of perfection. Oxford: Oxford University Press.
de Moivre, A. (1718). The doctrine of chances: Or, A method of calculating the probability of events in play. London: W. Pearson.
Flood, R., Rice, A., & Wilson, R. (2011). Mathematics in Victorian Britain. Oxford: Oxford University Press
Halacy, D. S. (1970). Charles Babbage, Father of the computer. New York, NY: Crowell-Collier, Press.
Hyman, A. (1985). Charles Babbage: Pioneer of the computer. Princeton, NJ: Princeton University Press.
Lingren, M. (1990). Glory and failure: The difference engines of Johann Müller, Charles Babbage and Georg and Edvard Scheutz. Cambridge, MA: MIT Press.
Morrison, P., & Morrison, E. (1961). Charles Babbage on the principles and development of the calculator: And other seminal writings. New York, NY: Courier Dover Publications.
Padua, S. (2015). The thrilling adventures of Lovelace and Babbage. New York, NY: Knopf Doubleday Publishing Group.
Swade, D. (2000). The Cogwheel brain: Charles Babbage and the quest to build the first computer. London: Little Brown and Company. (American title, The Difference Engine.)
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 Sense Publishers
About this chapter
Cite this chapter
Nowlan, R.A. (2017). Computer Pioneer. In: Masters of Mathematics. SensePublishers, Rotterdam. https://doi.org/10.1007/978-94-6300-893-8_32
Download citation
DOI: https://doi.org/10.1007/978-94-6300-893-8_32
Publisher Name: SensePublishers, Rotterdam
Online ISBN: 978-94-6300-893-8
eBook Packages: EducationEducation (R0)