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George Barrett (actuary)
George Barrett (1752–1821) was a British actuary. Life Barrett was the son of a farmer of Wheeler Street, a small hamlet in Surrey. At an early age, although engaged in daily labour, he made, unaided, considerable progress in mathematics, taking special interest in the class of problems connected with the duration of human life. He afterwards, during a period of twenty-five years (1786–1811), laboured assiduously at his great series of life assurance and annuity tables, working all the while, first as a schoolmaster, afterwards as a land steward, for the maintenance of younger relatives, to whose support he devoted a great part of his earnings. In 1813, he became actuary to the Hope Life Office, but retained that appointment for little more than two years. In the worldly sense his life was all failure. At the age of sixty-four he retired, broken in health and worn in spirit, to pass his remaining days with his sisters, at whose house in Godalming he died in 1821. Works His ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Actuary
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. These risks can affect both sides of the balance sheet and require investment management, asset management, liability (financial accounting), liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms. The name of the corresponding academic discipline is actuarial science. While the concept of insurance dates to antiquity, the concepts needed to scientifically measure and mitigate risks have their origins in 17th-century studies of probability and annuities. Actuaries in the 21st century require analytical skills, business knowledge, and an understanding of human behavior and information systems; actuaries use this knowledge to design programs that manage risk, by determining if the implementation of strategies proposed for mit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |