This is a comprehensive and accessible reference source that documents the theoretical and practical aspects of all the key deterministic and stochastic reserving methods that have been developed for use in general insurance. Worked examples and mathematical details are included, along with many of the broader topics associated with reserving in practice. The key features of reserving in a range of different contexts in the UK and elsewhere are also covered. The book contains material that will appeal to anyone with an interest in claims reserving. It can be used as a learning resource for actuarial students who are studying the relevant parts of their professional bodies' examinations, as well as by others who are new to the subject. More experienced insurance and other professionals can use the book to refresh or expand their knowledge in any of the wide range of reserving topics covered in the book.

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ...of rendition until paid. Interest on interest-bearing bonds and notes.......................... 17, 946. 00 Total........................................................... 36, 487. 50 GALLATIN, REVENUE CUTTER. That the Secretary of the Treasury is hereby authorized and directed to reimburse the survivors of the ofiicers and crew of the United States revenue cutter Gallatin, wrecked off the coast of Massachusetts on the sixth day of January, eighteen hundred and ninety-two, for losses sustained by them, respectively, in the wreck of said vessel; and there is hereby appropriated a sum sufiicient for carrying out the purposes of this Act: I'r0m'ded, That the Secretary of the Treasury, in determining the amount of such losses, shall in all cases require a schedule and sworn statement of loss, and that no allowance shall he made for any property except that which was useful, necessary, and proper for said oflicers and crew while engaged in the Government service on hoard such revenue cutter; that if any survivor of said wreck entitled to the benefit of this Act shall have died before receiving the reimbursement herein provided for, then such sum, when duly ascertained, shall be paid to his widow, if one survive him, and if not, then to his minor children, if any there be, and the benefit of this Act is further extended to the surviving widow or minor children of any oliicer or member of the crew of said revenue cutter Gallatin whose life was lost at the time of such wreck, and in this case the Secretary of the Treasury may dispense with the sworn statement provided for in this Act. First introduced in the Fifty-second Congress. Favorably reported in both Houses in the Fifty-second, Fifty-fourth, and Fifty-fifth Con resses. g...