Actuarial Science Quotes

I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.

We didn't grow up in a jock household. In fact, my dad is an entrepreneur. He was a computer programmer; he was a professor of actuarial science at Wharton for 13 years, then started his own company that was software-based.

Since the 17th century, insurance agents have been the foremost experts on risk.

The premise of insurance is to spread the risk. It's the premise of homeowner's insurance, of car insurance, and of health insurance. It's one reason why it's important to have insurance when you're healthy, so that when you get sick, you won't go sign up just when you get sick, because that increases the cost for everyone.

Underwriting is probably the smallest part of our business.

My father wasn't much for show business. He was an insurance man - very well-liked, very warm. He had a lot of friends.

Insurance - an ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.

Human life is proverbially uncertain; few things are more certain than the solvency of a life-insurance company.

My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking.

The insurance industry communicates through codes and check-off boxes. If there's no check-off box for you, you don't exist.

A chart of numbers that would put an actuary to sleep can be made to dance if you put it on one side of a card and Bombo Rivera's picture on the other.

people always live for ever when there is an annuity to be paid them

The solid wealth of insurance companies and the success of those who organsie gambling are some indication of the profits to be derived from the efficient use of chance.

What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.

There are a lot of jobs in the financial industry that do need a math major.

There are only two things as complicated as insurance accounting and I have no idea what they are.

Most economists, including me, agree that longevity insurance would make sense for a lot of people.

Insurance companies don't make anything.

I've been a young man. Boobs are near the center of the universe, until you turn twenty-five or so. Which is also when young men's auto insurance rates go down. This is not a coincidence.

We try to create a situation where we're the casino. It's like how an actuary would set insurance rates. Predictability, predictability, predictability. What's the path to least risk? What's the greater chance of getting some return on this asset?

Facts are, insurance ratings are really dependent on the notion that some people are higher risk than others.

I don't believe there's any evidence that credit scoring is a risk factor. What is it about someone having a worse credit score that makes them a worse driver? (Insurers) can't answer that.

The basic premise of insurance is the pooling of funds from many to cover the costs of some. There are complicated methods for how to do this, but one fact remains consistent: For insurance to work well, people need to be in and stay in the insurance pool.

The life insurance industry is filled with good people who believe in their work and their companies, but who may never have challenged the assumptions underlying their efforts.

The first life insurance societies where formed in England in the years between 1692 and 1720. In America, life insurance became available to the clergy through the Presbyterian Ministers Fund, founded in 1759 (still in existence), and the Episcopal Corporation, founded ten years later (subsequently merged).