Early Actuarial Studies in the Field of Property and Liability Insurance

On this, the Jubilee of the Casualty Actuarial Society, it is tempting to assume that the fifty year period, 1914 to 1964, represents the whole extent of actuarial studies in property and liability insurance. However, many interesting studies in this field were made by actuaries prior to 1914 and it is thought that some short account of these studies should find a place in the "Proceedings" of the Society. No attempt will be made to go beyond that limited field of property and liability insurance, into such areas as accident, health, or disability insurance in which actuaries have always been active; nor will the early work in risk theory be considered within the scope of this study.