£95.45

The Religious Roots of Longevity Risk Sharing: The Genesis of Annuity Funds in the Scottish Enlightenment and the Path to Modern Pension Management

Name: The Religious Roots of Longevity Risk Sharing: The Genesis of Annuity Funds in the Scottish Enlightenment and the Path to Modern Pension Management
Brand: Unknown
Price: 95.45 GBP
Availability: InStock

Business & Economic History

Price data last checked 178 day(s) ago - refreshing...

View at Amazon

We'll watch every seller, every day. One email when your price arrives.

About as cheap as it gets. The only time it was cheaper was 1 year ago.

£95 today · all-time low £93 (Feb 2025) · usually the usual

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 407 days • 407 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 407 days • 4 price levels

Days at Price

Current Price

Price Analysis

Most common price: £93 (304 days, 74.7%)

Price range: £93 - £99

Price levels: 4 different prices over 407 days

Description

This book presents a unique historical study on the origins of longevity risk management and its links to religious institutions in the eighteenth century. Throughout history, monarchs, affluent patrons, and wealthy benefactors routinely pledged to provide their devotees with pensions or life annuities, mirroring the biblical concept of ‘daily bread for life’. Until the eighteenth century, however, the uncertainty around the longevity of beneficiaries’ lives and the difficulty of budgeting for random financial obligations had posed economic challenges that often led to insufficient funding and high default rates. This book narrates the genesis of longevity risk pooling and the first successfully funded annuity scheme in history, an eventual prototype for national pension plans around the world. It examines how a group of Protestant clergymen, scientists, and intellectuals associated with the Presbyterian Church of Scotland pioneered innovative methods for setting up a reversionary annuity and widow’s pension plan, guided by actuarial principles. Unknown to many, the economist Adam Smith, and other literati of the Scottish Enlightenment, invested in this novel annuity. Illuminating the social and theological contexts of this scheme, the book argues that religious belief played a critical role in the development of best practices around the prudent management of longevity risk. The practices, values and beliefs in divine probabilities were at the heart of these thought leaders’ confidence in long-term financial projections. Shedding light on this fascinating aspect of actuarial history by an examination of the archival records, while also linking to contextual discussions of modern pension challenges, this book will be of interest to scholars and readers interested in finance, insurance, pensions, and religion.

Product Specifications

Format: hardcover
ASIN: 3031624025
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 03 July 2024
Listed Since: 01 May 2024

Barcode

No barcode data available

The Religious Roots of Longevity Risk Sharing: The Genesis of Annuity Funds in the Scottish Enlightenment and the Path to Modern Pension Management

About as cheap as it gets. The only time it was cheaper was 1 year ago.

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Mathematical and Statistical Methods for Actuarial Sciences and Finance: MAF 2022

Actuarial Finance: Derivatives, Quantitative Models and Risk Management

Mathematical and Statistical Methods for Actuarial Sciences and Finance: MAF 2022

Financial Risk Management for Pension Plans (0)

A History of British Actuarial Thought

A History of British Actuarial Thought

Computational Actuarial Science with R: 17 (Chapman & Hall/CRC The R Series)

Computational Actuarial Science with R: 17 (Chapman & Hall/CRC The R Series)

Mathematical and Statistical Methods for Actuarial Sciences and Finance: MAF 2018

Developing an Annuity Market in Europe

Mathematical and Statistical Methods for Actuarial Sciences and Finance

Actuarial Models: The Mathematics of Insurance, Second Edition

R Programming for Actuarial Science

Modelling in Life Insurance – A Management Perspective: 0 (EAA Series)

Longevity Risk

Life, Death and Money: Actuaries and the Development of Social and Financial Markets

Les grands principes de l'actuariat: Vie, Non vie, Gestion actif passif, Maîtrise des risques

A Risky Business: An Actuary’s Guide to Quantifying and Managing Risk in Society

Weiss Ratings Guide to Life & Annuity Insurers, Spring 2016 (Financial Ratings)

Derivative Pricing: A Problem-Based Primer (Chapman and Hall/CRC Financial Mathematics Series)

Financial and Actuarial Statistics: An Introduction, Second Edition

Weiss Ratings Guide to Life & Annuity Insurers, Summer 2016 (Financial Ratings)

Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management: 11 (Innovations in Financial Markets and Institutions, 11)

CS1 Actuarial Statistics MASTERY: 210+ Practice Questions & Complete Solutions - Pass Your IFoA Exam with Confidence