“The introduction of PMFBY brought some much-needed pricing correction and enhanced the benefit’s scope, bringing millions of additional farmers under insurance coverage”
Once a year, UK investors receive a statement on the performance of their investments and pensions – but the information provided is often shamefully baffling and incomprehensible.
Correlation matrices arise in many applications to model the dependence between variables. Dan Georgescu and Nick Higham ask what happens when we have a partially specified matrix and we wish to fill in the missing elements
Brandon Horwitz looks at assessing value for money for investment funds, and how remedies adopted by the FCA aim to build on a duty to act in the best interests of investors
ince its emergence in the 1500s, the UK life insurance industry has been a keen adopter of technologies. The earliest life insurance policy is believed to be dated 1583 and covers the life of a William Gibbons. At that time, technology included the abacus – one of the earliest calculating devices. The 1700s saw the introduction of logarithms and mortality tables, while the 1800s brought machines and devices to assist calculation. Electrically operated machines began to appear in actuarial departments in the 1930s, but it wasn’t until the early 1960s that we saw the first electronic desk calcu
