ACTUARIAL CONGRESS.

Dominion, Volume 2, Issue 486, 20 April 1909, Page 4

ACTUARIAL CONGRESS.

MR, MORRIS POX TO LEAVE THIS WEEK. Mr.'Morris Fox. Aotuary for,the Government Li£o Insurance JJcpartmonc,. >vno icavw-s•Wel-lington'for''Sydney'en route for Luropo oil . Friday next to attend tins sistli international conference :of actuaries at Vienna, completes 30 years' service with tho Department to-day. He arrived in New Zealand by the .ship Maravel, and after a three months' look round ha obtained ft clerkship in tho actuarial branch of the Government, life Insurance. Department, 'under Mr. Godfrey Knight.. Under Mr., P. W. Frankland; who succeeded Mr. Knight, ho was sent to England to assist. tho. consulting aotuaries, Messrs/ Bniloy,;ltardy,,and' King, with the valuation, . and, shortly, after his"return, lie was appointed assistant,aotuary. , Early ill 181)0, on Mr. Frankland's resignation, from, tho position" of Commissioner and Actuary, Mr. Fox was 'appointed Actuary. Ho represented Now Zealand at tho Actuarial Congress held in New York;''in 1903. ; ; •• • Au idea of what kind of work is done at these conferences enn, bo readily , gained .from tho following subjeots set; down for, discussion(l) Tlio suptrvisibn of insurance,, companies: from an' actuarial stanapoint t, (2). inmtmonts; of ..in-' ■ suranoo companies, with reference to I modern developments; (3) methods ;of ~ compu* ting premiums and premium reserves in na> tional (i.e., compulsory) insurance; (-t) the pr<>' bleni of tho mathematical risk; (5) the economic relations between national assurance and assuranco by private (unofficial) coinpauies; (0) is it desirable'to-'divide ■'.'under average";lives for tlio purposo of assurance into .special classes. 1 according to-their distinguishing. featuroß, and. i ■ jf so, in what'way shohld tli'w, bo classifiedP ■ (7) actuarial science in- its, relation to econo- , mics and sociology i' (8)' history..of,,the . conditions relating to the life assurance- contract in various countries; (9.V computation "of ..policy values by premature cancellation of the con--1 tract (surrender values), .etc. Other: subjects to * bo dealt with will relate to national •' workers' compensation premiums, rates, of mop tality,;and invalidity insurance,