The British Actuary in the United States.

1959 ◽  
Vol 15 (05) ◽  
pp. 358-380
Author(s):  
D. H. Miles

This paper was intended to be a further paper in the series that has been presented to the Students' Society featuring the work of the Actuary overseas. The first was T. R. Suttie's paper, ‘The Actuary in Canada’ (J.S.S.13, 199), and subsequent papers were by D. Drybrough, ‘Life Assurance in Australia’ (J.S.S.14, 1), and by de Smidt, Williams and Rodger, ‘The Actuary in South Africa’ (J.S.S.14, 348). In view of the fact that a number of British actuaries are now working in the United States, it was thought that a further paper might deal with the position there, despite the difference that in this case actuaries do not look to the Institute and the Faculty as the seats of learning, although Spurgeon's text-book was until recently an official text-book for the Society of Actuaries.

2005 ◽  
Vol 96 (3) ◽  
pp. 627-634 ◽  
Author(s):  
Andile Mji ◽  
Haitham M. Alkhateeb

The combined coefficient alpha from studies reporting the reliability of scores using the Conceptions of Mathematics Questionnaire were computed. Five studies comprising 898 participants were evaluated. A test of differences among the independent coefficients alpha was statistically significant (χ42 = 10.38, p = .04) for the Fragmented and (χ42 = 11.58, p = .02) for the Cohesive subscales. Post hoc comparisons showed the difference ( F129,299= 1.50, p = .003) was between Australia and Nigeria for the former and ( F155,157 = 1.54, p = .004) between South Africa and the United States for the latter alpha values. A one-way analysis of variance, testing for homogeneity among means within each subscale, indicated that these were homogeneous because the measure of the strength of association accounted for 10% of variability. As reliability coefficients were from homogeneous samples and alpha values were not different, the combined reliability is the best estimate of the population reliability for each subscale.


1999 ◽  
Vol 5 (2) ◽  
pp. 297-356 ◽  
Author(s):  
P. J. L. O'Keeffe ◽  
A. C. Sharp

ABSTRACTThis paper reviews some principles surrounding the reporting of realistic profits for life assurance companies and reports on the methods used in the United States of America and in Australia. Mention is also made of the valuation method adopted in South Africa.


2020 ◽  
Vol 12 (1(J)) ◽  
pp. 55-65
Author(s):  
Adegbemi Babatunde Onakoya ◽  
SEYINGBO, Adedotun Victor

Okun’s law in its original form was predicated on the experience in the United States of America. Some methodological refinements have been added based on studies conducted in other climes with varied results. This research investigated the applicability of this law in Nigeria, South Africa and the United States of America. The study conducted a comparative analysis of three of the versions of the law. The research employed Ordinary Least Squares method having validated it’s appropriateness with Dickey-Fuller and Philips-Perron tests. The demonstrated superiority of the dynamic version over the difference version was manifest in all the countries. The result also showed that the dynamic version of the law was applicable in the three nations while the difference version showed the lack of linkage between economic growth and unemployment only in Nigeria. Deployment of employment creative employment schemes, labour market reform and economic restructuring are recommended in the Nigerian case.  The policy makers on South Africa and USA are enjoined to pursue growth- inducing policies. 


2019 ◽  
Vol 12 (1) ◽  
pp. 28-50 ◽  
Author(s):  
Patrick M. Kirkwood

In the first decade of the twentieth century, a rising generation of British colonial administrators profoundly altered British usage of American history in imperial debates. In the process, they influenced both South African history and wider British imperial thought. Prior usage of the Revolution and Early Republic in such debates focused on the United States as a cautionary tale, warning against future ‘lost colonies’. Aided by the publication of F. S. Oliver's Alexander Hamilton (1906), administrators in South Africa used the figures of Hamilton and George Washington, the Federalist Papers, and the drafting of the Constitution as an Anglo-exceptionalist model of (modern) self-government. In doing so they applied the lessons of the Early Republic to South Africa, thereby contributing to the formation of the Union of 1910. They then brought their reconception of the United States, and their belief in the need for ‘imperial federation’, back to the metropole. There they fostered growing diplomatic ties with the US while recasting British political history in-light-of the example of American federation. This process of inter-imperial exchange culminated shortly after the signing of the Treaty of Versailles when the Boer Generals Botha and Smuts were publicly presented as Washington and Hamilton reborn.


Author(s):  
Roberts Cynthia ◽  
Leslie Armijo ◽  
Saori Katada

This chapter evaluates multiple dimensions of the global power shift from the incumbent G5/G7 powers to the rising powers, especially the members of the BRICS (Brazil, Russia, India, China, and South Africa). Taking note of alternative conceptualizations of interstate “power,” the text maps the redistribution of economic capabilities from the G7 to the BRICS, most particularly the relative rise of China and decline of Japan, and especially Europe. Given these clear trends in measurable material capabilities, the BRICS have obtained considerable autonomy from outside pressures. Although the BRICS’ economic, financial, and monetary capabilities remain uneven, their relative positions have improved steadily. Via extensive data analysis, the chapter finds that whether one examines China alone or the BRICS as a group, BRICS members have achieved the necessary capabilities to challenge the global economic and financial leadership of the currently dominant powers, perhaps even the United States one day.


2010 ◽  
Vol 13 (2) ◽  
Author(s):  
John F Cogan ◽  
R. Glenn Hubbard ◽  
Daniel Kessler

In this paper, we use publicly available data from the Medical Expenditure Panel Survey - Insurance Component (MEPS-IC) to investigate the effect of Massachusetts' health reform plan on employer-sponsored insurance premiums. We tabulate premium growth for private-sector employers in Massachusetts and the United States as a whole for 2004 - 2008. We estimate the effect of the plan as the difference in premium growth between Massachusetts and the United States between 2006 and 2008—that is, before versus after the plan—over and above the difference in premium growth for 2004 to 2006. We find that health reform in Massachusetts increased single-coverage employer-sponsored insurance premiums by about 6 percent, or $262. Although our research design has important limitations, it does suggest that policy makers should be concerned about the consequences of health reform for the cost of private insurance.


Criminologie ◽  
2005 ◽  
Vol 30 (1) ◽  
pp. 53-72 ◽  
Author(s):  
Marc Alain

The professional smuggling of mass consumption products develops when demand for a product is not adequately fulfilled by the legitimate market. The difficulties encountered in supplying are, in most contemporary cases, caused by real rarity of the desired product. For other cases, however, the rarity is largely virtual in that government taxes aimed at the product in question lead to increasing the product's price to a prohibitive end. This was the case with cigarettes in Canada between 1985 and 1994. Before both, the federal and provincial, governments decided to drastically decrease cigarette taxes in February 1994, the price for a pack of cigarettes was five to six times higher than the same product in the United States. This article begins with a brief review of the contribution made by economists in regard to contemporary smuggling. Focus will be aimed at common characteristics of the smuggling phenomenon across the world. Elements which are more particular to the Canadian smuggling situation will be identified as well. While the difference in the price of cigarettes between Canada and the United States would seem to be the undeniable driving force behind the development of smuggling activities at the countries ' border, one key question remains unexplained. Why was the volume of contraband unequally distributed across Canada even though the price of cigarettes remained largely consistent throughout all provinces? The level of organization of smuggling networks was much higher in Eastern Canada, and particularly in Quebec, than it was in the western provinces. It is argued that the reasons for this are not only due to price, but to a series of political, historical, and geographical factors which allowed cigarette smugglers to function better in Quebec than in the rest of the country.


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