Insurance companies offer protection against rare but catastrophic events like hurricanes or earthquakes. But how do they work out the financial risks associated to these disasters? Shane Latchman investigates.
Hardly six months go by without a natural disaster striking some part of the globe. While it's next to impossible to predict these catastrophes, let alone prevent them, mathematical modelling gives a way to prepare for their impact. Shane Latchman explains.
If you had a crystal ball that allowed you to see your future, what would you arrange differently about your finances? Plus talks to the Government Actuary, Chris Daykin about the pensions crisis, and how actuaries use statistical and modelling techniques to plan for all our futures.
Just over 220 years have passed since the death of one of the most distinguished mathematicians in history: Daniel Bernoulli, who died on March 17th, 1782. The name of Bernoulli asks for precision since the family from Basle produced no fewer than eight outstanding mathematicians within three generations.