Description: This presentation is from the Digest of Informal Discussion, Transactions of Society of Actuaries 1955 Volume 7, Number 17. This discussion on technology reviews recent [as of 1955] uses of electronic data processing equipment and major computer installations. The speakers also look at the prospects of joint use of large-scale installations by two or more companies, and discuss specific actuarial activities that can be accommodated by electronic data processing machinery, such as calculation of dividends, cash values, and policy reserves.

Description: This discussion looks at the following questions: How well are the life insurance companies carrying out their responsibilities for providing income to the aged? Is there any theoretical basis for determining the maximum annuity which should be underwritten on one life? How are such limits fixed? From Transactions of Society of Actuaries 1955, Vol. 7, No. 19.