Edward Baylis

Edward Baylis (1791–1861) was a British mathematician and founder of insurance companies.

For the cricketer, see Edward Bayliss.

Life

Baylis began his career as a clerk in the Alliance Insurance Office. He founded a series of life offices between the years 1838 and 1854,[1] in many of which he acted as manager and actuary. In all he expected results which increasing competition made impossible; shareholders and policyholders were promised advantages which they never enjoyed. As a consequence, all Baylis's offices disappeared quite soon, except the English and Scottish Law.

He died in 1861, aged 70, in the Cape of Good Hope, where he had settled in his old age.

Works

Baylis wrote (in 1844) a book on the Arithmetic of Annuities and Life Assurance, adapted more to students.

gollark: I would only trust them if they had an entirely ground-up formally-verified software stack and entirely open-source code/firmware/hardware. Which is unlikely given the pressures to make development go as fast as possible.
gollark: Oops, your neural interface's wireless card has a remotely exploitable vulnerability, your memories will now be overwritten with rickrolls.
gollark: Indeed.
gollark: Computers are wildly insecure and unreliable and humans are complicated.
gollark: What about 17.999999999999 and 18.000000000001?

References
  1. The Victoria, 1838, the English and Scottish Law, 1839, the Anchor, 1842, the Candidate, 1843, the Professional, 1847, the Trafalgar, 1851, the Waterloo, 1852, the British Nation, 1854.
  • "Baylis, Edward" . Dictionary of National Biography. London: Smith, Elder & Co. 1885–1900.
Attribution

 This article incorporates text from a publication now in the public domain: "Baylis, Edward". Dictionary of National Biography. London: Smith, Elder & Co. 1885–1900.



This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.