where was the former person from?
London
John Graunt
Born in London, John Graunt was the eldest of the seven or eight children of Henry and Mary Graunt.
what is an 'actuary'? A business professional who deals with the measurement and management of risk and uncertainty. what is its traditional employment requirements? Calculation skills, using sophisticated approximations called commutation functions, to facilitate timely, accurate, manual calculations of premiums. what are some early ones? Charitable operations; A small sum was paid into a communal fund on a weekly basis, and upon the death of a member, the fund would cover the expenses of rites and burial ; Non-life insurance when did its theory develop? 17th century where did it develop? England who is responsible for its creation? John Graunt, Edmond Halley
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John Graunt [SEP] Biography
Born in London, John Graunt was the eldest of the seven or eight children of Henry and Mary Graunt. Graunt's father was a draper who had moved to London from Hampshire. In February 1641, Graunt married Mary Scott, with whom he had one son (Henry) and three daughters. He became a freeman of the Drapers' Company at age 21. Graunt worked in his father's shop until his father died in 1662, and Graunt became influential in the City. He was able to secure the post of professor of music for his friend William Petty in 1650. He served in various ward offices in Cornhill ward, becoming a common councilman about 1669–71, warden of the Drapers' Company in 1671 and a major in the trained band.