The Indianapolis journal., 1904-05-15
instruction in Insurance Given
In Big Universities Of Country
Youne to Selling Life
Insur Now Have Every Advantage a e Start
.Amerca Leads All Countries

IL necessary for men to take courses in in
struction along this line. OF course, the
instruction necessary is purely mathemat-
lcal. for the risks which company stakes
on persons life must not at the present
time be merely the subject of guess work,
but must be figured on purely scientific
basis, so that the companys loss will be
minimized, for of late years nine people out
of every ten have their lives insured. This
is particularly true of men, and many OF
them carry very large policies. so If they
should happen to die their families are left
independent
I'm many of the universities of the United
States this course has been added, and the
work that has been carried on is highly sat
isfactory and promises great results. In the
last five years particularly the study of in
surance has made great progress in many of
our great universities"
What college was 1t that recognized the
Importance of this branch and prepared a
course of study along this 1ine?" was
asked
1T began some years ago with the Uni
versity of Wisconsin. which will be re-
membered as a pioneer in this direction.
The University of Michigan followed, with
James w. Glover in charge and this uni
versity is still the only one that under
takes to prepare an applicant for exami-
nations of the Actuarial Society of
America.
1.-The State University of Iowa is now
giving course in the mathematical theory
of insurance, and the University of Cali
fornia is giving actuarial instruction, as is
the University of Chicago, while the Bos-
ton University has just begun course in
insurance teaching. The University of the
City of New York is also giving course in
insurance law
Besides these there are number of
others which are preparing courses along
this line, and L understand that the Uni
versity of Wisconsin contempates extend
ing its insurance course even beyond its
present limit. Yale College has lectures
on insurance by it's own instructor in the
department of mathematics, economics and
statistics, and also lectures on insurance
law for men\ engaged in actual business
The insurance man was asked what
studies these colleges gave the students,
and replied:
Some half dozen courses are offered, in
cluding mathematics of annuites and in
surance statistics and other branches OF
actuarial science Then some of the uni
versities also offer a three years course in
law, in the third year of which each stu
dent is required to elect certain work on
insurance and annuities.
"A large number of colleges and schools
moreover, throughout the country, either
teach insurance indirectly in their courses
of mathematics and political economy OF
contemplate adopting courses in this
science.
I'm addition to what the colleges are do
ing in this line, 1.-The insurance man con-
tinued, ''the large insurance companies
have Of late been doing good work by
giving courses of lectures at some of the
leading universities.
Life insurance instruction is at it's bes
in the United States, where the science has
found its fullest development and express
sion. not only along theoretical. but also
been accomplished, the subject has as YET
been little more than touched upon, and in
the future insurance work is likely not only
to be q part of the academic system, but
also in it's practical application to Absorb
more and more of the energies and talents
/ of educated men,"