Actuaries are experts in assessing risk, so it is not surprising that over the past few years they have become involved in many new areas of financial planning, including the appraisal of major capital projects.

In this collection of essays published to celebrate the Institute of Actuaries' 150th Anniversary, leading experts describe how actuarial concepts have contributed to many important social and financial developments, and how these ideas will continue to "make financial sense of the future."

Even non-mathematicians will find this book useful in understanding how the...