Edward Baylis

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

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.

References

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.

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[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.