Charting the history and growth of actuarial science in Nepal

While watching Gilmore Girls, I came across an interesting scene where Lorelai is introduced to an actuary by her mother. During the episode, the actuary discusses how he can predict the probability of death with great accuracy and mentions the use of actuarial models to do so. As a student of actuarial science, this scene really caught my attention. I was excited to see a television series from the 2000s that discussed actuaries, life tables, and their importance in insurance.

The history of actuarial science dates back to more than three centuries. Its origins lie in the growing interest in statistics and probability theory in the 17th century. At that time, governments and business people were interested in understanding population trends, mortality rates, and economic risk. But there existed no systematic way to measure how long people would live or how likely they were to die at a given age.