Filip Lundberg
| Filip Lundberg | |
|---|---|
| Born |
June 2, 1876 Sweden |
| Died | December 31, 1965 (aged 89) Sweden |
| Nationality | Swedish |
| Fields | Mathematics, Finance |
| Institutions | De Förenade, Lif-Victoria |
| Alma mater | University of Uppsala |
| Known for | A founder of mathematical risk theory, ruin theory |
Ernst Filip Oskar Lundberg (2 June 1876 – 31 December 1965) Swedish actuary, and mathematician. Lundberg is one of the founders of mathematical risk theory and worked as managing director of several insurance companies.
According to Harald Cramér, "Filip Lundberg's works on risk theory were all written at a time when no general theory of existed, and when collective reinsurance methods, in the present sense of the word, were entirely unknown to insurance companies. In both respects his ideas were far ahead of their time, and his works deserve to be generally recognized as pioneering works of fundamental importance."
Born in 1876, Filip Lundberg's father, Philip Lundberg, was a school teacher in mathematics who died just three months after Lundberg was born. Filip's first ambition was to follow his father's career in mathematics. He studied mathematics at the University of Uppsala, graduating in 1896 and receiving his Licentiate in 1898. However, instead of becoming a teacher, Filip joined a newly founded insurance company. In 1903, Lundberg went on to defend his doctoral thesis on the probability and collective risk. He soon moved to a second company where he was appointed actuary and, at the age of 28, became its managing director. From 1904 to the 1930s, Lundberg's activities were divided between his everyday life and trying to understand the relationship between the concepts 'collective' and 'risk'. Lundberg's results are described in his academic publications between the years 1909 and 1930. His major works on the ruin problem were published in 1926 and 1928. From 1910 on, he was a leading voice in debates about the life insurance industry and a prolific writer and debater. Lundberg advocated a cautious approach to the insurance business which emphasized consolidation before expansion. Lundberg went on to become a leader of the industry, managing other companies, serving as chairman of the Association of Swedish Life Insurance Companies for ten years, and sitting on government committees on insurance. Filip Lundberg left his last position within Swedish insurance, as chairman of the board of Eir, in the same year that his collective risk theory was definitively clarified. Filip Lundberg died in 1965.
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