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ENGELBACHS IN IRELAND????? YES!!!!!!
IN 1885, HAROLD ENGELBACH WAS ELECTED THE FIRST PRESIDENT OF THE
INSURANCE INSTITUTE OF IRELAND.
The following information was taken from "A FULLER HISTORY OF THE SOCIETY OF ACTUARIES IN IRELAND See the article in its entirety at the link below
1. Introduction
The Republic of Ireland is a small country with a population of 3½ million people. It was part of the United Kingdom until 1922, at which time political independence was achieved. Ireland inherited all of the United Kingdom’s legislation at the time of its independence and for some time after independence legislation in financial matters continued to reflect a strong United Kingdom influence. In time, differences in approach emerged, and these differences increased after Ireland joined the European Union in 1973 and after the link between sterling and the Irish pound was broken when Ireland joined the European Monetary System in 1979.
2. The Early Actuaries
Records relating to the actuarial profession in Ireland in the nineteenth century are scant. However, there were actuaries resident and working in Ireland during the last quarter of the nineteenth century. The records of The Insurance Institute of Ireland show that its first President, elected at its foundation in 1885, was Harold Engelbach, a Fellow of the Institute of Actuaries. Furthermore, the lists of members of the Institute of Actuaries for the year 1895 show that Mr Engelbach was still working in Ireland at that time. The list of members of the Institute of Actuaries for the year 1898 show that John Lewis, a Fellow of both the Institute of Actuaries and the Faculty of Actuaries, Charles Howell, an Associate of the Institute of Actuaries, and Samuel Hunter, an Associate of the Institute of Actuaries, were practising in Dublin.
The History of The Insurance Institute of Ireland, published for its centenary in 1985, indicates that one of its early educational initiatives was to provide classes for students undertaking the examinations of the Institute of Actuaries. It seems, however, that this initiative was abandoned after a relatively short period.
It would appear that those actuaries who worked in Ireland in the second half of the nineteenth century and in the early years of the twentieth century came from Great Britain. They would in all likelihood have seen themselves as members of the United Kingdom actuarial profession who happened to be working in Ireland. It cannot therefore be said that a distinct actuarial profession existed in Ireland at that time. This is not surprising, given that Ireland was then part of the United Kingdom and did not have a separate legal and economic system. Following Irish independence in 1922, a separate legal and economic system gradually emerged, and with it the need for a local supply of relevant skills.
To read the full article view:
A FULLER HISTORY OF THE SOCIETY OF ACTUARIES IN IRELAND
