SummaryUsing as their starting point the work by a group of German speaking actuaries described in a paper published in the Transactions of the 18th I.C.A. (Vol. II, p. 815), Munich, 1968, a working party of European actuaries from eight countries prepared proposals for modernising the actuarial notation. The proposed International Actuarial Publication Language extends beyond compound interest and life assurance to pension fund and sickness insurance functions and is based on the following principles:(a)exclusive use of an internationally established set of characters;(b)linear arrangements of these characters to denote actuarial values and functions;(c)unequivocality, consistency, and, as far as possible, completeness;(d)preservation of the basic concepts and symbols of the present actuarial notation within the framework of these principles, together with the closest possible conformity to modern mathematical notation;(e)attention to the requirements of mechanical reproduction.
Easy adaption of the proposed language to computer use has also been an aim of the authors in their work.