Filip Lundberg

Who was Filip Lundberg?

Ernst Filip Oskar Lundberg Swedish actuary, founder of mathematical risk theory and 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 stochastic processes 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."

Filip Lundberg's father, Philip Lundberg, was a school teacher and Filip's first ambition was to follow his father's career. He studied mathematics at the University of Uppsala, graduating in 1896 and receiving his Licentiate in 1898. But, instead of becoming a teacher, Filip joined a newly founded insurance company. He soon moved to a second company where he was appointed actuary and at the age of 28 became its managing director. He 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.