[PAR] [TLE] The Equitable Life Assurance Society [SEP] The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance company in the United Kingdom.  The world's oldest mutual insurer, it pioneered age-based premiums based on mortality rate, laying “the framework for scientific insurance practice and development” [PAR] [TLE] George William Penrose, Lord Penrose [SEP] George William Penrose, Lord Penrose, PC (born 2 June 1938), is a Scottish judge (from 1990) and member of the Privy Council (from 2000) who sat in the Court of Session, the supreme civil court.  He is best known for heading the Penrose Inquiry into the near-collapse of the mutual life assurance company Equitable Life.  In 2001, Lord Penrose was asked by the Treasury to investigate the history of the company.  His 818-page report was published on 8 March 2004.
[PAR] [TLE] The Equitable Life Assurance Society [ SEP ] The Equitable Life Assurance Society ( Equitable Life ) , founded in 1762 , is a life insurance company in the United Kingdom . The world 's oldest mutual insurer , it pioneered age - based premiums based on mortality rate , laying “ the framework for scientific insurance practice and development ” [PAR] [TLE] George William Penrose , Lord Penrose [ SEP ] George William Penrose , Lord Penrose , PC ( born 2 June 1938 ) , is a Scottish judge ( from 1990 ) and member of the Privy Council ( from 2000 ) who sat in the Court of Session , the supreme civil court . He is best known for heading the Penrose Inquiry into the near - collapse of the mutual life assurance company Equitable Life . In 2001 , Lord Penrose was asked by the Treasury to investigate the history of the company . His 818-page report was published on 8 March 2004 .
When was the insurance company founded, whose near collapse was investigated by George William Penrose, Lord Penrose ?
When was the insurance company founded , whose near collapse was investigated by George William Penrose , Lord Penrose ?
1762
1762