Thiele also was a founder and Mathematical Director of the Hafnia Insurance Company and led the founding of the Danish Society of Actuaries.
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Thiele was able to reconcile the Biblical chronological data from the books of Kings and Chronicles with the exception of synchronisms between Hoshea of Israel and Hezekiah of Judah towards the end of the kingdom of Israel and reluctantly concluded that at that point the ancient authors had made a mistake.
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Thiele noticed that the cross references given during the long reign of King Asa of Judah had a cumulative error of 1 year for each succeeding reign of the kings of Israel: the first cross-reference resulted in an error of 1 year, the second gave an error of 2 years, the third of 3 years and so on.
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With this understanding of chronology, Thiele showed that the 14 years between Ahab and Jehu were really 12 years, which meant that he could date their reigns precisely, for Ahab is mentioned in the Kurk Stele which records the Assyrian advance into Syria/Palestine at the Battle of Qarqar in 853 BC, and Jehu is mentioned on the Black Obelisk of Shalmaneser III paying tribute in 841 BC.