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actuary
ac·tu·ar·y A0072500 (ăk′cho͞o-ĕr′ē)n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin āctuārius, secretary of accounts, from ācta, records, from neuter pl. past participle of agere, to drive, do; see ag- in Indo-European roots.] ac′tu·ar′i·al (-âr′ē-əl) adj.ac′tu·ar′i·al·ly adv.actuary (ˈæktʃʊərɪ) n, pl -aries (Professions) a person qualified to calculate commercial risks and probabilities involving uncertain future events, esp in such contexts as life assurance[C16: (meaning: registrar): from Latin āctuārius one who keeps accounts, from actum public business, and acta documents, deeds. See act, -ary] actuarial adj actuarially adjac•tu•ary (ˈæk tʃuˌɛr i) n., pl. -ar•ies. 1. a person who computes insurance premium rates, dividends, risks, etc., based on statistical data. 2. Archaic. a registrar or clerk. [1545–55; < Latin āctuārius shorthand writer, clerk] actuarya statistician of an insurance company who calculates risks and premiums.See also: FinanceThesaurusNoun | 1. | actuary - someone versed in the collection and interpretation of numerical data (especially someone who uses statistics to calculate insurance premiums)statisticianstatistics - a branch of applied mathematics concerned with the collection and interpretation of quantitative data and the use of probability theory to estimate population parameterscalculator, estimator, figurer, reckoner, computer - an expert at calculation (or at operating calculating machines)surveyor - someone who conducts a statistical survey | TranslationsActuary
Actuary An accredited insurance mathematician who calculates premium rates, reserves, and dividends and prepares statistical studies and reports.Actuary
ActuaryA statistician who computes insurance and Pension rates and premiums on the basis of the experience of people sharing similar age and health characteristics. The profession also includes statisticians who provide expert data analysis on risk assessment and risk management for the financial services sector. Actuaries are most often employed within the insurance industry, but also prepare and assess data for commercial and investment banks, retirement and pension fund administrators, or are self-employed as consultants. Specific data prepared by actuaries is often presented in the form of actuarial tables (mortality tables) that indicate the life expectancy of an individual. Such tables may be used as the bases for calculating estimated insurance premiums or monthly retirement annuities. When utilized by expert witnesses, actuarial tables are admissible in evidence to show life expectancy. Juries may award damages to plaintiffs for compromised life expectancy resulting from the alleged wrongdoing of tortfeasors (wrongdoers). ACTUARY. A clerk in some corporations vested with various powers. In theecclesiastical law he is a clerk who registers the acts and constitutions ofthe convocation. actuary
ActuaryA statistician who works for an insurance company or other organization that assesses risk. The actuary computes various risk factors and determines the likelihood of whether (or when) an event will occur. For example, an actuary will look at a person's medical information, such as height, weight, and pre-existing conditions, and mathematically determine how likely it is that the person will cost the insurance company more than he/she will pay in premiums. This helps the insurance company decide whether the person will receive coverage and, if so, what the monthly premium will be.actuary a statistician employed by an INSURANCE COMPANY to calculate insurance risks and premiums.actuary a statistician who calculates insurance risks and premiums. See RISK AND UNCERTAINTY, INSURANCE COMPANY.actuary
Synonyms for actuarynoun someone versed in the collection and interpretation of numerical data (especially someone who uses statistics to calculate insurance premiums)SynonymsRelated Words- statistics
- calculator
- estimator
- figurer
- reckoner
- computer
- surveyor
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