actuary


actuary
a mathematician whose work is mainly concerned with insurance and finance. Glossary of Business Terms

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actuary ac‧tu‧a‧ry [ˈæktʆuəri ǁ -tʆueri] noun actuaries PLURALFORM [countable]
INSURANCE JOBS someone whose job is to calculate risks, in order to advise insurance companies or pension fund S:

• Such information needs to be made available to actuaries, insurers, and those advising employers.

— actuarial adjective [only before a noun] :

• He has calculated that, based on actuarial tables (= lists of figures used to calculate risks ) , he can count on living about 9,000 more days.

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   A specialist in statistics and the mathematics of risk, often focused on insurance risks and premiums.

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actuary UK US /ˈæktjuəri/ US  /-eri/ noun [C] (plural actuaries)
a person whose job is to calculate risk for insurance companies and pension funds, especially the age to which people are expected to live. The companies and funds use the results to make certain that they always have enough money to make payments to the people who have a right to them: »

Actuaries and auditors have a statutory duty to report anything that exposes the assets of a pension scheme to risk.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Actuary — Damage from Hurricane Katrina. Actuaries need to estimate long term averages of such damage in order to accurately price property insurance and set appropriate reserves. Occupation Names Actuary …   Wikipedia

  • actuary — ac·tu·ary / ak chə ˌwer ē, shə / n pl ar·ies: a person who calculates insurance and annuity premiums, reserves, and dividends Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. actuary …   Law dictionary

  • Actuary — Ac tu*a*ry, n.; pl. {Actuaries}. [L. actuarius copyist, clerk, fr. actus, p. p. of agere to do, act.] 1. (Law) A registrar or clerk; used originally in courts of civil law jurisdiction, but in Europe used for a clerk or registrar generally. [1913 …   The Collaborative International Dictionary of English

  • actuary — (n.) 1550s, registrar, clerk, from L. actuarius copyist, account keeper, from actus public business (see ACT (Cf. act) (n.)). Modern insurance office meaning first recorded 1849 …   Etymology dictionary

  • actuary — ► NOUN (pl. actuaries) ▪ a person who compiles and analyses statistics in order to calculate insurance risks and premiums. DERIVATIVES actuarial adjective. ORIGIN Latin actuarius bookkeeper …   English terms dictionary

  • actuary — [ak′cho͞o er΄ē] n. pl. actuaries [L actuarius, clerk < actus: see ACT1] a person whose work is to calculate statistically risks, premiums, life expectancies, etc. for insurance …   English World dictionary

  • actuary — UK [ˈæktʃuərɪ] / US [ˈæktʃuˌerɪ] noun [countable] Word forms actuary : singular actuary plural actuaries business someone whose job is to calculate the cost of insurance by examining how often deaths, accidents etc happen …   English dictionary

  • actuary — actuarial /ak chooh air ee euhl/, actuarian, adj. actuarially, adv. /ak chooh er ee/, n., pl. actuaries. 1. Insurance. a person who computes premium rates, dividends, risks, etc., according to probabilities based on statistical records. 2.… …   Universalium

  • Actuary — Ac|tu|a|ry [ ɛktjuəri] der; s, s <aus gleichbed. engl. actuary>: 1. Gerichtsschreiber. 2. Statistiker; vgl. ↑Aktuar …   Das große Fremdwörterbuch

  • actuary — [[t]æ̱ktʃuəri, AM tʃueri[/t]] actuaries N COUNT An actuary is a person who is employed by insurance companies to calculate how much they should charge their clients for insurance …   English dictionary


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