Meaning Of The Word Actuary

Real Dictionary

What's the definition of Actuary? Find Actuary meanings, definitions and more at the Real Dictionary online.

Actuary Meaning

Actuary Definition
Actuary Definition

What's The Definition Of Actuary?

actuary
countable noun: An actuary is a person who is employed by insurance companies to calculate how much they should charge their clients for insurance.

actuary in American English
a person whose work is to calculate statistically risks, premiums, life expectancies, etc. for insurance
noun: a person who computes premium rates, dividends, risks, etc., according to probabilities based on statistical records

actuary in British English
noun: a person qualified to calculate commercial risks and probabilities involving uncertain future events, esp in such contexts as life assurance

actuary in Insurance
noun: An actuary is a mathematician who uses statistics to calculate premiums, dividends, or pension, insurance and annuity rates for an insurance company.

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