Meaning Of The Word Actuary

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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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