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Actuary
(redirected from Actuarian)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Actuary
A 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.


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``It took me six months to realise that I didn't actually want to be an actuarian -- essential as such a people are to the insurance industry -- and I began to look around for something else,'' he said.
Actuarians (once described as people who find accountancy too exciting) are sober-suited number crunchers who calculate insurance risks and payments.
A leading actuarian claimed recently that in future people are likely to have to work to an older age than now.
 
 
 
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