actuary

(redirected from actuaries)
Also found in: Dictionary, Thesaurus, Medical, Legal, Wikipedia.
Related to actuaries: Actuarial science

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.

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.
References in periodicals archive ?
19, 1990 memorandum, which stated that National Office actuaries could approve investment returns other than 8% and retirement ages other than 65.
I look forward to helping to expand opportunities for actuaries, to maintain the value of our prestigious credentials, and to attract the best and the brightest students to our global profession.
Among other campaign participants are the American Academy of Actuaries and organizations in Canada and Mexico.
In the United States, TOLIC ranks among the top five largest life reinsurance companies based on new business and inforce volume (policy face amount), according to the 2006 Society of Actuaries (SOA) study of business written in 2005.
She has earned several actuarial designations, including Associate of the Society of Actuaries (ASA), Enrolled Actuary (EA), Member of the American Academy of Actuaries (MAAA), and Member of the Society of Pension Actuaries (MSPA).
Actuaries study the strengths and weaknesses of different reserving methods and the situations to best apply them and how to assess the impact of operational changes and external effects on the reserve estimate.
She is an associate of the Casualty Actuarial Society and a member of the American Academy of Actuaries.
Foster has taught actuarial seminars at Georgia State University and the Society of Actuaries.
With about 15,000 qualified actuaries throughout North America, talent and experience are at an all-time premium.
About the American Academy of Actuaries The American Academy of Actuaries is an 18,500+ member professional association whose mission is to serve the public and the U.
With this competition, we hope to introduce students to the skills actuaries use every day on the job.
Actuaries advise senior managers as well as using the above skills.