actuary definition represents a topic that has garnered significant attention and interest. ACTUARY Definition & Meaning - Merriam-Webster. : a person who calculates insurance and annuity premiums, reserves, and dividends. Recent Examples on the Web.
Examples are automatically compiled from online sources to show current usage. The law firm, Phillips & Cohen LLP, represented the whistleblower, a former Humana actuary. Actuaries assemble and analyze data to estimate the probability and likely cost of an event such as death, sickness, injury, disability, or property loss.
Actuaries are highly sought-after professionals who develop and communicate solutions for complex financial issues. What is an actuary | Actuarial Science and Risk Management | Illinois. Building on this, actuaries are problem solvers who use actuarial science to define, analyze, and solve the financial, economic, and other business applications of future events. Actuaries are the backbone of financial security.
Insurance companies, financial planners, and global corporations rely on us to make informed decisions that protect their futures. What does an actuary do? Another key aspect involves, an actuary specializes in assessing and managing financial risks in various industries, with a primary focus on insurance and pension plans.
ACTUARY | English meaning - Cambridge Dictionary. 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: ACTUARY Definition & Meaning | Dictionary.com.
Actuary definition: a person who computes premium rates, dividends, risks, etc., according to probabilities based on statistical records.. See examples of ACTUARY used in a sentence. Actuary | Risk Management, Financial Modeling & Data Analysis ....
actuary, one who calculates insurance risks and premiums. Actuaries compute the probability of the occurrence of various contingencies of human life, such as birth, marriage, sickness, unemployment, accidents, retirement, and death. actuary noun - Definition, pictures, pronunciation and usage notes .... Definition of actuary noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
📝 Summary
Essential insights from this discussion on actuary definition reveal the importance of understanding this subject. When utilizing this knowledge, readers can gain practical benefits.