When exploring actuaries definition, it's essential to consider various aspects and implications. Actuaries are highly sought-after professionals who develop and communicate solutions for complex financial issues. Actuaries assemble and analyze data to estimate the probability and likely cost of an event such as death, sickness, injury, disability, or property loss. 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 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? An actuary specializes in assessing and managing financial risks in various industries, with a primary focus on insurance and pension plans. Actuarial Science: Understanding Risks in Insurance and Finance. From another angle, actuarial science uses mathematical and statistical techniques to evaluate financial risks, particularly in insurance and finance. By applying probability and statistics, it analyzes uncertain...
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 | 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: In relation to this, 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. 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.
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As discussed, actuaries definition constitutes an important topic that merits understanding. Looking ahead, ongoing study about this subject will deliver additional understanding and value.