Definition, Meaning & Synonyms
actuary
noun
/ˈak.tʃuː.ər.i/
Definition
An actuary is a professional who analyzes the financial implications of risk and uncertainty, primarily in the insurance sector.
Examples
- An actuary calculated the premiums for the new insurance policy.
- Many actuaries work for insurance companies to evaluate risks.
- She decided to become an actuary after enjoying her math classes in college.
Meaning
Actuaries use mathematics, statistics, and financial theory to assess the probability of events and their potential financial impact.
Synonyms
- risk analyst
- insurance specialist
- financial analyst
