actuary Definition
a person who calculates financial risk and uncertainty of future events using mathematics, statistics, and financial theory.
Using actuary: Examples
Take a moment to familiarize yourself with how "actuary" can be used in various situations through the following examples!
Example
The actuary calculated the risk of insuring the new building.
Example
Actuaries use complex mathematical models to predict future events.
Example
She became an actuary after studying mathematics and statistics in college.
actuary Synonyms and Antonyms
Synonyms for actuary
Phrases with actuary
the discipline that applies mathematical and statistical methods to assess risk in insurance, finance, and other industries
Example
He earned a degree in actuarial science and now works for an insurance company.
a statistical table used by actuaries to calculate life expectancy and probability of death
Example
The actuary consulted the actuarial table to determine the life expectancy of the policyholder.
a professional designation awarded to actuaries who have demonstrated expertise in the field and passed rigorous exams
Example
She earned her FSA designation and is now a fellow of the Society of Actuaries.
Origins of actuary
from Latin 'actuarius', meaning 'copyist, registrar'
Summary: actuary in Brief
An 'actuary' [ˈæk.tʃu.ər.i] is a person who uses mathematics, statistics, and financial theory to calculate financial risk and uncertainty of future events. They work in fields such as insurance and finance, using complex mathematical models to predict future events. Phrases like 'actuarial science' and 'actuarial table' are used to describe the discipline and tools used by actuaries. The professional designation 'fellow of the Society of Actuaries' is awarded to those who have demonstrated expertise in the field.
