DEFINITION of 'Actuary'

A professional statistician working for an insurance company. They evaluate your application and medical records to project how long you will live.


Actuaries are intensively educated and their knowledge is used in many different fields in order to predict future events based upon past occurences.

  1. Compound Probability

    A mathematical term relating to the likeliness of two independent ...
  2. American Risk and Insurance Association

    A professional organization for academics and associates in the ...
  3. College Of Insurance

    One of several institutions of higher learning that teach courses ...
  4. Actuarial Science

    A discipline that assesses financial risks in the insurance and ...
  5. Canadian Institute Of Actuaries ...

    The Canadian Institute of Actuaries, or CIA, is an organization ...
  6. Actuarial Analysis

    The examination of risk by a highly educated and certified professional ...
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  1. How are open market operations and monetary policy related?

    An aggregate limit is the maximum amount an insurance company agrees to pay to cover claims during a defined period, generally ... Read Full Answer >>
  2. What impact have terrorist attacks had on the insurance industry?

    Terrorism has led to massive losses for the insurance industry. The attacks on Sept. 11, 2001 totaled $31.6 billion in costs ... Read Full Answer >>
  3. What are examples of risks for all underwriter types?

    There are two main types of underwriting: insurance and investment. Insurance underwriters guarantee to service the obligations ... Read Full Answer >>
  4. Do FHA loans have private mortgage insurance (PMI)?

    he When you make a down payment from 3 to 20% of the value of your home and take out a Federal Housing Administration (FHA) ... Read Full Answer >>
  5. Does renters insurance cover water damage?

    An all-perils renters insurance policy does cover water damage, less the deductible, to personal property if the damage is ... Read Full Answer >>
  6. Does a Flexible Spending Account (FSA) cover massages?

    Flexible Spending Accounts (FSAs) cover massages for certain medical treatments. These treatments must be approved and prescribed ... Read Full Answer >>

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