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actuary
(redirected from Actuarian)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.

actuary

One who calculates insurance risks and premiums. Actuaries compute the probability of the occurrence of such events as birth, marriage, illness, accidents, and death. They also evaluate the hazards of property damage or loss and the legal liability for the safety and well-being of others. Usually employed by insurance companies, actuaries set premium rates based on statistical studies, establish underwriting procedures, and determine the amounts of money required to assure the payment of benefits.



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``It took me six months to realise that I didn't actually want to be an actuarian -- essential as such a people are to the insurance industry -- and I began to look around for something else,'' he said.
Actuarians (once described as people who find accountancy too exciting) are sober-suited number crunchers who calculate insurance risks and payments.
A leading actuarian claimed recently that in future people are likely to have to work to an older age than now.
 
 
 
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