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actuary |
Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson | 0.01 sec. |
actuaryOne 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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Addressing the Casualty Actuarial Society Spring Meeting in Phoenix
today, Pressman challenged the actuaries to help the industry reverse a
trend of "self-inflicted cyclicality," stating "the good
news is that because we inflict it on ourselves we know exactly how to
alleviate it. Actuaries specialize in the
quantification and measurement of risk and contingent amounts. He is a Fellow of the
Society of Actuaries, an Enrolled Actuary, a member of the American
Academy of Actuaries, a member of the Des Moines Actuaries' Club,
and a past president of the American Academy of Actuaries. |
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