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actuary
(redirected from actuaries)

    Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson 0.04 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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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.
Pressman Champions the Industry's Actuaries; GE Insurance Solutions ... by Business Wire
Actuaries specialize in the quantification and measurement of risk and contingent amounts.
The actuary's role by Best's Review
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.
Principal Financial Group Announces Executive Promotion in Retirement ... by Business Wire
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