actuary

an expert in calculating insurance risk

TRANSLATION

actuary = der Versicherungsmathematiker, der Aktuar actuary = ein Sachkundiger, der anhand von mathematischen und statistischen Methoden, aber auch der Wahrscheinlichkeitstheorie, Risiken in Unternehmen und Behörden bewerten und analysieren --- GOOGLE INDEX actuary: approximately 1,300,000 Google hits

STATISTICS

IN THE PRESS

ACTUARY Alison Blay said that in the wake of the financial crisis interest rates had already been declining, but they had now hit unprecedented low levels.

(BBC News)

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As chief ACTUARY, Mr. North would head a department of 42 employees, managing pension systems whose combined funds amount to $35 billion.

(New York Times)

Did you
know?

actuary
noun

- a person who compiles and analyses statistics and uses them to calculate insurance risks and premiums

(Oxford Dictionary)

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An actuary is a risk-management professional who works with mathematical probabilities and other accounting techniques. The current meaning of the word didn't come into use until 1772, although actuarial science had been in use long before.

The word actuary originally referred to someone who was a registrar or clerk. It derives from the Latin word actuarius "account-keeper," which in turn came from āctus "public business."

Generally speaking, an actuary analyzes numerical data that may affect business decisions in the public and private sector. In most cases, the job duties of actuarial analysts relate to assessing risk probability and the resulting financial loss or gain.

By calculating monetary systems such as pension contributions, risk values, or insurance premiums, actuarial analysts may determine the impact of investments and other financial products.

(sources: vocabulary.com, wisegeek.com)

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SYNONYMS

analyst, auditor, examiner

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SMUGGLE OWAD into today's conversation

"Most large companies have their own actuary to oversee their pension plans."

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