Definition
actuaries
noun
- professionals who analyze risk and uncertainty using mathematics, statistics, and financial theory to assess the likelihood of future events
Usage: plural of actuary; insurance and finance
Examples
- Insurance companies employ actuaries to calculate premium rates.
- The actuaries determined that the pension fund was underfunded.
- Actuaries use complex mathematical models to predict future claims.
- She studied mathematics in college to become one of the actuaries at the firm.
- The actuaries recommended increasing life insurance premiums based on new mortality data.
- Consulting actuaries help businesses assess financial risks.