noun
- a person who calculates insurance risks and premiums using statistics and mathematics
Examples
- The insurance company hired an actuary to determine life insurance rates.
- As an actuary, she analyzes data to predict future claims.
- The actuary calculated the probability of accidents for different age groups.
- He studied mathematics and statistics to become an actuary.
- The actuary’s report showed that premiums needed to increase.
- Insurance companies rely on actuaries to stay profitable.