Actuary Definition

Actuaries assemble and analyze data to estimate the probability and likely cost of an event such as death, sickness, injury, disability, or property loss. An actuary is someone who can put a number on something that’s not certain. So usually where there’s uncertainty, there’s usually an open door for an actuary to play a role.

Actuaries are the backbone of financial security. Actuaries are problem solvers who use actuarial science to define, analyze, and solve the financial, economic, and other business applications of future events. Actuary, one who calculates insurance risks and premiums.

Actuaries compute the probability of the occurrence of various contingencies of human life, such as birth, marriage, sickness,. See examples of actuary used in a sentence. Actuaries are problem solvers and strategic thinkers, who use their mathematical skills to help measure the probability and risk of future events.

An actuary uses a blend of math, data, and financial theories to assess the risk of future events and help clients develop policies in response.