Actuary
/ˈæk.tʃʊˌɛr.i/
Definitions
- (n.) A professional who analyzes financial risks using mathematics, statistics, and financial theory, often employed by insurance companies and pension funds.
The actuary calculated the premiums necessary to cover future claims.
Forms
- actuary
- actuaries
Related terms
See also
Commentary
The term 'actuary' is key in regulatory contexts involving insurance and pension schemes, where their assessments influence legal obligations and compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.