Actuary is insurance company official, responsible for estimating future claims and disbursement and for calculating necessary fund and premium levels.
Actuary is a person employed by an insurance company or other organisation to calculate the risk involved in an insurance, and therefore the premiums payable by persons taking out insurance.
Actuary is a person who analyzes the likelihood of loss and average amount of damage involved in pure risks and applying the law of averages computes the premium that the insurance company should charge to assume the risk.
Actuary is an insurance employee who predicts the likelihood of future events, based on their occurrence in the past.
Webster Dictionary Meaning
- The computing official of an insurance company; one whose profession it is to calculate for insurance companies the risks and premiums for life, fire, and other insurances.
More from this Section
Bondholder is the firm often has stockholders and bondholders. In a liquidation, the ...
- Account receivable financing
Account receivable financing— indirect financing provided by an exporter for an importer ...
- Single-premium whole life insurance
Single-premium whole life insurance is a whole life policy that provides lifetime protection ...
Administration is the appointment by a court of a person to manage the affairs of a company ...
- Treasury bonds
Treasury bonds is the longest-term U.S. Treasury debt securities, with original maturities ...