actuary
ac
ˈæk
āk
tua
ʧuɛ
chooe
ry
ˌri
ri
British pronunciation
/ˈækt‍ʃuːəɹi/

Definition & Meaning of "actuary"in English

Actuary
01

a person whose job is to assess and calculate financial risks that an insurance company might come across

example
Examples
An actuary is a professional who uses mathematical and statistical methods to assess risk and uncertainty in the insurance and finance industries.
Actuaries are crucial in designing insurance policies and pension plans, ensuring they are financially viable and sustainable.
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