Definition of actuary in English:
noun (plural actuaries)
A person who compiles and analyzes statistics and uses them to calculate insurance risks and premiums.
- In determining the actuarial surplus in a pension fund, actuaries make key assumptions.
- Each year a report is produced by the trustees of your pension scheme and every three years there is a valuation by actuaries, who analyse financial risk.
- The assured is then paid the surrender value of the policy, which is calculated by an actuary on the basis of the amounts paid to date.
Words that rhyme with actuarystatuary • sanctuary
Definition of actuary in:
- British & World English dictionary
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