| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,728,398,655 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
actuary |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
|
A statistician who computes insurance and Pension rates and premiums on the basis of the experience of people sharing similar age and health characteristics. The profession also includes statisticians who provide expert data analysis on risk assessment and risk management for the financial services sector. Actuaries are most often employed within the insurance industry, but also prepare and assess data for commercial and investment banks, retirement and pension fund administrators, or are self-employed as consultants. Specific data prepared by actuaries is often presented in the form of actuarial tables (mortality tables) that indicate the life expectancy of an individual. Such tables may be used as the bases for calculating estimated insurance premiums or monthly retirement annuities. When utilized by expert witnesses, actuarial tables are admissible in evidence to show life expectancy. Juries may award damages to plaintiffs for compromised life expectancy resulting from the alleged wrongdoing of tortfeasors (wrongdoers). actuary noun calculator of insurance risks, compiler of tables of mortality, insurance adviser, statistician Associated concepts: actuarial bureaus, actuarial solvency, actuarial tables ACTUARY. A clerk in some corporations vested with various powers. In the ecclesiastical law he is a clerk who registers the acts and constitutions of the convocation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
North American insurers increasingly are seeking the services of
external or unaffiliated actuarial firms to provide actuarial opinions
for annual statutory filings. * Provide information about the actuarial accrued liabilities for
promised benefits associated with past services and whether and to what
extent those benefits have been funded
has promoted Alice Rosenblatt to
executive vice president, actuarial and integration planning and
implementation. |
| Legal Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|