Investor Glossary-actuaryInvestor Glossary-actuaryInvestor Glossary-actuaryInvestor Glossary-actuaryInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Actuary

The HTML to link to this page
 

An actuary is a business professional specializing in the statistical assessment of financial risk. An actuary uses a variety of risk tables and statistical techniques and tools to perform and calculate risk assessments. Determining the potential for future claims is the main responsibility of an actuary. Typically, an actuary has a background in mathematics and accounting. An actuary is most often employed in the insurance industry to evaluate risks associated with the underwriting and/or administration of insurance policies. An insurance actuary performs calculations associated with premiums, pensions, reserves, dividends and annuity rates, among others. The term actuary is used primarily in the United States. In most other countries, an actuary would be referred to as a mathematician. To become a fully credentialed actuary, one must pass a plethora of examination sessions which can take several years to complete.



Rate this actuary definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: FICO score, Key Rate Duration, implied volatility, 144a, required rate of return, class C shares, open position, Zero Cost Collar, ex-dividend date, retained earnings, LIBOR, stock split, EBITDA, ex-dividend, limit order, balance sheet, FTSE, deferred tax, liquidity ratio, 1031 exchange, per diem, deferred revenue, reverse mortgage, cancelled check, stock market close, margin rate, current ratio, diluted share, dividends payable, real GDP, in escrow, risk management, APR, irrevocable trust, command economy, quality assurance, wholly-owned subsidiary, 1035 exchange, option premium, VIX, covered put, labor relations, average price per share, inflation, phantom income, minority interest, 401a, debt service coverage, annual return


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use