Actuary
Actuary
Actuary (/ækˈtʃuː.ər.i/) is a business professional who deals with the financial impact of risk and uncertainty. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs.
Etymology
The term "actuary" originates from the Latin word actuarius, which referred to a registrar, the person who kept the official records in ancient Rome.
Related Terms
Role of an Actuary
Actuaries use their knowledge of statistics and finance to evaluate the likelihood of certain events occurring, and the potential costs of these events. They are often employed by insurance companies, where they help design policies and determine the premiums that should be charged.
Qualifications
To become an actuary, one typically needs a strong background in mathematics, including coursework in calculus, probability, and mathematical modeling. In many countries, actuaries must also pass a series of rigorous exams to earn professional certification.
See Also
External links
- Medical encyclopedia article on Actuary
- Wikipedia's article - Actuary
This WikiMD dictionary article is a stub. You can help make it a full article.
Languages: - East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
Urdu,
বাংলা,
తెలుగు,
தமிழ்,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
European
español,
Deutsch,
français,
русский,
português do Brasil,
Italian,
polski