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Definition of Actuary
1. Noun. Someone versed in the collection and interpretation of numerical data (especially someone who uses statistics to calculate insurance premiums).
Category relationships: Statistics
Generic synonyms: Calculator, Computer, Estimator, Figurer, Reckoner
Specialized synonyms: Surveyor
Derivative terms: Actuarial, Statistics
Definition of Actuary
1. n. A registrar or clerk; -- used originally in courts of civil law jurisdiction, but in Europe used for a clerk or registrar generally.
Definition of Actuary
1. Noun. (dated 16th-19th century) registrar, clerk. ¹
2. Noun. A professional who calculates financial values associated with uncertain events subject to risk, such as insurance premiums or pension contributions. ¹
¹ Source: wiktionary.com
Definition of Actuary
1. a statistician who computes insurance risks and premiums [n -ARIES]
Lexicographical Neighbors of Actuary
Literary usage of Actuary
Below you will find example usage of this term as found in modern and/or classical literature:
1. Insurance Regulation and Supervision in Latin America: A Comparative Assessment by OECD Staff, Oecd, Yasumasa Tahara (2003)
"In Peru, some life and non-life insurance companies use an actuary. ...
Mexico reported that a certified actuary must prepare and sign the technical notes ..."
2. Insurance Regulation and Supervision in Asia and Latin America by Oecd, SourceOECD (Online service), Centre for Co-operation with Non-members, Ishii, Hisaya (2001)
"Of these countries, Cuba reports that, although it is not obligatory for insurance
companies to appoint an actuary, insurance companies are not allowed to ..."
3. A Treatise on the Law of Fellow-servants: Embracing a Collection of Statutes by William Mark McKinney (1889)
"Any occasional vacancy similarly occurring in the office of Contributors' actuary,
shall be filled up by the contributing members at an extraordinary ..."
4. Principles Governing the Retirement of Public Employees by Lewis Meriam (1918)
"apparently simple and desirable but actuarially is so complicated as to be
impracticable; but generally the actuary can suggest a practicable method of ..."
5. Journal of the Statistical Society of London by Statistical Society (Great Britain) (1863)
"... actuary of the London and Provincial Law Assurance Society, and Fellow of the
Institute of Actuaries. [From the "Assurance Magazine and Journal ..."
6. The Insurance Cyclopáedia: Being a Dictionary of the Definition of Terms by Cornelius Walford (1871)
"as demand from the actuary great technical and mathematical skill, besides
integrity, consummate judgment, courage and prudence. In the same year Mr. H. \V. ..."
7. The Three Systems of Life Insurance, Embracing: I. The Level Premium System by Mervin Tabor (1900)
"actuary.—One who is proficient in that branch of Life Insurance, which is strictly
of a ... The actuary of a company makes the rates, at all the ages, ..."
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