Actuary

Actuary
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.

Actuary
A person who specializes in the application of mathematics, probability, statistics, and risk theory to financial problems involving future uncertainty.

Actuary
In life insurance, this is a professional who calculates mortality rates, morbidity rates, lapse rates, premium rates, policy reserves and other values.

Actuary
Actuaries assess the probabilities of certain events occuring and the financial consequences of those events. Their work combines statistics and finance.

Actuary
An actuary is a mathmetician who specializes in evaluating risk and setting premium prices for insurance companies.
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actuary
mathematician in the insurance field. Actuaries conduct various statistical studies; construct morbidity and mortality tables ; calculate premiums, reserves, and dividends for participating policies; develop products; ...

Actuary Definition
An actuary is a person who works with complex mathematical models to try and predict the likelyhood of future events. An actuary is particularly important for the insurance industry.

ACTUARY - A person who calculates statistically risks, premiums, life expectancies and other factors fo...
ACU - See: Asian currency units
AD - The two-character ISO 3166 country code for ANDORRA.

Actuary:
An actuary is a business professional with strong mathematical skills. Actuaries are generally involved in pricing insurance products and defined benefit pension plans.
Actuarial Present Value: ...

Actuary: Insurance contracts and retirement plans require professional calculation of payments to be received and benefits to be paid.

Actuary - a mathematician in the insurance field. Responsible for calculating premiums, developing plans and defining underwriting risk.

Actuary
A professional person qualified to make calculations and valuations in respect of pension funds, insurance funds or other forms of investment.

Actuary - A specialist in the mathematics of insurance who calculates rates, reserves, dividends and other statistics. (Americanism: In most other countries the individual is known as "mathematician.") ...

Actuary
Someone who uses mathematics (in particular, probability) to provide solutions to insurance-related problems. Actuarial techniques are used to design new insurance products and to assess the profitability of new and existing business.

Actuary: A specialist in calculating insurance and annuity premiums, reserves, and dividends for insurance products and defined benefit pension plans.

Actuary
In the pension area, a professional who is responsible for calculating the liabilities of pension plans and the costs of providing pension plan benefits.
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ACTUARY:  A statistical mathematician who calculates premiums, dividends, reserves, pension, insurance and annuity rates for an insurance company or other program involving fiscal risk.

Actuary: A professional expert in pension and life insurance matters, particularly trained in mathematical, statistical, and accounting methods and procedures, and in insurance probabilities.

actuary: A specialist in the mathematics of risk covering premiums, reserves, dividends, insurance, and annuities.

actuary
A person who is trained in statistics and probability theory. Actuaries work for insurance companies advising insurers of the amount of premium to charge for each type of risk. They also advise on the administration of pension funds.

ACTUARY
A professional trained in the technical aspects of pensions, insurance and related fields that is employed to calculate premiums, reserves, dividends, and premium rates.

Actuary
An actuary is a person who calculates statistical risks, life expectancy, and payout probabilities for various purposes. In accounting, actuaries are most often used for determining pension funding.
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See also: Actuary, Annuitant, Annuitization Phase, Annuity, Defined-Benefit Plan, Insurance, Variable Annuity
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Government Actuary
An employee of the U.K. government who works for the Government's Actuary Department (GAD). The GAD provides actuarial consulting services for the public sector at a set fee structure.

actuarial evaluation A life-expectancy calculation by a professional actuary., actuary A professional statistician in the employ of an insurance agency. Duties include...

Employer contributions to a defined benefit plan are very complex to determine and require the work of an actuary.

Second, with the Office of the Actuary of CMS reporting that hospice expenditures have doubled from $3.5 billion in 2001 to an estimated $7.

Paul Belok, principal and actuary at Aon Consulting, has been involved in providing actuarial and benefits consulting advice to trustees and corporate clients for over 20 years.

Given these assumptions and data, an actuary estimates the firm's future pension obligations and an annual payment schedule to satisfy those obligations.

The insurers have well-defined roles of actuary, underwriter, agent, auditor and adjustor. Each of these is an assessor in somewhat different circumstances or stages of the insuring, reinsuring, adjustment, recovery and claims payment processes.

Actuary
A person trained and specialising in risk, statistics and finance who gives advice on insurance and pension business. Calculations made by a...(Read more)
Ad Valorem Duties
Taxes charged as a percentage of the value of an asset.

Just understanding the equity-indexed annuities market is a daunting task. "If you've seen one equity-indexed annuity, you've seen one," an actuary said recently. "They're all different." ...

By calculating the possible payout of benefits, the actuary can determine what premium to charge and what amount the insurance company should set aside as readily available cash or liquid securities.

Defined-benefit plans require a minimum contribution of $30,000 a year, so are not available to everyone who is self-employed. Generally, contributors to these plans will employ an actuary to determine the amount of money to be contributed.

Armed with this calculation, you should enlist the help of an independent financial adviser (ifa) or even an actuary and consider carefully whether moving your pension funds will be a good idea.

' None of these earliest researchers cited each other's work, suggesting each developed the concept independently. The work culminated in a 1952 paper by a non-academic actuary, F. M. Redington [13], who worked for a British insurance company.

Life expectancy Age to which a person is expected to live, as determined by an actuary.

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