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Longman Dictionary English

From Longman Dictionary of Contemporary English
Related topics: Insurance, Occupations
actuaryac‧tu‧a‧ry /ˈæktʃuəri $ -tʃueri/ noun (plural actuaries) [countable] BFIBOsomeone whose job is to advise insurance companies on how much to charge for insurance, after calculating the risks —actuarial /ˌæktʃuˈeəriəl $ -ˈer-/ adjective
Examples from the Corpus
actuary• An actuary, assuming no casual connection, might calculate the odds against such a coincidence.• As actuaries we are professionally trained to make forward projections so we should also look at the future for our own profession.• A developing issue for actuaries has been the question of the possible use of professional certification of reserves for general insurance.• He accepted the arguments of an independent actuary that policyholders' realistic expectation they should benefit from inherited estates was limited.• Indeed investment management is an area where many actuaries play a very active role in insurance companies.• Nowadays, actuaries are spearheading the revolution which is taking place in the pensions field.• The statistical, financial and projection skills of actuaries are of particular relevance to this work.• Family Assurance Society may vary these charges if so advised by their actuary.
From Longman Business Dictionaryactuaryac‧tu‧a‧ry /ˈæktʃuəri-tʃueri/ noun (plural actuaries) [countable] INSURANCEJOBsomeone whose job is to calculate risks, in order to advise INSURANCE companies or PENSION FUNDsSuch information needs to be made available to actuaries, insurers, and those advising employers. —actuarial adjective [only before a noun]He has calculated that, based on actuarial tables (=lists of figures used to calculate risks), he can count on living about 9,000 more days.Origin actuary (1500-1600) Latin actuarius, from actum; → ACT1
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