Actuary

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Actuary Meaning and Definition in Dictionary

Definitions from Wordnet 2.0


  • someone versed in the collection and interpretation of numerical data (especially someone who uses statistics to calculate insurance premiums)

Definitions from Wiktionary


  • someone versed in the collection and interpretation of numerical data (especially someone who uses statistics to calculate insurance premiums)

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Actuary Meaning and Definition in Wikipedia


Actuaries are people who are experts in mathematics, probability, economics, and finance who figure out how much money businesses should charge for making promises to pay for something that may or may not happen.

Hundreds of years ago, when people got sick or died, it cost a lot of money to take care of them or bury them. People had the idea of joining their money together to help each other out. This was called pooling. Eventually, people started to make a business out of collecting enough money to help people who had big problems.



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