Actuary

Definition

An actuary is a person who applies mathematical approaches to anticipate, measure and manage risk. An actuary identifies, analyzes, and documents risks, monitors risk areas, and surfaces issues related to risk.

The actuary defines problems and generates ideas, develops recommendations that lead to implemented solutions, and continuously monitors results.

The actuary's work is based on theory, data and experience and is performed with professional judgment. Professional judgment is required because the actuary is asked to perform tasks that affect multiple stakeholders who often have different and sometimes conflicting needs.

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