Part of Speech

Noun

Pronunciation

/ˈaktʃuˌɛri/

Definitions

1. A professional who analyzes financial risks using mathematics, statistics, and financial theory.
2. An expert in the field of actuarial science, particularly in insurance and pension plans.

Usage Examples

• The actuary prepared a detailed report on the potential risks associated with the new insurance policy.
• She worked as an actuary for a large insurance company, specializing in health insurance.

Etymology

Derived from the Latin 'actuarius', meaning 'accountant' or 'one who keeps accounts'.

Synonyms

• Risk analyst
• Insurance analyst
• Financial analyst

Antonyms

• Amateur
• Novice
• Layperson

Translations

Regional Pronunciation Variations

Pronunciation may vary in different English-speaking regions, but the meaning remains consistent.

Historical Usage

The term has been in use since the early 19th century, primarily within the insurance industry.

Cultural Nuances

Actuaries play a crucial role in evaluating risks in finance and insurance, significantly impacting business decisions.

More Information

Actuarial science combines various disciplines, including mathematics, economics, and statistics, making it essential for financial stability in insurance and pension sectors.