Meaning & use

actuary

noun·Advanced

A professional who uses statistics and mathematics to assess and manage financial risk, especially for insurance.

See it in a sentence

The actuary calculated the likely cost of insuring drivers under the age of twenty-five.

She trained for years to become an actuary at a major insurance firm.

A note on using this word

Actuaries typically work in insurance, pensions, and finance, applying probability to predict long-term risk.

Words with a similar meaning

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