Actuary

Pronunciation: /ˈæk.tʃuˌɛri/

Definitions of actuary

noun a person who compiles and analyzes statistics and uses them to calculate insurance risks and premiums

Example Sentences

A1 An actuary is a person who analyzes financial risk using mathematics.

A2 Actuaries help insurance companies calculate premiums based on risk assessments.

B1 The actuary predicted the future financial impact of the company's new investment.

B2 Actuaries play a crucial role in helping businesses make informed decisions about their financial strategies.

C1 The actuary's expertise in statistical analysis and probability theory is highly sought after in the finance industry.

C2 Actuaries are responsible for designing and implementing complex financial models to help organizations manage risk effectively.

Examples of actuary in a Sentence

formal The actuary analyzed the data to calculate the insurance premiums.

informal The actuary crunched the numbers to figure out the costs.

slang The actuary did some math magic to work out the insurance prices.

figurative The actuary was the wizard behind the scenes, predicting financial risks.

Grammatical Forms of actuary

• plural: actuaries
• comparative: more actuarial
• superlative: most actuarial
• present tense: actuaries
• future tense: will actuary
• perfect tense: have actuaried
• continuous tense: is actuarying
• singular: actuary
• positive degree: actuary
• infinitive: to actuary
• gerund: actuaring
• participle: actuarial

Origin and Evolution of actuary

First Known Use: 1552 year

Language of Origin: Latin

Story behind the word: The word 'actuary' originated from the Latin word 'actuarius' which means registrar, clerk, or account keeper.

Evolution of the word: Originally used to refer to a registrar or clerk, the term 'actuary' evolved over time to specifically denote a professional who assesses and manages financial risks using mathematics and statistics.