2007-02-08 16:06:45 · 7 answers · asked by JoJo 2 in Business & Finance ➔ Careers & Employment
An actuary is a professional mathematician who takes gambling to the status of a fine science. Actuaries use empirical evidence and educated guesses to calculate, for example, the probable lifespan of people buying insurance policies or superannuation pensions. The insurance or superannuation companies base their premiums (prices) on the actuarial forecasts.
Hope this helped heaps!!! ; )
2007-02-08 16:11:44 · answer #1 · answered by Bianca 2 · 0⤊ 1⤋
An actuary also analyzes a company's retirement plan. They will take the size, health and age of the group and plug that into statistical data and determine the necessary contributions the company must make to the retirement fund. This is very important for publicly traded companies.
2007-02-08 16:58:15 · answer #2 · answered by T H 4 · 0⤊ 1⤋
An Actuary is a risk analyst. They mostly work in the Insurance industry.
2007-02-08 16:12:29 · answer #3 · answered by annazzz1966 6 · 0⤊ 1⤋
Someone versed in the collection and interpretation of numerical data (especially someone who uses statistics to calculate insurance premiums)
2007-02-08 16:08:48 · answer #4 · answered by VietRebel 3 · 0⤊ 1⤋
Yes. They work for insurance companies.
They are the ones that assess damage and figure out how much money the insurance policy holder should get.
2007-02-08 16:10:02 · answer #5 · answered by Molly 6 · 0⤊ 2⤋
someone who crunches numbers and writes sollutions based on laws of averages and surveys for insurance companies.
2007-02-08 16:09:37 · answer #6 · answered by jorluke 4 · 0⤊ 1⤋
statistician who calculates insurance risks and premiums
2007-02-08 16:20:32 · answer #7 · answered by Syling 2 · 0⤊ 1⤋