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actuary

actuary

13 8.2
A person who collects and studies numbers to work out insurance risks and set prices
  • noun
  • /ˈaktʃuˌɛri/
  • Specialized
translation icon : actuario
  • An actuary uses complex statistical methods to assess risks for insurance companies.
  • chief actuary
  • insurance actuary
  • consulting actuary

And the truth is, is that I, I'm not smarter than the actuaries that came up with those underwriting guidelines.

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Examples

  • I believe I mentioned in my previous letter... that I was an actuary... at Woodmen of the World Insurance Company.

  • The last actuary table I ran was on home electrical fires.

  • - How you know all this? - I'm an actuary.

  • But I'm not an expert in health policy, actuary issues, or tax issues.

    Blog text (14)
  • But I'm not an actuary, so I'm limited in my understanding of this one.

    Blog text (14)
  • On the eve of the Second World War, the youngest Polish actuary was 26 years old.

    Academic text (1991)
  • I was an actuary.

  • An insurance actuary?

  • From time to time, I see the assumptions made by my fellow actuaries on the pension side, and wince.

    Blog text (32)
  • Insurance rates are determined by actuaries (and greedy CEOs, but that's another story.)

    Blog text (15)

Surface Forms

actuary singular
actuaries plural

Morphology

actuary = act (opaque) = act + ary

Although formally built from 'act' + '-ary', the specialist occupational meaning 'insurance statistician' is not predictable from 'act' by an average B1 learner.

Etymology

Actuary comes from the Latin acta, meaning 'acts' or 'records', and it first meant a clerk who kept official papers. It shares the same root as act and action, so you can remember an actuary today as someone who uses records and numbers to work out financial risk.