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Actuary (view source)

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An '''actuary''' is a member of a profession which specializes in applying [[financial]] and [[statistics|statistical]] theories to real life situations. They analyze future financial events, especially when the amount of a future payment, or the timing of when it is paid, is uncertain. They assess how likely an event may be and the costs associated with it.
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The traditional areas in which actuaries operate are life insurance, general insurance, pensions and investment.
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[[Category:Probability and Statistics]]
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