Difference between revisions of "Actuary"
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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]] | ||
Revision as of 23:13, June 8, 2008
An actuary is a member of a profession which specializes in applying financial and 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.
The traditional areas in which actuaries operate are life insurance, general insurance, pensions and investment.