Actuary
Actuary: A professional trained
in the technical aspects of insurance and its related
fields, particularly in the mathematics of insurance,
for example, the calculation of premiums and reserves.
An actuary will use complex mathematical methods, often
with the aid of computers, to provide analysis of claims
data and other statistics. In certain circumstances
insurance companies, pension schemes etc. are required
to have documents, calculations etc. certified by an
actuary. In this and other legal contexts the word means
a qualified Fellow of the Institute or Faculty of Actuaries.
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