Actuary

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Actuary

An accredited insurance mathematician who calculates premium rates, reserves, and dividends and prepares statistical studies and reports.
References in periodicals archive ?
Alpert went on to discuss how the professional roles and ethical responsibilities of actuaries in the United States are made more important by the societal impact of actuarial work.
The reason also lies, in part, with actuarial profession as actuaries showed less interest in non-life insurance pricing and reserving initially.
The actuaries say that nursing home spending might increase 4.
Written and reviewed by professional actuaries, the 2015 Project Math Minds competition asks participants to develop estimates of potential losses from earthquakes that an insurance company or catastrophe fund might bear in the next year.
In some countries, the actuaries are testing and providing the related results to the potential effects on the current and future financial conditions.
Brienza (CPC) of the executive research firm IPR, said the insurance industry is currently looking for a level of talented actuaries that doesn't exist, at least not enough to meet the newly-recognized demands of the industry.
Unlike other professions and their associations that traditionally have claimed the risk mantle, the two major actuarial associations are investing serious money in a multiyear campaign to change the "green eyeshades" reputation of actuaries.
412(c)(3) evinces Congress's recognition that actuaries could come up with a wide range of reasonable estimates and its desire to ensure that actuaries would pick the most likely result within the range to prevent either more or less conservative assumptions.
As actuarial assumptions come under increasing scrutiny from IRS audits, Financial Accounting Standards Board requirements and the growing sophistication of the financial community, corporate negotiators have found their actuaries can be valuable allies, if they discuss pension issues frankly and in advance.
Actuaries sometimes estimate certain census data, such as number and ages of covered dependents, when that information isn't readily available.
SAN DIEGO -- In order to ensure the quality of practicing actuaries, the American Academy of Actuaries (AAA) now requires actuaries to complete 24 continuing education credits, the equivalent of 20 hours of educational activity, per calendar year.