Actuary

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Related to actuaries: Actuarial science

Actuary

An accredited insurance mathematician who calculates premium rates, reserves, and dividends and prepares statistical studies and reports.
References in periodicals archive ?
12) Included in unpublished remarks by Ira Cohen, Chief Actuary of the IRS, during the 1986 Enrolled Actuaries Meeting, Washington, D.
Pinnacle's leadership and professional staff have earned numerous industry certifications and designations including: Enrolled Actuaries (EAs), Associates of the Society of Actuaries (ASAs), Members of the American Academy of Actuaries (MAAAs), and Members of the Society of Pension Actuaries (MSPAs), Certified Public Accountants (CPAs), Enrolled Retirement Plan Agents (ERPAs), Chartered Retirement Plans Specialists (CRPS), Qualified Pension Administrators (QPAs), and Qualified 401(k) Administrators (QKAs).
Also, within the American Academy of Actuaries, a Financial Soundness and Risk Management Committee was formed within the Casualty Practice Council.
Historically, optimizing the activities of actuaries has not been a top priority.
Longevity risk is not well understood by many people, and this lack of awareness can have significant implications for retirement income," said Ken Hohman, international secretary of the American Academy of Actuaries.
It is necessary that in some cases, the actuaries have access to the members of management board directly.
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.
By entrusting actuaries with the task of determining plan contributions and granting the latitude inherent in the reasonableness test, Congress intended to give actuaries some leeway and freedom from second-guessing.
Assumptions that actuaries have used in the past may no longer be TABULAR DATA OMITTED appropriate for this calculation.
106 may require specialized actuarial expertise, casualty insurance or pension actuaries may not have the necessary qualifications.
He is a Fellow of the Society of Actuaries (FSA), a Member of the American Academy of Actuaries (MAAA), a Fellow of the Life Management Institute (FLMI) and a Chartered Life Underwriter (CLU).