An actuary is an individual, often holding a professional designation—for example, Fellow of the...
actuary
An actuary is an individual, often holding a professional designation—for example, Fellow of the Casualty Actuarial Society (FCAS)—who computes statistics relating to insurance, typically estimating loss reserves and developing premium rates.
Related Topics
Related Terms
A loss reserve is an estimate of the value of a claim or group of claims not yet paid.
Risk quantification refers to the forecasting of loss frequency and severity to make risk financing...
