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actuary

C2
noun

Pronunciation

UK

  • /ˈæktʃuːəri/

US

  • /ˈæktʃuˈɛˌri/

Description

An actuary isn't someone who acts in plays—they're professionals who use math, statistics, and financial theory to analyze risk! Think of them as detectives of the future, trying to figure out how likely certain events are. They don't predict the future with certainty, but they calculate probabilities.

You might find an actuary working for insurance companies (figuring out how much to charge for car or life insurance and how much money to set aside for future claims), pension plans (making sure there's enough money to pay retirees), or even government agencies. If you want a career where your math skills can protect people and organizations from financial ruin, becoming an actuary is a good bet! They're the reason insurance isn't just gambling—it's based on careful calculation.

Examples

  1. 1

    Insurance job

    She works as an actuary for a large insurance company.

  2. 2

    Risk estimates

    The company hired an actuary to estimate how much future claims might cost.

  3. 3

    Pension planning

    Actuaries often help pension funds plan for long-term financial risk.

Forms and spellings

2 forms open this card.

Main spelling

  • actuarynoun

Forms

  • actuariespluralnoun