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What is an actuary?

What is an actuary? Here are some definitions.

Noun
  1. (dated) Registrar, clerk. [16th-19th c.]
  2. A professional who calculates financial values associated with uncertain events subject to risk, such as insurance premiums or pension contributions.
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As well as teaching at the University of Copenhagen, he was the chief actuary for an insurance company.
In simple terms, it requires the actuary to model expectations, then measure actual results and use those measurements to recalibrate the model.
Rather than denigrating insurers, it would be instructive for Nation readers to hear from an actuary or underwriter.
An actuary from Brentford will be putting her best foot forward in this year's London marathon, to help charity Whizzkids.
Prior to joining LogMeIn in 2004, Dupree worked at John Hancock Financial Services, where he was training to become an actuary.
This is a highly specialised career path requiring several years of study before qualification as an actuary.

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