Actuary


Definition of "Actuary"

Kimberly Graziadei
  Berkshire Hathaway HomeServices New Jersey Properties

Mathematician in the insurance field. Actuaries conduct various statistical studies; construct morbidity and mortality tables; calculate premiums, reserves, and dividends for participating policies; develop products; construct annual reports in compliance with numerous regulatory requirements; and in many companies oversee the general financial function. The successful actuary has a strong general business background as well as mathematical ability. Professional actuarial associations provide actuarial qualification examinations.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ