actuary

noun

ac·​tu·​ary ˈak-chə-ˌwer-ē 

-shə-,

-ˌwe-rē-

plural actuaries

1

obsolete : clerk, registrar

2

: a person who calculates insurance and annuity premiums, reserves, and dividends

Examples of actuary in a Sentence

Recent Examples on the Web

Employers are also looking at reining in spending on prescription medications, said Eric Miller, a consulting actuary with Segal, a benefits consulting firm that works mainly with large public sector employers and unions. —Tami Luhby, CNN, 9 Oct. 2024

Nationally, it's estimated that 7% to 8% of all long-term disability claims are related to mental health, according to a testimony provided by Richard Leavitt, a consulting actuary at the Smith Group, a disability reinsurance risk manager and consultant. —Natalie Eilbert, Journal Sentinel, 2 Oct. 2024

In that report, the office of the program’s chief actuary said undocumented immigrants paid as much as $13 billion in payroll taxes to the program’s trust funds in 2010, while about $1 billion in benefit payments were attributed to unauthorized work. —Lorie Konish, CNBC, 1 Oct. 2024

House District 33 Taylor Jolly (D) Taylor Jolly is an actuary who grew up in Louisville. —Rebecca Grapevine, The Courier-Journal, 13 Sep. 2024

Word History

Etymology

borrowed from Latin āctuārius "shorthand writer, keeper of accounts," alteration (with -u- from the u-stem action noun āctus) of *āctārius, from āctum "public transaction, record" + -ārius -ary entry 1 — more at act entry 1

First Known Use

1570, in the meaning defined at sense 1

Kids Definition

actuary

noun

ac·​tu·​ary ˈak-chə-ˌwer-ē 

-shə-

plural actuaries

: a person who calculates insurance premiums and dividends

actuarial

ˌak-chə-ˈwer-ē-əl

adjective

Legal Definition

actuary

noun

ac·​tu·​ary ˈak-chə-ˌwer-ē, -shə- 

plural actuaries

: a person who calculates insurance and annuity premiums, reserves, and dividends