actuary actuary  /ˈæk tʃə ˌwɛ ri/

Definition(s):

  • (n) someone versed in the collection and interpretation of numerical data (especially someone who uses statistics to calculate insurance premiums)

Usage(s):

  1. Traditionally, an actuary employs a balancing mechanism that puts aside something in the good years to subsidize the bonus rates in bad years.
  2. The adequacy claims of pension funds fell flat when the actuary demonstrated that the funds calculations may have been doctored.

News

  1. Staffing up to for Obamacare: Tens of thousands of workers

    NEW YORK (Reuters) - Call them Obamacare's army. From the chief actuary at the California health insurance exchange that President Barack Obama's healthcare reform law established to the legions of call center staffers who will help people trying to buy insurance through such state exchanges, the number of people working to implement "Obamacare" has reached [...]
    on June 22, 2013     Source: MedCity News

  2. Insight - It takes an army: Tens of thousands of workers roll out Obamacare

    By Sharon Begley NEW YORK (Reuters) - Call them Obamacare's army. From the chief actuary at the California health insurance exchange that President Barack Obama's healthcare reform law established to the legions of call center staffers who will help people trying to buy insurance through such state exchanges, the number of people working to implement "Obamacare" has reached the tens of thousands ...
    on June 21, 2013     Source: Reuters via Yahoo! News

  3. Joseph Cimino of ERP Actuaries & Consultants Becomes Enrolled Actuary

    NEW YORK -- ERP Actuaries & Consultants announces that Joseph Cimino, Senior Consultant and Actuary at ERP, has become an Enrolled Actuary, licensed by the Joint Board of the Department of the Treasury ...
    on June 19, 2013     Source: GlobeNewswire via Yahoo! Finance

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definition of actuary

Quotes

  1. "You do the actuary tables, there's a one out of three chance, if not more, that McCain doesn't survive his first term, and it'll be President Palin," Damon said yesterday in Toronto. "It's like a really bad Disney movie, 'The Hockey Mom.'...
    on Sep 11, 2008 By: Matt Damon Source: Newsday

  2. "They needed that deadline or they wouldn't sign up," Leavitt said. "In fact, the actuary for the government told us if we didn't have a deadline, 1.6 million people fewer would actually sign up."
    on May 14, 2006 By: Mike Leavitt Source: CNN

  3. "This chief actuary is the person the administration depends on to give it straightforward, unbiased analysis of the impact the legislation would have," said Senate Minority Leader Mitch McConnell (R-Ky.). "This is the official referee...
    on Dec 11, 2009 By: Mitch McConnell Source: Washington Post

Word of the Day
amalgamation amalgamation
/ə ˌmæl ɡə ˈmeɪ ʃən /