What is an Actuary?

What is an Actuary? | Definition

A person who specializes in the application of mathematics, probability, statistics, and risk theory to financial problems involving future uncertainty. These uncertainties are usually associated with life insurance, property and casualty insurance, annuities, pension or other employee benefit plans, and investments. Actuaries also provide expert testimony in courts of law on the value of lost future earnings.

Professional certifications for actuaries include:

ASA	Associate of the Society of Actuaries	Canada, UK, USA
FIA	Fellow of the Institute of Actuaries	UK
FSA	Fellow of the Society of Actuaries	Canada, UK, USA

For over 1,000 additional terms and definitions please see our Investment Glossary Guide.

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