Explore commonly used personal finance terms.
An actuary is a professional trained to analyze financial risks, particularly in insurance, pension plans, and investments, by using mathematics, statistics, and financial theory. Actuaries calculate the probability and financial impact of events like death, illness, or property loss, helping companies set premiums, reserves, and benefits. Their expertise supports financial stability and ensures accurate forecasting of liabilities, essential for managing risk in industries where financial uncertainties are a core concern.
