What does actuarial analysis mean?
Definitions for actuarial analysis
ac·tu·ar·i·al ana·ly·sis
This dictionary definitions page includes all the possible meanings, example usage and translations of the word actuarial analysis.
Wikipedia
actuarial analysis
An actuary is a business professional with advanced statistical skills who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science. These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms.While the concept of insurance dates to antiquity, the concepts needed to scientifically measure and mitigate risks have their origins in the 17th century studies of probability and annuities. Actuaries of the 21st century require analytical skills, business knowledge, and an understanding of human behavior and information systems to design and manage programs that control risk. The actual steps needed to become an actuary are usually country-specific; however, almost all processes share a rigorous schooling or examination structure and take many years to complete.The profession has consistently been ranked as one of the most desirable. In various studies in the United States, being an actuary was ranked first or second multiple times since 2010 and in the top 20 for most of the past decade.
U.S. National Library of Medicine
Actuarial Analysis
The application of probability and statistical methods to calculate the risk of occurrence of any event, such as onset of illness, recurrent disease, hospitalization, disability, or death. It may include calculation of the anticipated money costs of such events and of the premiums necessary to provide for payment of such costs.
Numerology
Chaldean Numerology
The numerical value of actuarial analysis in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of actuarial analysis in Pythagorean Numerology is: 6
Translations for actuarial analysis
From our Multilingual Translation Dictionary
- analyse actuarielleFrench
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"actuarial analysis." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/actuarial+analysis>.
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