insurance

What is an actuary?

 

 

What is an actuary?

The Bankrate.com financial term of the day is: "actuary."

An actuary is an insurance company stats person. The actuary crunches a variety of numbers, including life expectancies and statistical risks, to help an insurer set premiums.

Your insurance rates may seem arbitrary, but they're at least partly the result of work done by an actuary armed with mathematical formulas.

To get an insurance quote, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Tesla taps owners to be sales force

Tesla is tapping its current owners to act as a sales force by offering them cash and other incentives, including a free Model X, when they refer friends who buy a car.  ... Read more


Connect with us