actuary

noun
ac·​tu·​ary | \ ˈak-chə-ˌwer-ē How to pronounce actuary (audio) , -shə-, -ˌwe-rē- \
plural actuaries

Definition of actuary

1 obsolete : clerk, registrar
2 : a person who calculates insurance and annuity premiums, reserves, and dividends

Examples of actuary in a Sentence

Recent Examples on the Web Julia Lerche, the chief actuary and policy adviser for North Carolina's Medicaid program, said a full expansion could cost the state $400 million less than a partial expansion. Nyamekye Daniel, Washington Examiner, "Health council weighs cost of Medicaid expansion in North Carolina," 11 Jan. 2021 Insurers overall have returned about $14 billion to auto customers because people are driving less, said James Lynch, chief actuary for the industry group Insurance Information Institute. Ann Carrns, Star Tribune, "With pandemic driving still down, push is on for insurers to keep discounted rates," 9 Jan. 2021 The 43-year-old actuary from southwest suburban Lockport knows there is always some risk involved in helping test the safety and efficacy of any new drug. Chicago Tribune Staff, chicagotribune.com, "Illinois has its first COVID-19 vaccines. Here’s everything you need to know," 14 Dec. 2020 Part of those expenses include police and fire pension contributions, which were increased by $825,815 this year by an independent actuary, Bosley said. Kaitlin Edquist, chicagotribune.com, "Glenview’s $175.5M budget includes increase in police and fire pension contributions, deferral of capital projects," 14 Dec. 2020 The Social Security chief actuary did say that if the Social Security portion of the payroll tax were eliminated, the program would run out of money in three years. Politifact, Detroit Free Press, "Fact-checking Joe Biden’s closing arguments of the 2020 campaign," 1 Nov. 2020 Darcy Lowell is her opposite in every way, an uptight actuary who isn't looking for love after a devastating heartbreak. Maureen Lee Lenker, EW.com, "Hot Stuff: November romances bring mischief, star-crossed lovers, and hot dukes," 4 Dec. 2020 The Social Security chief actuary did say that if the Social Security portion of the payroll tax were eliminated, the program would run out of money in three years. Politifact, Detroit Free Press, "Fact-checking Joe Biden’s closing arguments of the 2020 campaign," 1 Nov. 2020 The Social Security chief actuary did say that if the Social Security portion of the payroll tax were eliminated, the program would run out of money in three years. Politifact, Detroit Free Press, "Fact-checking Joe Biden’s closing arguments of the 2020 campaign," 1 Nov. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'actuary.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of actuary

1570, in the meaning defined at sense 1

History and Etymology for actuary

borrowed from Latin āctuārius "shorthand writer, keeper of accounts," alteration (with -u- from the u-stem action noun āctus) of *āctārius, from āctum "public transaction, record" + -ārius -ary entry 1 — more at act entry 1

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Time Traveler for actuary

Time Traveler

The first known use of actuary was in 1570

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Statistics for actuary

Last Updated

24 Jan 2021

Cite this Entry

“Actuary.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/actuary. Accessed 28 Feb. 2021.

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More Definitions for actuary

actuary

noun

English Language Learners Definition of actuary

: a person whose job is to tell insurance companies how much they should charge people for insurance based on risks

actuary

noun
ac·​tu·​ary | \ ˈak-chə-ˌwer-ē, -shə- How to pronounce actuary (audio) \
plural actuaries

Legal Definition of actuary

: a person who calculates insurance and annuity premiums, reserves, and dividends

More from Merriam-Webster on actuary

Nglish: Translation of actuary for Spanish Speakers

Britannica.com: Encyclopedia article about actuary

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