Connection lost
Server error
Where you see wrong or inequality or injustice, speak out, because this is your country. This is your democracy. Make it. Protect it. Pass it on.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - actuary
A good lawyer knows the law; a great lawyer knows the judge.
✨ Enjoy an ad-free experience with LSD+
Definition of actuary
Definition: An actuary is a statistician who uses empirical data to determine the present effects of future contingent events. They are responsible for calculating insurance and pension rates based on statistical analysis.
Example 1: An actuary may use data on the life expectancy of a certain demographic to determine the cost of life insurance for individuals in that group.
Example 2: An actuary may analyze data on car accidents to determine the likelihood of a driver getting into an accident and use that information to calculate car insurance rates.
Both examples illustrate how an actuary uses statistical analysis to determine the likelihood of future events and calculate rates based on that information.
Behind every great lawyer is an even greater paralegal who knows where everything is.
✨ Enjoy an ad-free experience with LSD+
Simple Definition
Actuary: An actuary is a person who uses math to figure out how much money insurance companies should charge people for insurance. They look at things that might happen in the future and use that information to decide how much money people should pay now to be protected later. Actuaries also help companies figure out how much money they need to save to pay for things like retirement plans for their employees.
Study hard, for the well is deep, and our brains are shallow.
✨ Enjoy an ad-free experience with LSD+