In insurance, a person trained in statistics, accounting, and mathematics who determines policy rates, reserres, and dividends by deciding what assumptions should be made with respect lo each of the risk factors involved (such as the frequency of occurrence of the peril, the average benefit that will be payable, the rate of investment earnings, if any, expenses, and persistency rates), and win; endeavors to secure as valid statistics as possible on which to base his assumptions.
A mathematician who specializes in estimating risks, rates, premiums, and other factors for insurance companies.
A mathematician who specializes in estimating risks, rates, premiums, and other factors for insurance companies.