Actuary Insurance Term

A math and statistics professional who calculates and understands risks and uncertainty – concepts used to determine insurance premiums based on age, lifestyle, and gender amongst several other factors.Example:Raj requests for insurance from ManipalCigna Health Insurance. An actuary will first assess Raj's insurance request and decide on the insurance amount for Raj's health plan. The actuary will then decide insurance coverage based on age, lifestyle, and gender and other factors.