CIVIL

“Actuary” means 

Dictionary

The Actuaries Act, 2006

“Actuary” means :-

a person skilled in determining

the present effects of future contingent events or in finance modelling and risk analysis in different areas of

insurance, or calculating the value of life interests and insurance risks,

or designing and pricing of policies,

working out the benefits, recommending rates relating to insurance business, annuities, insurance and pension rates on the basis of empirically based tables

and includes a statistician engaged in such technology, taxation, employees’ benefits

and such other risk management and investments

and who is a fellow Member of the Institute; and the expression “Actuarial science” shall be construed accordingly