Best Answer

The term actuaries refers to a person who calculates the insurance risks and and premiums. They have to judge the risks regarding life insurance to work out the premiums they should give to that person or company.

User Avatar

Wiki User

βˆ™ 2013-05-29 12:56:00
This answer is:
User Avatar
Study guides

Add your answer:

Earn +20 pts
Q: What does the term actuaries actually mean?
Write your answer...
Still have questions?
magnify glass
People also asked