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Glossary D

Damages

Financial compensation awarded to a party who has suffered harm or loss due to the actions of another party.

  1. SOA Vs. CAS: Actuarial Certifications (Decoded)
  2. Property Vs. Casualty: Actuarial Fields (Compared)
  3. Actuary: Workers Compensation Vs Personal Injury (Defined)
  4. Actuary: Small Firm Vs. Large Corporation (Unpacked)
  5. Life Vs Non-Life: Actuarial Practice (Compared)
  6. Actuary Vs Underwriter: Roles in Insurance (Explained)
  7. Actuary: Personal Lines Vs Commercial Lines (Unpacked)
  8. Actuary Vs. Risk Manager: Which Career Path Is More Challenging?
  9. Actuary: Risk Assessment Vs. Risk Management (Clarified)
  10. Actuary: Private Sector Vs Government Jobs (Clarified)
  11. Actuary: Auto Insurance Vs Health Insurance (Explained)
  12. Actuary: Reserving Vs Pricing Roles (Clarified)
  13. Actuary: Domestic Vs International Practice (Explained)
  14. Actuary: Consulting Vs Corporate Roles (Compared)
  15. Actuarial Technician Vs Actuary: Roles (Decoded)
  16. Actuarial Science Vs Statistics: Degree Choices (Defined)
  17. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
  18. Actuary: Full-Time Vs Contract Work (Explained)
  19. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)

Data analysis and modeling

The process of using statistical models to analyze and interpret data.

  1. SOA Vs. CAS: Actuarial Certifications (Decoded)
  2. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
  3. Actuary: Part-Time Vs Full-Time Roles (Compared)
  4. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
  5. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
  6. Actuary: Domestic Vs International Practice (Explained)
  7. How Can Senior-Level Actuaries Maximize Their Earning Potential in High-Paying Industries? (9 Simple Questions Answered)
  8. Product Development Vs Pricing: Actuarial Roles (Compared)
  9. What Are the Requirements for Becoming a Certified Actuary? (9 Simple Questions Answered)

Data analysis methods

The process of examining data sets to draw conclusions about the information they contain.

  1. Actuary Vs Statistician: Job Differences (Clarified)
  2. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
  3. How Can Analytical Problem-Solving Help with Mathematical Calculations? (10 Important Questions Answered)

Data analysis skills

The ability to collect, analyze, and interpret data to make informed decisions.

  1. Actuary: Consulting Vs Corporate Roles (Compared)
  2. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
  3. Actuary Vs. Statistician: Which Career Offers Better Job Stability?
  4. How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)

Data analysis techniques

  1. Actuarial Science Vs Statistics: Degree Choices (Defined)
  2. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
  3. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
  4. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
  5. What Skills Are Needed for an Actuarial Internship? (10 Important Questions Answered)
  6. How Do I Obtain Actuarial Qualifications? (8 Most Common Questions Answered)
  7. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
  8. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
  9. Actuary Vs Statistician: Job Differences (Clarified)
  10. Actuary Vs. Statistician: Which Career Offers Better Job Stability?
  11. Actuary Vs. Teacher: Which Career Offers More Fulfillment?
  12. How Can I Develop Expertise in the Actuarial Field? (10 Important Questions Answered)
  13. How Can I Use Mathematical Models to Become an Actuary? (10 Important Questions Answered)
  14. How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)

Data analysis tools

Software applications used to analyze and interpret data, such as statistical software, data visualization tools, and machine learning algorithms.

  1. Actuary: Small Firm Vs. Large Corporation (Unpacked)
  2. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)
  3. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
  4. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
  5. How To Transition From Accounting To Actuary
  6. What Training Do I Need To Become An Actuary? (10 Important Questions Answered)

Data analyst

A professional who collects, analyzes, and interprets large sets of data to identify patterns and trends.

  1. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
  2. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
  3. Actuarial Science Vs Statistics: Degree Choices (Defined)
  4. Actuary Vs. Statistician: Which Career Offers Better Job Stability?

Data Analytics

The process of examining data sets to draw conclusions about the information they contain.

  1. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
  2. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
  3. How Can I Develop Expertise in the Actuarial Field? (10 Important Questions Answered)

Data analytics tools

  1. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
  2. Life Vs Non-Life: Actuarial Practice (Compared)
  3. How Long Does It Take to Become a Certified Actuary? (10 Important Questions Answered)

Database management

The process of organizing and managing data in a database.

  1. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
  2. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
  3. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
  4. Actuarial Technician Vs Actuary: Roles (Decoded)
  5. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
  6. Actuary Vs. Data Scientist: Which One Pays More?
  7. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)

Data cleaning and preprocessing

The process of preparing raw data for analysis by removing or modifying irrelevant or incomplete data.

  1. Actuarial Science Vs Mathematics: Degree Value (Defined)
  2. Actuary: Consulting Vs Corporate Roles (Compared)

Data cleaning and preprocessing techniques

The process of identifying and correcting or removing errors, inconsistencies, and inaccuracies in data before analysis.

  1. Actuary: Consulting Vs Corporate Roles (Compared)

Data collection

The process of gathering and measuring information on variables of interest in an established systematic fashion.

  1. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
  2. Actuarial Technician Vs Actuary: Roles (Decoded)
  3. How Can I Learn Accounting Principles to Become an Actuary? (10 Important Questions Answered)
  4. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)

Data governance policies

Guidelines for how data should be managed, including data quality, privacy, and security.

  1. Actuary: Small Firm Vs. Large Corporation (Unpacked)

Data interpretation skills

The ability to analyze and draw conclusions from data.

  1. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
  2. How Can I Use Mathematical Models to Become an Actuary? (10 Important Questions Answered)

Data mining

The process of extracting useful information from large datasets.

  1. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
  2. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
  3. Actuary Vs Statistician: Job Differences (Clarified)
  4. Actuarial Science Vs Statistics: Degree Choices (Defined)
  5. Actuary Vs Underwriter: Roles in Insurance (Explained)
  6. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
  7. How Can I Become a Financial Engineer? (10 Important Questions Answered)
  8. Product Development Vs Pricing: Actuarial Roles (Compared)
  9. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
  10. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
  11. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
  12. How Can Financial Modeling Help an Actuary Identify Potential Losses? (7 Core Questions Answered)
  13. What Are the Requirements for Becoming a Certified Actuary? (9 Simple Questions Answered)
  14. What Does An Actuary Do? (9 Simple Questions Answered)
  15. What Training Do I Need To Become An Actuary? (10 Important Questions Answered)

Data mining process

The process of extracting useful information from large datasets using data mining techniques.

  1. Actuary: Predictive Modeling Vs Traditional (Unpacked)

Data mining techniques

Methods for extracting useful information from large datasets.

  1. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
  2. Risk Management Vs. Actuarial: Career Paths (Defined)
  3. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
  4. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
  5. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
  6. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)
  7. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
  8. How Can Analytical Problem-Solving Help with Mathematical Calculations? (10 Important Questions Answered)
  9. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
  10. What Challenges Do Actuaries Face When Using Survival Models? (10 Important Questions Answered)

Data modeling

  1. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
  2. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
  3. Actuary: Reserving Vs Pricing Roles (Clarified)
  4. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)

Data privacy and security measures

Policies and procedures for protecting data from unauthorized access, use, or disclosure.

  1. Actuary Vs Underwriter: Roles in Insurance (Explained)

Data quality assurance processes

Methods for ensuring the accuracy and completeness of data.

  1. Actuary: Small Firm Vs. Large Corporation (Unpacked)

Data retention policies

Guidelines for how long data should be kept and when it should be deleted.

  1. Actuary: Small Firm Vs. Large Corporation (Unpacked)

Data science

The study of data and its applications, including data analysis, machine learning, and artificial intelligence.

  1. Actuary Vs. Data Scientist: Which One Pays More?
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  3. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
  4. How Can Senior-Level Actuaries Maximize Their Earning Potential in High-Paying Industries? (9 Simple Questions Answered)
  5. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)

Data visualization

The use of visual representations of data to aid in analysis and decision-making.

  1. 5 Ways Actuaries Use Data Visualization To Solve Real-World Problems
  2. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
  3. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
  4. 5 Surprising Benefits Of Being An Actuary
  5. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
  6. Actuary Vs Statistician: Job Differences (Clarified)
  7. Life Vs Non-Life: Actuarial Practice (Compared)
  8. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
  9. Actuarial Science Vs. Finance: Career Prospects (Unpacked)
  10. Actuarial Science Vs Mathematics: Degree Value (Defined)
  11. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
  12. Actuary Vs. Data Scientist: Which One Pays More?
  13. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
  14. How Can Analytical Problem-Solving Help with Mathematical Calculations? (10 Important Questions Answered)
  15. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
  16. Actuary: Consulting Vs Corporate Roles (Compared)
  17. How Can I Learn Accounting Principles to Become an Actuary? (10 Important Questions Answered)
  18. 5 Surprising Ways Actuaries Use Statistics In Their Jobs
  19. Actuarial Technician Vs Actuary: Roles (Decoded)
  20. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)

Data visualization techniques

Methods for creating visual representations of data, such as charts, graphs, and maps.

  1. 5 Ways Actuaries Use Data Visualization To Solve Real-World Problems
  2. 5 Surprising Ways Actuaries Use Statistics In Their Jobs
  3. Actuary: Consulting Vs Corporate Roles (Compared)
  4. Actuarial Science Vs. Finance: Career Prospects (Unpacked)
  5. Actuarial Technician Vs Actuary: Roles (Decoded)
  6. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
  7. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
  8. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)

Data visualization tools

  1. 5 Ways Actuaries Use Data Visualization To Solve Real-World Problems
  2. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
  3. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
  4. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
  5. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
  6. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
  7. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
  8. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
  9. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
  10. Life Vs Non-Life: Actuarial Practice (Compared)
  11. What Resources Are Available to Help Me Improve My Mathematical Skills for Becoming an Actuary? (10 Important Questions Answered)
  12. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
  13. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)
  14. What Training Do I Need To Become An Actuary? (10 Important Questions Answered)

Death benefit

A payment made to the beneficiaries of a life insurance policy upon the death of the insured.

  1. Actuarial: Annuities Vs. Life Insurance Roles (Decoded)
  2. Life Vs Non-Life: Actuarial Practice (Compared)

Death Certificate

A legal document that certifies the cause and manner of a person’s death.

  1. Actuarial: Annuities Vs. Life Insurance Roles (Decoded)

Decision-making frameworks

A structured approach to making decisions that involves identifying alternatives, evaluating options, and selecting the best course of action.

  1. Actuarial Science Vs Statistics: Degree Choices (Defined)

Decision-making process

The process of making a choice or selecting a course of action from among several alternatives.

  1. Actuarial Science Vs Statistics: Degree Choices (Defined)
  2. Actuary: In-House Vs Consulting Firm (Clarified)
  3. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
  4. 5 Surprising Ways Actuaries Use Statistics In Their Jobs
  5. 5 Ways Actuaries Use Data Visualization To Solve Real-World Problems
  6. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
  7. Actuarial Technician Vs Actuary: Roles (Decoded)
  8. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
  9. Actuary Vs. Statistician: Which Career Offers Better Job Stability?
  10. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
  11. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
  12. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
  13. Life Vs Non-Life: Actuarial Practice (Compared)
  14. The Top 10 Companies Hiring Actuaries In 2023
  15. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)

Decision theory

The study of decision-making under uncertainty, including the evaluation of options and the selection of the best course of action.

  1. Actuary Vs Statistician: Job Differences (Clarified)

Decision tree analysis

A method of evaluating decisions by analyzing the potential outcomes and their probabilities using a decision tree.

  1. Actuary: Consulting Vs Corporate Roles (Compared)
  2. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
  3. Actuary: Predictive Modeling Vs Traditional (Unpacked)

Decision trees

A visual representation of decision-making that uses branches to show different possible outcomes and their probabilities.

  1. Life Vs Non-Life: Actuarial Practice (Compared)
  2. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)
  3. Actuary Vs Statistician: Job Differences (Clarified)
  4. Actuarial Science Vs Statistics: Degree Choices (Defined)
  5. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
  6. Actuary: Predictive Modeling Vs Traditional (Unpacked)
  7. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
  8. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
  9. How Can Analytical Problem-Solving Help with Mathematical Calculations? (10 Important Questions Answered)
  10. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)

Deductible amount

The specific dollar amount a policyholder must pay out of pocket before insurance coverage kicks in.

  1. Actuary: Auto Insurance Vs Health Insurance (Explained)
  2. Actuary: Personal Lines Vs Commercial Lines (Unpacked)

Deductibles

The amount a policyholder must pay out of pocket before insurance coverage kicks in.

  1. Actuary: Auto Insurance Vs Health Insurance (Explained)
  2. Actuary: Workers Compensation Vs Personal Injury (Defined)
  3. Actuary: Personal Lines Vs Commercial Lines (Unpacked)
  4. Property Vs. Casualty: Actuarial Fields (Compared)
  5. Health Vs Life: Actuarial Specialties (Decoded)
  6. How Much Relocation Assistance is Offered with a Senior-Level Actuarial Compensation Package? (6 Common Questions Answered)
  7. What Are the Risks Associated with Retirement Plans? (10 Important Questions Answered)

Deductibles and limits

The amount a policyholder must pay out of pocket before insurance coverage kicks in, and the maximum amount the insurer will pay.

  1. Actuary: Insurance Vs Financial Services (Explained)

Deep learning algorithms

Machine learning algorithms that use artificial neural networks to analyze and learn from data.

  1. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)

Deferred annuities

An annuity in which payments are deferred until a later date.

  1. Pension Vs. Investment: Actuarial Focus (Defined)

Defined benefit plan

A retirement plan in which the employer guarantees a specific retirement benefit to the employee.

  1. Pension Vs. Investment: Actuarial Focus (Defined)
  2. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
  3. What Are the Risks Associated with Retirement Plans? (10 Important Questions Answered)

Defined contribution plan

A retirement plan in which the employer and/or employee make contributions to an individual account.

  1. Pension Vs. Investment: Actuarial Focus (Defined)
  2. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)

Demographic data analysis

The process of analyzing statistical data relating to the characteristics of a population.

  1. Life Vs Non-Life: Actuarial Practice (Compared)

Demographics

Statistical data relating to the characteristics of a population, such as age, gender, and income.

  1. Actuary: Domestic Vs International Practice (Explained)
  2. Health Vs Life: Actuarial Specialties (Decoded)
  3. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
  4. 5 Common Misconceptions About The Actuarial Profession
  5. 5 Surprising Ways Actuaries Use Statistics In Their Jobs
  6. Actuarial Science Vs Statistics: Degree Choices (Defined)
  7. Actuary: Predictive Modeling Vs Traditional (Unpacked)
  8. Actuary: Private Sector Vs Government Jobs (Clarified)
  9. Actuary Vs. Data Scientist: Which One Pays More?
  10. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
  11. What Are the Most Important Economic Trends for an Actuary to Consider? (10 Important Questions Answered)
  12. Life Vs Non-Life: Actuarial Practice (Compared)
  13. What Challenges Do Actuaries Face When Using Survival Models? (10 Important Questions Answered)

Derivatives trading

The buying and selling of financial instruments whose value is derived from an underlying asset.

  1. Risk Management Vs. Actuarial: Career Paths (Defined)
  2. How Can Actuaries Utilize Investment Principles to Maximize Earnings? (9 Simple Questions Answered)
  3. How Can I Learn Accounting Principles to Become an Actuary? (10 Important Questions Answered)

Design of experiments

A statistical method used to determine the effect of different variables on an outcome.

  1. Actuary Vs Statistician: Job Differences (Clarified)

Differences

Distinctions or variations between two or more things.

  1. SOA Vs. CAS: Actuarial Certifications (Decoded)
  2. Actuary: Domestic Vs International Practice (Explained)
  3. Actuary Vs. Accountant: Which Career Path Should You Choose?
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  5. Actuary Vs. Underwriter: Which Career Offers Better Job Security?
  6. Actuary: Reinsurance Vs Direct Insurance (Explained)
  7. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
  8. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
  9. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
  10. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
  11. Actuary Vs. Statistician: Which Career Offers Better Job Stability?
  12. Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
  13. How To Transition From Accounting To Actuary
  14. Actuary Vs. Account Manager: Which Career Is More Rewarding?
  15. Actuary Vs. Management Consultant: Which Career Is More Prestigious?
  16. Actuary Vs. Risk Manager: Which Career Path Is More Challenging?
  17. Actuary Vs. Mathematician: Which Degree Is More Valuable In The Job Market?
  18. Actuary: Predictive Modeling Vs Traditional (Unpacked)
  19. Actuary: Consulting Vs Corporate Roles (Compared)
  20. Actuary Vs. Teacher: Which Career Offers More Fulfillment?
  21. How Much Do Actuaries Make? (9 Simple Questions Answered)
  22. Life Vs Non-Life: Actuarial Practice (Compared)
  23. Actuary: Reserving Vs Pricing Roles (Clarified)
  24. Actuary Vs. Economist: Which Career Offers Better Compensation?
  25. Actuary Vs. Software Developer: Which Career Offers Better Work-Life Balance?
  26. Actuary Vs Statistician: Job Differences (Clarified)
  27. Actuary Vs. Project Manager: Which Career Offers Better Job Security?
  28. Actuary: Workers Compensation Vs Personal Injury (Defined)
  29. Property Vs. Casualty: Actuarial Fields (Compared)
  30. 5 Surprising Benefits Of Being An Actuary
  31. Actuary Vs. Data Scientist: Which One Pays More?
  32. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
  33. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
  34. Actuary Vs. Investment Banker: Which One Offers A Better Work-Life Balance?
  35. Actuarial Science Vs. Finance: Career Prospects (Unpacked)
  36. Actuarial Science Vs Statistics: Degree Choices (Defined)
  37. Actuarial Technician Vs Actuary: Roles (Decoded)
  38. Actuarial: Annuities Vs. Life Insurance Roles (Decoded)
  39. Actuary: Private Sector Vs Government Jobs (Clarified)
  40. Actuary: Full-Time Vs Contract Work (Explained)
  41. Actuary: Insurance Vs Financial Services (Explained)
  42. Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?
  43. How To Negotiate Your Salary As An Actuary
  44. Actuary: Small Firm Vs. Large Corporation (Unpacked)
  45. Actuary Vs. Auditor: Which Career Offers More Growth Opportunities?
  46. How Can I Make Connections That Will Help My Fellowship Application? (10 Important Questions Answered)
  47. Pension Vs. Investment: Actuarial Focus (Defined)
  48. 5 Tips For Networking As An Aspiring Actuary
  49. What Are the Risks Associated with Retirement Plans? (10 Important Questions Answered)
  50. Risk Management Vs. Actuarial: Career Paths (Defined)
  51. How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)
  52. Actuary: Auto Insurance Vs Health Insurance (Explained)
  53. The Top Skills You Need To Succeed As An Actuary

Differentiator

A unique feature or characteristic that sets a product or service apart from competitors.

  1. Actuary Vs Data Analyst: Similarities and Differences (Clarified)

Difficulty in obtaining loans or mortgages without a steady income stream

The challenge of obtaining loans or mortgages without a consistent source of income.

  1. Actuary: Full-Time Vs Contract Work (Explained)

Direct Insurance

Insurance purchased directly from an insurer without the use of intermediaries.

  1. Actuary: Reinsurance Vs Direct Insurance (Explained)

Direct insurer

An insurance company that sells policies directly to consumers without using intermediaries.

  1. Actuary: Reinsurance Vs Direct Insurance (Explained)

Disability Benefits

Payments made to a policyholder who becomes disabled and is unable to work.

  1. Actuary: Workers Compensation Vs Personal Injury (Defined)

Disability Coverage

Insurance coverage that provides benefits if the policyholder becomes disabled.

  1. Health Vs Life: Actuarial Specialties (Decoded)

Disability waiver of premium rider

A rider that waives premium payments if the policyholder becomes disabled.

  1. Actuarial: Annuities Vs. Life Insurance Roles (Decoded)

Disaster recovery plan

A plan outlining procedures to recover from a catastrophic event.

  1. Actuary: Risk Assessment Vs. Risk Management (Clarified)
  2. Actuary: Small Firm Vs. Large Corporation (Unpacked)

Discounted cash flow (DCF) analysis

A method of valuing an investment by estimating its future cash flows and discounting them to their present value.

  1. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
  2. How Does Financial Analysis Assist Actuaries? (9 Simple Questions Answered)
  3. SOA Vs. CAS: Actuarial Certifications (Decoded)
  4. How Can I Learn Accounting Principles to Become an Actuary? (10 Important Questions Answered)
  5. How Can Investment Analysis Assist an Actuary? (9 Simple Questions Answered)
  6. Product Development Vs Pricing: Actuarial Roles (Compared)
  7. Actuary: Predictive Modeling Vs Traditional (Unpacked)
  8. How Can Actuaries Utilize Investment Principles to Maximize Earnings? (9 Simple Questions Answered)
  9. Risk Management Vs. Actuarial: Career Paths (Defined)

Discounting techniques

Methods used to adjust future cash flows to account for the time value of money.

  1. Actuary: Reserving Vs Pricing Roles (Clarified)

Discount rates

The interest rate used to determine the present value of future cash flows.

  1. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
  2. Pension Vs. Investment: Actuarial Focus (Defined)

Diversification

The process of spreading risk across multiple assets or sectors.

  1. How Can Actuaries Utilize Investment Principles to Maximize Earnings? (9 Simple Questions Answered)
  2. Pension Vs. Investment: Actuarial Focus (Defined)
  3. Actuary: Risk Assessment Vs. Risk Management (Clarified)
  4. Actuary: Insurance Vs Financial Services (Explained)
  5. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
  6. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
  7. Actuary: Domestic Vs International Practice (Explained)
  8. What Are the Most Important Economic Trends for an Actuary to Consider? (10 Important Questions Answered)
  9. How Does Financial Analysis Assist Actuaries? (9 Simple Questions Answered)
  10. Health Vs Life: Actuarial Specialties (Decoded)
  11. Life Vs Non-Life: Actuarial Practice (Compared)
  12. What Are the Risks Associated with Retirement Plans? (10 Important Questions Answered)

Diversification strategies

Investment strategies that involve spreading risk across multiple assets or sectors.

  1. What Should I Know About Stock Options as a Senior-Level Actuary? (8 Most Common Questions Answered)
  2. Actuary: Domestic Vs International Practice (Explained)
  3. What Are the Most Important Economic Trends for an Actuary to Consider? (10 Important Questions Answered)
  4. How Can Financial Mathematics Assist Actuaries? (8 Most Common Questions Answered)
  5. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)

Diversity and inclusion initiatives

Efforts to promote diversity and inclusivity within a company or industry.

  1. Actuary: In-House Vs Consulting Firm (Clarified)

Domestic actuary

An actuary who works within a particular country or region.

  1. Actuary: Domestic Vs International Practice (Explained)

Domestic practice

The practice of actuarial science within a particular country or region.

  1. Actuary: Domestic Vs International Practice (Explained)

Drawbacks

The disadvantages or negative aspects of a particular decision or policy.

  1. The Pros And Cons Of Pursuing An Actuarial Career
  2. Actuary Vs. Economist: Which Career Offers Better Compensation?
  3. Actuary: Full-Time Vs Contract Work (Explained)
  4. Actuary Vs. Teacher: Which Career Offers More Fulfillment?
  5. Actuarial: Annuities Vs. Life Insurance Roles (Decoded)
  6. The Ultimate Guide To Passing Actuarial Exams On The First Try

Driving record

A record of a person’s driving history, including accidents and traffic violations.

  1. Actuary: Auto Insurance Vs Health Insurance (Explained)
  2. Health Vs Life: Actuarial Specialties (Decoded)
  3. Actuary: Personal Lines Vs Commercial Lines (Unpacked)
  4. Actuary Vs Underwriter: Roles in Insurance (Explained)

Duration matching

The matching of the duration of assets and liabilities in an investment portfolio.

  1. Risk Management Vs. Actuarial: Career Paths (Defined)
  2. Life Vs Non-Life: Actuarial Practice (Compared)

Dynamic asset allocation

The process of adjusting investment portfolios based on changing market conditions.

  1. Risk Management Vs. Actuarial: Career Paths (Defined)