Skip to content

Glossary N

Natural disasters

Catastrophic events caused by natural forces such as hurricanes, earthquakes, and floods.

  1. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
  2. 5 Ways Actuaries Use Data Visualization To Solve Real-World Problems
  3. Property Vs. Casualty: Actuarial Fields (Compared)
  4. Actuary: Personal Lines Vs Commercial Lines (Unpacked)
  5. Actuarial Science Vs Statistics: Degree Choices (Defined)
  6. Actuary Vs. Accountant: Which Career Path Should You Choose?
  7. Risk Management Vs. Actuarial: Career Paths (Defined)
  8. SOA Vs. CAS: Actuarial Certifications (Decoded)
  9. Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
  10. Actuary: Reinsurance Vs Direct Insurance (Explained)
  11. Actuary Vs Statistician: Job Differences (Clarified)
  12. Actuary: Risk Assessment Vs. Risk Management (Clarified)
  13. Actuary Vs. Project Manager: Which Career Offers Better Job Security?
  14. How To Transition From Accounting To Actuary
  15. Life Vs Non-Life: Actuarial Practice (Compared)
  16. Actuary: Domestic Vs International Practice (Explained)
  17. Actuary Vs. Data Scientist: Which One Pays More?
  18. How Can Financial Modeling Help an Actuary Identify Potential Losses? (7 Core Questions Answered)
  19. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
  20. Actuary Vs. Underwriter: Which Career Offers Better Job Security?
  21. Actuary Vs Underwriter: Roles in Insurance (Explained)
  22. Actuary Vs. Auditor: Which Career Offers More Growth Opportunities?
  23. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
  24. Actuary: Small Firm Vs. Large Corporation (Unpacked)
  25. Actuary: Reserving Vs Pricing Roles (Clarified)
  26. Actuary: Consulting Vs Corporate Roles (Compared)
  27. Actuary: Auto Insurance Vs Health Insurance (Explained)
  28. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
  29. Actuary Vs. Statistician: Which Career Offers Better Job Stability?
  30. 5 Surprising Ways Actuaries Use Statistics In Their Jobs

Natural disasters analysis

  1. Actuary: Catastrophe Modeling Vs. Traditional (Compared)

Natural language processing (NLP)

  1. Actuary: Predictive Modeling Vs Traditional (Unpacked)
  2. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
  3. Actuary Vs. Data Scientist: Which One Pays More?
  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. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)

Need for self-promotion and networking skills

Actuaries must be able to market themselves and build professional relationships to advance their careers.

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

Need for strong time management and organizational skills to balance multiple projects simultaneously

The ability to effectively manage time and prioritize tasks is essential for success as an actuary.

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

Negligence

Failure to exercise reasonable care, resulting in harm or injury to another person.

  1. Actuary: Workers Compensation Vs Personal Injury (Defined)
  2. Actuary: Personal Lines Vs Commercial Lines (Unpacked)

Negotiation tactics

Strategies used to reach a mutually beneficial agreement.

  1. Actuary: Workers Compensation Vs Personal Injury (Defined)
  2. How To Negotiate Your Salary As An Actuary
  3. How To Stand Out As An Actuary In A Competitive Job Market

Net income

The amount of money earned after deducting expenses and taxes.

  1. Actuary: Auto Insurance Vs Health Insurance (Explained)

Net present value (NPV)

A financial calculation that determines the current value of future cash flows.

  1. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
  2. Actuary: Predictive Modeling Vs Traditional (Unpacked)
  3. Product Development Vs Pricing: Actuarial Roles (Compared)

Networking events

Gatherings where professionals can meet and build relationships.

  1. 5 Tips For Networking As An Aspiring Actuary
  2. What Resources are Available Through Actuarial Alumni Associations? (10 Important Questions Answered)
  3. How To Stand Out As An Actuary In A Competitive Job Market
  4. How Can I Make Connections That Will Help My Fellowship Application? (10 Important Questions Answered)
  5. How Do I Obtain Professional Designations as an Actuary? (10 Important Questions Answered)
  6. The Ultimate Guide To Actuarial Internships: How To Land Your Dream Job
  7. Actuary: In-House Vs Consulting Firm (Clarified)
  8. How Can I Take Advantage of Educational Assistance Through a Senior-Level Actuarial Compensation Package? (9 Simple Questions Answered)
  9. What Should I Look for in a Senior-Level Actuary Compensation Package? (9 Simple Questions Answered)
  10. How Can I Develop Expertise in the Actuarial Field? (10 Important Questions Answered)
  11. What Fees Are Associated with Gaining an Actuarial Certification? (10 Important Questions Answered)
  12. The Pros And Cons Of Pursuing An Actuarial Career
  13. How Flexible Is Scheduling for Senior-Level Actuaries? (9 Simple Questions Answered)

Networking opportunities

Events or activities that allow professionals to connect and build relationships.

  1. What Resources are Available Through Actuarial Alumni Associations? (10 Important Questions Answered)
  2. How Can I Develop Expertise in the Actuarial Field? (10 Important Questions Answered)
  3. How Do I Obtain Professional Designations as an Actuary? (10 Important Questions Answered)
  4. How Long Does It Take to Become a Certified Actuary? (10 Important Questions Answered)
  5. Actuary: Part-Time Vs Full-Time Roles (Compared)
  6. Actuary: Private Sector Vs Government Jobs (Clarified)
  7. How Can Senior-Level Actuaries Maximize Their Earning Potential in High-Paying Industries? (9 Simple Questions Answered)
  8. How Much Do Actuaries Make? (9 Simple Questions Answered)
  9. The Ultimate Guide To Actuarial Internships: How To Land Your Dream Job
  10. How To Transition From Accounting To Actuary
  11. The Ultimate Guide To Passing Actuarial Exams On The First Try
  12. What Steps Should I Take to Become a Fellow of the Actuarial Profession? (10 Important Questions Answered)
  13. Actuary: Full-Time Vs Contract Work (Explained)
  14. 5 Tips For Networking As An Aspiring Actuary
  15. How To Navigate The Actuarial Exam Process As An International Student
  16. What Resources Are Available to Help Me Improve My Mathematical Skills for Becoming an Actuary? (10 Important Questions Answered)
  17. How Can I Make Connections That Will Help My Fellowship Application? (10 Important Questions Answered)
  18. How Can Actuaries Maximize Their Networking Potential? (6 Common Questions Answered)
  19. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
  20. How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)
  21. The Pros And Cons Of Pursuing An Actuarial Career
  22. The Top Skills You Need To Succeed As An Actuary
  23. How To Negotiate Your Salary As An Actuary
  24. 5 Surprising Benefits Of Being An Actuary

Network providers

Companies that provide internet or telecommunications services.

  1. Health Vs Life: Actuarial Specialties (Decoded)

Neural networks

A type of artificial intelligence that mimics the structure and function of the human brain.

  1. Life Vs Non-Life: Actuarial Practice (Compared)
  2. Actuary: Predictive Modeling Vs Traditional (Unpacked)
  3. Actuarial Science Vs Statistics: Degree Choices (Defined)
  4. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)

No-fault insurance

Insurance that covers damages regardless of who is at fault in an accident.

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

Non-life insurance

Insurance policies that cover property and casualty risks, such as car or home insurance.

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

Non-Life Insurance Policies

Insurance policies that cover property and casualty risks, such as car or home insurance.

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

Non-Profit Organizations

Organizations that operate for a social or charitable purpose, rather than for profit.

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

Non-traditional roles

Alternative career paths for actuaries, often involving data analysis or risk management.

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

Normal distribution

A statistical distribution where the majority of data falls within a certain range, forming a bell curve.

  1. Actuarial Science Vs Mathematics: Degree Value (Defined)
  2. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)
  3. Actuary: Predictive Modeling Vs Traditional (Unpacked)
  4. Risk Management Vs. Actuarial: Career Paths (Defined)