Glossary S

Safety measures in place

Precautions taken to prevent accidents or injuries in the workplace.

1. Actuary: Personal Lines Vs Commercial Lines (Unpacked)

Salary and benefits

Total compensation package including salary, health insurance, retirement benefits, and other perks.

1. Actuary: Part-Time Vs Full-Time Roles (Compared)
2. How To Negotiate Your Salary As An Actuary
3. Actuary: Full-Time Vs Contract Work (Explained)
4. Actuary: Private Sector Vs Government Jobs (Clarified)
5. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
6. Actuary Vs. Economist: Which Career Offers Better Compensation?
7. What Should I Look for in a Senior-Level Actuary Compensation Package? (9 Simple Questions Answered)
8. The Top 10 Companies Hiring Actuaries In 2023

Salary comparison

Analyzing compensation packages of different jobs or industries to determine relative value.

1. Actuary: Part-Time Vs Full-Time Roles (Compared)
2. Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
3. Actuary Vs. Management Consultant: Which Career Is More Prestigious?
4. Actuary Vs. Project Manager: Which Career Offers Better Job Security?
5. Actuary Vs. Underwriter: Which Career Offers Better Job Security?
6. Actuary Vs. Economist: Which Career Offers Better Compensation?
7. Actuary Vs. Statistician: Which Career Offers Better Job Stability?
8. Actuary Vs. Teacher: Which Career Offers More Fulfillment?
9. Actuary Vs. Software Developer: Which Career Offers Better Work-Life Balance?
10. Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?
11. Actuary Vs. Risk Manager: Which Career Path Is More Challenging?
12. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
13. Actuary Vs. Mathematician: Which Degree Is More Valuable In The Job Market?
14. How To Transition From Accounting To Actuary
15. Actuary Vs. Investment Banker: Which One Offers A Better Work-Life Balance?
16. Actuary Vs. Accountant: Which Career Path Should You Choose?
17. Actuary Vs. Data Scientist: Which One Pays More?
18. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
19. Actuary Vs. Auditor: Which Career Offers More Growth Opportunities?
20. The Top 10 Companies Hiring Actuaries In 2023

Salary differences

1. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
2. Actuary Vs. Economist: Which Career Offers Better Compensation?
3. 5 Surprising Benefits Of Being An Actuary
4. Actuary: Full-Time Vs Contract Work (Explained)
5. Actuary: Part-Time Vs Full-Time Roles (Compared)
6. Actuary: Small Firm Vs. Large Corporation (Unpacked)
7. Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?

Salary expectations

Anticipated level of compensation for a particular job or industry.

1. Actuary Vs Statistician: Job Differences (Clarified)
2. How To Negotiate Your Salary As An Actuary
3. Actuary Vs. Mathematician: Which Degree Is More Valuable In The Job Market?
4. How Long Does It Take to Become a Certified Actuary? (10 Important Questions Answered)
5. The Pros And Cons Of Pursuing An Actuarial Career

Salary increases

Raises in pay given to employees for various reasons such as performance or cost of living adjustments.

1. How Can Senior-Level Actuaries Maximize Their Earning Potential in High-Paying Industries? (9 Simple Questions Answered)
2. Actuary: Private Sector Vs Government Jobs (Clarified)
3. Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?
4. How To Negotiate Your Salary As An Actuary
5. How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)

Salary negotiation skills

Ability to effectively negotiate compensation and benefits with an employer.

1. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)

Salvage value

Estimated value of an asset at the end of its useful life.

1. Property Vs. Casualty: Actuarial Fields (Compared)

Sampling techniques

Methods used to select a representative subset of data for analysis.

1. Actuary Vs Statistician: Job Differences (Clarified)
2. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
3. How Can I Use Mathematical Models to Become an Actuary? (10 Important Questions Answered)
4. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)

Scalability of data management systems

Ability of a system to handle increasing amounts of data without compromising performance.

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

Scenario planning

Developing strategies to prepare for and respond to potential future events.

1. Actuary: Risk Assessment Vs. Risk Management (Clarified)
2. Product Development Vs Pricing: Actuarial Roles (Compared)
3. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
4. Actuary: Predictive Modeling Vs Traditional (Unpacked)
5. Actuary Vs. Risk Manager: Which Career Path Is More Challenging?
6. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
7. How Can Financial Modeling Help an Actuary Identify Potential Losses? (7 Core Questions Answered)
8. What Should I Know About Stock Options as a Senior-Level Actuary? (8 Most Common Questions Answered)
9. What Does An Actuary Do? (9 Simple Questions Answered)

Scenario testing

Analyzing potential outcomes of different scenarios to assess risk and make informed decisions.

1. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
2. Product Development Vs Pricing: Actuarial Roles (Compared)

Securities trading

Buying and selling of financial instruments such as stocks, bonds, and options.

1. Actuarial Science Vs. Finance: Career Prospects (Unpacked)

Self-employment taxes

Taxes paid by individuals who work for themselves and are responsible for their own income tax and social security contributions.

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

Self-study courses

Independent learning programs to gain knowledge and skills without formal classroom instruction.

1. SOA Vs. CAS: Actuarial Certifications (Decoded)

Sensitivity analysis

Examination of the impact of changes in variables on the outcome of a model or calculation.

1. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
2. Actuary: Risk Assessment Vs. Risk Management (Clarified)
3. SOA Vs. CAS: Actuarial Certifications (Decoded)
4. Actuarial Science Vs Mathematics: Degree Value (Defined)
5. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
6. Product Development Vs Pricing: Actuarial Roles (Compared)
7. Risk Management Vs. Actuarial: Career Paths (Defined)
8. Actuary: Predictive Modeling Vs Traditional (Unpacked)
9. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
10. What Should I Know About Stock Options as a Senior-Level Actuary? (8 Most Common Questions Answered)

Sensitivity testing

Analysis of the impact of changes in variables on the outcome of a model or calculation.

1. Actuarial Technician Vs Actuary: Roles (Decoded)
2. Actuary: Catastrophe Modeling Vs. Traditional (Compared)

Settlement Negotiation

The process of reaching an agreement between parties involved in a legal dispute.

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

Severity of claims

The extent of damage or loss resulting from an insurance claim.

1. Actuary: Workers Compensation Vs Personal Injury (Defined)
2. Actuary: Auto Insurance Vs Health Insurance (Explained)
3. Actuary Vs Underwriter: Roles in Insurance (Explained)

Severity of loss

1. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
2. Actuary: Auto Insurance Vs Health Insurance (Explained)
3. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)

Sharpe ratio

A measure of risk-adjusted return on investment.

1. Actuary: Predictive Modeling Vs Traditional (Unpacked)
2. How Can Actuaries Utilize Investment Principles to Maximize Earnings? (9 Simple Questions Answered)
3. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)

Short-term contract

A contract that lasts for a limited period of time.

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

Short-term disability

A temporary disability that prevents an individual from working for a short period of time.

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

Skewness

A measure of the asymmetry of a probability distribution.

1. Actuary: Predictive Modeling Vs Traditional (Unpacked)

Skill-building opportunities

Opportunities to develop and improve skills and knowledge.

1. Actuary: Full-Time Vs Contract Work (Explained)
2. How To Land An Actuary Job With No Experience

Skill-building workshops and seminars

Training sessions designed to improve specific skills and knowledge.

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

Skill development

The process of acquiring new skills and knowledge.

1. How To Land An Actuary Job With No Experience
2. Actuary: Full-Time Vs Contract Work (Explained)

Skillset

A set of skills and knowledge required for a particular job or profession.

1. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
2. Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
3. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
4. 5 Common Misconceptions About The Actuarial Profession
5. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
6. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
7. How Can Senior-Level Actuaries Maximize Their Earning Potential in High-Paying Industries? (9 Simple Questions Answered)
8. Actuary Vs. Software Developer: Which Career Offers Better Work-Life Balance?
9. How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)
10. How Can I Develop Expertise in the Actuarial Field? (10 Important Questions Answered)
11. How To Land An Actuary Job With No Experience
12. How Much Do Actuaries Make? (9 Simple Questions Answered)
13. How Can Financial Modeling Help an Actuary Identify Potential Losses? (7 Core Questions Answered)
14. What Should I Look for in a Senior-Level Actuary Compensation Package? (9 Simple Questions Answered)
15. Actuary Vs. Project Manager: Which Career Offers Better Job Security?
16. Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?
17. The Top Skills You Need To Succeed As An Actuary
18. Actuary Vs. Mathematician: Which Degree Is More Valuable In The Job Market?
19. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
20. Actuary Vs. Auditor: Which Career Offers More Growth Opportunities?
21. Actuary Vs. Account Manager: Which Career Is More Rewarding?
22. Actuary: Small Firm Vs. Large Corporation (Unpacked)
23. Actuary Vs. Underwriter: Which Career Offers Better Job Security?
24. What Are the Requirements for Becoming a Certified Actuary? (9 Simple Questions Answered)

Skillset enhancement

Improvement of an individual’s skills and knowledge in a particular field.

1. Actuary: Part-Time Vs Full-Time Roles (Compared)

Skillset validation

Verification of an individual’s skills and knowledge in a particular field.

1. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)

Small firm

A company with a limited number of employees and a relatively small revenue.

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

Social Security benefits

Government-provided financial assistance to eligible individuals, including retirement, disability, and survivor benefits.

1. What Are the Risks Associated with Retirement Plans? (10 Important Questions Answered)
2. Pension Vs. Investment: Actuarial Focus (Defined)
3. How Can I Take Advantage of Educational Assistance Through a Senior-Level Actuarial Compensation Package? (9 Simple Questions Answered)

Social Security Disability Insurance (SSDI)

A federal program that provides income to individuals who are unable to work due to a disability.

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

Social security systems

Government programs that provide financial assistance to individuals in need.

1. Health Vs Life: Actuarial Specialties (Decoded)

Soft skills training

Training to develop interpersonal skills such as communication, teamwork, and leadership.

1. Actuary: Private Sector Vs Government Jobs (Clarified)

Solvency analysis

1. SOA Vs. CAS: Actuarial Certifications (Decoded)
2. Actuary: Small Firm Vs. Large Corporation (Unpacked)
3. Pension Vs. Investment: Actuarial Focus (Defined)
4. What Does An Actuary Do? (9 Simple Questions Answered)

Solvency Assessment

Evaluation of an insurance company’s financial strength and ability to meet its obligations.

1. Actuary: Risk Assessment Vs. Risk Management (Clarified)

Solvency regulation

Rules and guidelines set by regulatory bodies to ensure that insurance companies have enough funds to pay claims.

1. SOA Vs. CAS: Actuarial Certifications (Decoded)
2. Actuary: Consulting Vs Corporate Roles (Compared)
3. Actuary: Domestic Vs International Practice (Explained)
4. How Can Financial Mathematics Assist Actuaries? (8 Most Common Questions Answered)
5. How Can I Use Mathematical Models to Become an Actuary? (10 Important Questions Answered)
6. Property Vs. Casualty: Actuarial Fields (Compared)
7. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)

Solvency requirements

The financial requirements that an organization must meet to remain solvent and meet its obligations.

1. Actuary: Reserving Vs Pricing Roles (Clarified)
2. Life Vs Non-Life: Actuarial Practice (Compared)
3. Actuary: Reinsurance Vs Direct Insurance (Explained)
4. Actuary Vs Underwriter: Roles in Insurance (Explained)

Specialization opportunities

Areas of expertise within the actuarial field that offer unique career paths.

1. Actuary: Private Sector Vs Government Jobs (Clarified)

Stability

The ability of an organization or system to maintain its structure and function over time.

1. Actuary Vs. Statistician: Which Career Offers Better Job Stability?
2. The Pros And Cons Of Pursuing An Actuarial Career
3. Actuary: In-House Vs Consulting Firm (Clarified)
4. Actuary Vs. Project Manager: Which Career Offers Better Job Security?
5. Actuary: Full-Time Vs Contract Work (Explained)
6. Actuary Vs. Software Developer: Which Career Offers Better Work-Life Balance?
7. Actuary Vs. Management Consultant: Which Career Is More Prestigious?
8. 5 Surprising Benefits Of Being An Actuary
9. Actuary: Private Sector Vs Government Jobs (Clarified)
10. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
11. Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
12. Pension Vs. Investment: Actuarial Focus (Defined)
13. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
14. Actuary Vs. Account Manager: Which Career Is More Rewarding?
15. Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?
16. Actuarial Science Vs. Finance: Career Prospects (Unpacked)
17. Actuary Vs. Underwriter: Which Career Offers Better Job Security?
18. How Can I Take Advantage of Educational Assistance Through a Senior-Level Actuarial Compensation Package? (9 Simple Questions Answered)
19. Actuary Vs. Investment Banker: Which One Offers A Better Work-Life Balance?

Standard deviation

A measure of the variability or dispersion of a set of data.

1. Actuary: Predictive Modeling Vs Traditional (Unpacked)
2. Actuary Vs Underwriter: Roles in Insurance (Explained)
3. Risk Management Vs. Actuarial: Career Paths (Defined)

Statistical Analysis

The process of analyzing and interpreting data to draw meaningful conclusions.

1. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
2. Actuarial Science Vs Mathematics: Degree Value (Defined)
3. Actuary: Risk Assessment Vs. Risk Management (Clarified)

Statistical analysis techniques

Methods used to analyze and interpret data.

1. Actuary Vs Underwriter: Roles in Insurance (Explained)
2. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
3. Actuary Vs. Mathematician: Which Degree Is More Valuable In The Job Market?
4. How Can Financial Mathematics Assist Actuaries? (8 Most Common Questions Answered)

Statistical analysis tool

Software or techniques used to analyze and interpret data.

1. Actuary: Predictive Modeling Vs Traditional (Unpacked)
2. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
3. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
4. What Resources Are Available to Help Me Improve My Mathematical Skills for Becoming an Actuary? (10 Important Questions Answered)

Statistical data interpretation

The process of analyzing and interpreting data to draw meaningful conclusions.

1. Actuary: Domestic Vs International Practice (Explained)
2. Actuary: Risk Assessment Vs. Risk Management (Clarified)

Statistical inference

The process of drawing conclusions about a population based on a sample of data.

1. Actuarial Science Vs Mathematics: Degree Value (Defined)
2. Actuary: Consulting Vs Corporate Roles (Compared)
3. Actuary: Reserving Vs Pricing Roles (Clarified)
4. Actuarial Science Vs Statistics: Degree Choices (Defined)
5. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
6. Actuary Vs Statistician: Job Differences (Clarified)
7. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
8. How Do Statistical Models Help Actuaries? (8 Most Common Questions Answered)
9. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
10. Actuary: Domestic Vs International Practice (Explained)
11. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
12. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
13. How Can Financial Modeling Help an Actuary Identify Potential Losses? (7 Core Questions Answered)
14. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
15. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)

Statistical methods

1. Actuarial Science Vs Mathematics: Degree Value (Defined)
2. Actuary Vs Statistician: Job Differences (Clarified)
3. Risk Management Vs. Actuarial: Career Paths (Defined)
4. SOA Vs. CAS: Actuarial Certifications (Decoded)
5. Actuary: Risk Assessment Vs. Risk Management (Clarified)
6. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
7. Actuarial Science Vs. Finance: Career Prospects (Unpacked)
8. Actuary: Domestic Vs International Practice (Explained)
9. How Can I Become a Financial Engineer? (10 Important Questions Answered)
10. Actuarial Science Vs Statistics: Degree Choices (Defined)
11. Pension Vs. Investment: Actuarial Focus (Defined)
12. Actuary: Predictive Modeling Vs Traditional (Unpacked)
13. Actuary: Private Sector Vs Government Jobs (Clarified)
14. What Skills Are Needed for an Actuarial Internship? (10 Important Questions Answered)
15. Actuary: Consulting Vs Corporate Roles (Compared)
16. How Can Senior-Level Actuaries Maximize Their Earning Potential in High-Paying Industries? (9 Simple Questions Answered)
17. How Can I Maximize My Earnings as an Actuary? (10 Important Questions Answered)
18. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
19. Property Vs. Casualty: Actuarial Fields (Compared)
20. How Do Statistical Models Help Actuaries? (8 Most Common Questions Answered)
21. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
22. What Challenges Do Actuaries Face When Using Survival Models? (10 Important Questions Answered)
23. What Resources Are Available to Help Me Improve My Mathematical Skills for Becoming an Actuary? (10 Important Questions Answered)
24. The Pros And Cons Of Pursuing An Actuarial Career
25. How Can Analytical Problem-Solving Help with Mathematical Calculations? (10 Important Questions Answered)
26. How To Transition From Accounting To Actuary
27. 5 Surprising Ways Actuaries Use Statistics In Their Jobs
28. Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?
29. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
30. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
31. The Top 10 Companies Hiring Actuaries In 2023
32. Actuary Vs. Project Manager: Which Career Offers Better Job Security?
33. Actuary Vs. Economist: Which Career Offers Better Compensation?
34. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
35. Actuary Vs. Accountant: Which Career Path Should You Choose?
36. Actuary: Reserving Vs Pricing Roles (Clarified)
37. Actuary: Insurance Vs Financial Services (Explained)
38. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
39. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
40. How Can I Learn Accounting Principles to Become an Actuary? (10 Important Questions Answered)
41. 5 Ways Actuaries Use Data Visualization To Solve Real-World Problems
42. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
43. What Does An Actuary Do? (9 Simple Questions Answered)

Statistical methods and applications

Techniques used to analyze and interpret data in various fields.

1. Actuary Vs Statistician: Job Differences (Clarified)

Statistical modeling

The process of developing mathematical models to analyze data.

1. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
2. Actuary: Consulting Vs Corporate Roles (Compared)
3. SOA Vs. CAS: Actuarial Certifications (Decoded)
4. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
5. How Can I Use Mathematical Models to Become an Actuary? (10 Important Questions Answered)
6. Actuarial Science Vs. Finance: Career Prospects (Unpacked)
7. Actuary: Risk Assessment Vs. Risk Management (Clarified)
8. Actuary Vs Underwriter: Roles in Insurance (Explained)
9. What Challenges Do Actuaries Face When Using Survival Models? (10 Important Questions Answered)
10. How Can Financial Modeling Help an Actuary Identify Potential Losses? (7 Core Questions Answered)
11. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
12. What Training Do I Need To Become An Actuary? (10 Important Questions Answered)
13. Actuarial Science Vs Mathematics: Degree Value (Defined)
14. Actuarial Science Vs Statistics: Degree Choices (Defined)
15. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
16. What Are the Requirements for Becoming a Certified Actuary? (9 Simple Questions Answered)
17. Actuarial Analyst: Entry-Level Vs Senior Roles (Decoded)
18. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
19. How Can Regression Analysis Assist Actuaries? (8 Most Common Questions Answered)
20. Property Vs. Casualty: Actuarial Fields (Compared)
21. What Skills Are Needed for an Actuarial Internship? (10 Important Questions Answered)
22. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
23. How Can I Become a Financial Engineer? (10 Important Questions Answered)
24. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
25. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
26. Actuary: Workers Compensation Vs Personal Injury (Defined)
27. What Does An Actuary Do? (9 Simple Questions Answered)
28. Actuarial Technician Vs Actuary: Roles (Decoded)
29. Actuary Vs. Account Manager: Which Career Is More Rewarding?
30. Actuary: Reserving Vs Pricing Roles (Clarified)
31. 5 Surprising Benefits Of Being An Actuary

Statistical modeling techniques

Methods used to develop statistical models to analyze data.

1. Actuary: Predictive Modeling Vs Traditional (Unpacked)
2. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
3. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)
4. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
5. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
6. How Do Statistical Models Help Actuaries? (8 Most Common Questions Answered)

Statistical models

1. How Do Statistical Models Help Actuaries? (8 Most Common Questions Answered)
2. Actuarial Science Vs Statistics: Degree Choices (Defined)
3. 5 Surprising Ways Actuaries Use Statistics In Their Jobs
4. Actuary: Reinsurance Vs Direct Insurance (Explained)
5. Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
6. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
7. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
8. Actuary Vs. Management Consultant: Which Career Is More Prestigious?
9. Property Vs. Casualty: Actuarial Fields (Compared)
10. Actuary Vs. Account Manager: Which Career Is More Rewarding?
11. Actuary: Workers Compensation Vs Personal Injury (Defined)
12. Actuary Vs. Underwriter: Which Career Offers Better Job Security?
13. 5 Common Misconceptions About The Actuarial Profession
14. Actuary Vs Underwriter: Roles in Insurance (Explained)
15. Risk Management Vs. Actuarial: Career Paths (Defined)
16. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
17. What Are the Most Important Economic Trends for an Actuary to Consider? (10 Important Questions Answered)
18. Actuary Vs. Teacher: Which Career Offers More Fulfillment?
19. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
20. Actuary Vs. Risk Manager: Which Career Path Is More Challenging?
21. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
22. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
23. Actuary: Risk Assessment Vs. Risk Management (Clarified)
24. Actuary: Predictive Modeling Vs Traditional (Unpacked)
25. Actuary: Catastrophe Modeling Vs. Traditional (Compared)
26. Actuarial Science Vs Mathematics: Degree Value (Defined)
27. Actuary Vs Statistician: Job Differences (Clarified)
28. The Top 10 Companies Hiring Actuaries In 2023

Statistical software

Computer programs used to analyze and interpret data.

1. How To Transition From Accounting To Actuary
2. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
3. Actuary Vs Statistician: Job Differences (Clarified)
4. What Skills Are Needed for an Actuarial Internship? (10 Important Questions Answered)
5. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
6. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
7. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
8. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)
9. What Are the Requirements for Becoming a Certified Actuary? (9 Simple Questions Answered)

Statistical software applications

Software programs used to perform statistical analysis and modeling.

1. Actuary Vs Statistician: Job Differences (Clarified)

Statistical software proficiency

The ability to use statistical software to analyze and interpret data.

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

Statistics

The science of collecting, analyzing, and interpreting data.

1. 5 Surprising Ways Actuaries Use Statistics In Their Jobs
2. Actuarial Science Vs Statistics: Degree Choices (Defined)
3. Actuary Vs Statistician: Job Differences (Clarified)
4. Actuary Vs. Statistician: Which Career Offers Better Job Stability?
5. Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
6. Actuary Vs. Management Consultant: Which Career Is More Prestigious?
7. How To Transition From Accounting To Actuary
8. Actuary Vs. Account Manager: Which Career Is More Rewarding?
9. Actuary Vs. Underwriter: Which Career Offers Better Job Security?
10. Actuary Vs. Data Scientist: Which One Pays More?
11. Actuary Vs. Accountant: Which Career Path Should You Choose?
12. Actuary Vs. Economist: Which Career Offers Better Compensation?
13. How Do Statistical Models Help Actuaries? (8 Most Common Questions Answered)
14. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
15. Actuary Vs. Mathematician: Which Degree Is More Valuable In The Job Market?
16. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
17. Actuary Vs. Risk Manager: Which Career Path Is More Challenging?
18. Actuary Vs. Software Developer: Which Career Offers Better Work-Life Balance?
19. What Are the Requirements for Becoming a Certified Actuary? (9 Simple Questions Answered)
20. What Training Do I Need To Become An Actuary? (10 Important Questions Answered)
21. Actuary Vs. Project Manager: Which Career Offers Better Job Security?
22. How Much Do Actuaries Make? (9 Simple Questions Answered)
23. How To Land An Actuary Job With No Experience
24. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
25. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
26. 5 Surprising Benefits Of Being An Actuary
27. How Can I Learn Accounting Principles to Become an Actuary? (10 Important Questions Answered)
28. How Do I Obtain Actuarial Qualifications? (8 Most Common Questions Answered)
29. Actuarial Technician Vs Actuary: Roles (Decoded)
30. What Resources Are Available to Help Me Improve My Mathematical Skills for Becoming an Actuary? (10 Important Questions Answered)
31. The Top 10 Companies Hiring Actuaries In 2023
32. SOA Vs. CAS: Actuarial Certifications (Decoded)
33. Actuary Vs. Auditor: Which Career Offers More Growth Opportunities?
34. The Top Skills You Need To Succeed As An Actuary
35. Pension Vs. Investment: Actuarial Focus (Defined)
36. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
37. What Does An Actuary Do? (9 Simple Questions Answered)
38. How Can I Use Mathematical Models to Become an Actuary? (10 Important Questions Answered)
39. How Can I Develop Expertise in the Actuarial Field? (10 Important Questions Answered)
40. Risk Management Vs. Actuarial: Career Paths (Defined)
41. The Top Actuarial Certifications You Need To Boost Your Career
42. 5 Common Misconceptions About The Actuarial Profession
43. How Long Does It Take to Complete an Actuarial Exam? (10 Important Questions Answered)
44. What Skills Are Needed for an Actuarial Internship? (10 Important Questions Answered)
45. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
46. Actuary: Auto Insurance Vs Health Insurance (Explained)
47. Actuary Vs. Teacher: Which Career Offers More Fulfillment?
48. Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?
49. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
50. Actuary: Insurance Vs Financial Services (Explained)
51. How Can Financial Mathematics Assist Actuaries? (8 Most Common Questions Answered)
52. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
53. Actuarial Science Vs. Finance: Career Prospects (Unpacked)
54. Actuary: Consulting Vs Corporate Roles (Compared)
55. The Pros And Cons Of Pursuing An Actuarial Career
56. What Challenges Do Actuaries Face When Using Survival Models? (10 Important Questions Answered)
57. Actuary: Private Sector Vs Government Jobs (Clarified)
58. Actuary: Risk Assessment Vs. Risk Management (Clarified)
59. What Steps Should I Take to Become a Fellow of the Actuarial Profession? (10 Important Questions Answered)
60. How Long Does It Take to Become a Certified Actuary? (10 Important Questions Answered)
61. Property Vs. Casualty: Actuarial Fields (Compared)
62. Actuary Vs. Investment Banker: Which One Offers A Better Work-Life Balance?
63. Actuary Vs Underwriter: Roles in Insurance (Explained)
64. Actuary: Workers Compensation Vs Personal Injury (Defined)
65. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
66. Health Vs Life: Actuarial Specialties (Decoded)
67. How Can Financial Modeling Help an Actuary Identify Potential Losses? (7 Core Questions Answered)
68. Actuary: Reserving Vs Pricing Roles (Clarified)
69. How Flexible Is Scheduling for Senior-Level Actuaries? (9 Simple Questions Answered)

Stochastic calculus

A branch of mathematics that deals with the analysis of random processes.

1. Actuarial Science Vs Statistics: Degree Choices (Defined)
2. Actuarial Science Vs. Finance: Career Prospects (Unpacked)

Stochastic modeling

The use of probability theory to model complex systems that involve uncertainty.

1. Actuary: Risk Assessment Vs. Risk Management (Clarified)
2. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)

Stochastic processes

Mathematical models used to describe random events or systems that evolve over time.

1. SOA Vs. CAS: Actuarial Certifications (Decoded)
2. Risk Management Vs. Actuarial: Career Paths (Defined)
3. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
4. Actuarial Science Vs Mathematics: Degree Value (Defined)
5. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
6. How Can I Use Mathematical Models to Become an Actuary? (10 Important Questions Answered)
7. Actuarial Technician Vs Actuary: Roles (Decoded)
8. Actuarial Science Vs Statistics: Degree Choices (Defined)
9. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
10. How Do Statistical Models Help Actuaries? (8 Most Common Questions Answered)
11. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
12. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
13. How Can Financial Mathematics Assist Actuaries? (8 Most Common Questions Answered)
14. How Can Actuaries Utilize Investment Principles to Maximize Earnings? (9 Simple Questions Answered)
15. What Resources Are Available to Help Me Improve My Mathematical Skills for Becoming an Actuary? (10 Important Questions Answered)
16. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
17. How Can Statistic Computing Help Actuaries? (9 Simple Questions Answered)
18. What Challenges Do Actuaries Face When Using Survival Models? (10 Important Questions Answered)
19. What Are the Requirements for Becoming a Certified Actuary? (9 Simple Questions Answered)
20. What Training Do I Need To Become An Actuary? (10 Important Questions Answered)

Strategic asset allocation

The process of determining the optimal mix of assets to achieve an organization’s investment objectives.

1. Actuarial Science Vs. Finance: Career Prospects (Unpacked)

Strategic planning

The process of defining an organization’s long-term goals and developing a plan to achieve them.

1. Actuary: Consulting Vs Corporate Roles (Compared)
2. Actuary Vs Data Analyst: Similarities and Differences (Clarified)
3. Actuary Vs. Management Consultant: Which Career Is More Prestigious?
4. Actuarial Analyst Vs Risk Analyst: Differences (Decoded)
5. How Do I Obtain Actuarial Qualifications? (8 Most Common Questions Answered)
6. Actuary Vs. Accountant: Which Career Path Should You Choose?
7. Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
8. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
9. The Top 10 Companies Hiring Actuaries In 2023
10. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)

Stress testing

The process of evaluating the financial stability of an organization under adverse economic conditions.

1. Risk Management Vs. Actuarial: Career Paths (Defined)
2. Actuary: Risk Assessment Vs. Risk Management (Clarified)
3. What Tools and Techniques Should an Actuary Use for Effective Data Manipulation? (10 Important Questions Answered)
4. How Can I Improve My Financial Modeling Skills Using Statistical Techniques? (9 Simple Questions Answered)
5. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
6. How Does Financial Analysis Assist Actuaries? (9 Simple Questions Answered)
7. How Can I Become a Financial Engineer? (10 Important Questions Answered)
8. How Can Financial Mathematics Assist Actuaries? (8 Most Common Questions Answered)
9. How Can Financial Modeling Help an Actuary Identify Potential Losses? (7 Core Questions Answered)
10. How Can I Obtain Professional Qualifications as an Actuary? (10 Important Questions Answered)
11. What Challenges Do Actuaries Face When Using Survival Models? (10 Important Questions Answered)
12. What Does An Actuary Do? (9 Simple Questions Answered)

Subrogation rights

The legal right of an insurer to pursue a third party that caused an insurance loss to the insured.

1. Property Vs. Casualty: Actuarial Fields (Compared)

Success

Achievement of desired goals or outcomes.

1. What Are the Best Practices for Solving Problems on the Actuarial Exams? (10 Important Questions Answered)
2. The Ultimate Guide To Passing Actuarial Exams On The First Try
3. How To Navigate The Actuarial Exam Process As An International Student
4. The Top Skills You Need To Succeed As An Actuary
5. Is Taking an Instructor-Led Class Necessary for Passing Actuarial Certification Exams? (7 Core Questions Answered)
6. How To Overcome Imposter Syndrome As An Actuary
7. Actuary: Traditional Vs Non-Traditional Roles (Unpacked)
8. The Ultimate Guide To Actuarial Internships: How To Land Your Dream Job
9. How Long Does It Take to Complete an Actuarial Exam? (10 Important Questions Answered)
10. How To Stand Out As An Actuary In A Competitive Job Market
11. Actuary Vs. Sales Executive: Which Career Offers More Job Flexibility?
12. How Can Actuaries Improve Their Negotiating Skills? (9 Simple Questions Answered)
13. SOA Vs. CAS: Actuarial Certifications (Decoded)
14. The Top 10 Companies Hiring Actuaries In 2023
15. Actuary Vs. Financial Analyst: Which Job Offers Better Career Growth?
16. How To Land An Actuary Job With No Experience
17. What Training Do I Need To Become An Actuary? (10 Important Questions Answered)
18. 5 Common Misconceptions About The Actuarial Profession
19. How Can I Make Connections That Will Help My Fellowship Application? (10 Important Questions Answered)
20. Product Development Vs Pricing: Actuarial Roles (Compared)
21. What Resources Are Available to Help Me Pass Qualifying Exams for Fellowship in the Actuarial Profession? (10 Important Questions Answered)
22. How To Negotiate Your Salary As An Actuary
23. Actuary Vs. Mathematician: Which Degree Is More Valuable In The Job Market?
24. How Can I Develop My Analytical Thinking Skills for a Career in Actuarial Science? (10 Important Questions Answered)
25. Actuary: Consulting Vs Corporate Roles (Compared)
26. Actuary: Reserving Vs Pricing Roles (Clarified)
27. 5 Tips For Networking As An Aspiring Actuary
28. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
29. What Skills Are Needed for an Actuarial Internship? (10 Important Questions Answered)
30. Actuarial Science Vs. Finance: Career Prospects (Unpacked)
31. Actuary Vs. Management Consultant: Which Career Is More Prestigious?
32. Actuary Vs. Accountant: Which Career Path Should You Choose?
33. Actuary: Auto Insurance Vs Health Insurance (Explained)
34. Actuarial Science Vs Mathematics: Degree Value (Defined)
35. How Do I Obtain Professional Designations as an Actuary? (10 Important Questions Answered)
36. How Do I Obtain Actuarial Qualifications? (8 Most Common Questions Answered)
37. The Pros And Cons Of Pursuing An Actuarial Career
38. The Top Actuarial Certifications You Need To Boost Your Career
39. 5 Surprising Benefits Of Being An Actuary
40. What Are the Requirements for Becoming a Certified Actuary? (9 Simple Questions Answered)
41. What Are The Best Career Paths For Actuaries? (10 Important Questions Answered)
42. Risk Management Vs. Actuarial: Career Paths (Defined)
43. Actuary Vs. Investment Banker: Which One Offers A Better Work-Life Balance?
44. What Strategies Should I Use to Memorize Exam Content? (8 Most Common Questions Answered)
45. What Resources Are Available to Help Me Improve My Mathematical Skills for Becoming an Actuary? (10 Important Questions Answered)
46. How Can Actuaries Utilize Investment Principles to Maximize Earnings? (9 Simple Questions Answered)
47. How To Transition From Accounting To Actuary
48. Actuary: Risk Assessment Vs. Risk Management (Clarified)
49. Actuary Vs. Account Manager: Which Career Is More Rewarding?
50. Actuary Vs. Auditor: Which Career Offers More Growth Opportunities?
51. Actuary Vs. Business Analyst: Which Career Is More Lucrative?
52. How Much Do Actuaries Make? (9 Simple Questions Answered)
53. What Are the Most Important Economic Trends for an Actuary to Consider? (10 Important Questions Answered)
54. Actuary Vs. Data Analyst: Which Career Offers Better Job Satisfaction?
55. Actuary Vs. Underwriter: Which Career Offers Better Job Security?
56. Actuary Vs. Statistician: Which Career Offers Better Job Stability?
57. Actuary Vs. Economist: Which Career Offers Better Compensation?
58. Actuary Vs. Project Manager: Which Career Offers Better Job Security?
59. Actuary: Full-Time Vs Contract Work (Explained)
60. How Flexible Is Scheduling for Senior-Level Actuaries? (9 Simple Questions Answered)

Succession planning

Process of identifying and developing future leaders and managers within an organization.

1. Actuary: Private Sector Vs Government Jobs (Clarified)

Suicide Clause

Provision in life insurance policies that excludes coverage for suicide within a certain period after policy issuance.

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

Supervised and unsupervised learning

Types of machine learning algorithms that use labeled or unlabeled data, respectively.

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

Supplemental Security Income (SSI)

Federal program providing financial assistance to low-income individuals with disabilities or elderly individuals.

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

Support vector machines (SVMs)

Machine learning algorithm used for classification and regression analysis.

1. Actuary: Predictive Modeling Vs Traditional (Unpacked)

Surplus share treaty

Reinsurance agreement in which the reinsurer assumes a portion of the primary insurer’s risk and premiums.

1. Actuary: Reinsurance Vs Direct Insurance (Explained)

Surrender charges

Fees charged to policyholders who cancel or surrender their insurance policies before maturity.

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

Surrender value

Amount paid to policyholders who cancel or surrender their insurance policies before maturity.

1. Actuarial: Annuities Vs. Life Insurance Roles (Decoded)
2. How Can Financial Mathematics Assist Actuaries? (8 Most Common Questions Answered)

Survival analysis

Statistical method for analyzing time-to-event data, such as mortality rates or failure rates.

1. Actuarial Science Vs Mathematics: Degree Value (Defined)
2. Actuary Vs Statistician: Job Differences (Clarified)
3. Actuarial Analyst Vs. Actuary: Career Progression (Unpacked)
4. Actuarial Science Vs Statistics: Degree Choices (Defined)
5. How Does an Actuary Calculate an Actuarial Valuation? (10 Important Questions Answered)
6. Actuary: Predictive Modeling Vs Traditional (Unpacked)
7. Actuary Vs. Management Consultant: Which Career Is More Prestigious?
8. How Does an Actuary Utilize Data Mining to Identify Potential Losses? (10 Important Questions Answered)

Survivorship bias

Error in analysis caused by focusing only on successful outcomes and ignoring failures.

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