0 a person who calculates how likely accidents, such as fire, flood, or loss of property, are to happen, and tells insurance companies how much they should charge their customers --
1 a person whose job is to calculate risk for insurance companies and pension funds, especially the age to which people are expected to live. The companies and funds use the results to make certain that they always have enough money to make payments to the people who have a right to them: --
Most commercial actuaries, for all their newfound criticism of private knowledge, continued to restrict their data pool to the select lives of insurance companies.
With such a burst of new accounts came more work for the actuary and still more occupational status for the profession.
These claims all indicated a persistent suspicion of objectivity as a professional value fit for actuaries.
The marriage of convenience between scientific reformers and actuaries was possible only under certain commercial circumstances.
Just as important, those former allies were also starting to forget why they had ever been so interested in what the actuaries were up to.
The value of objectivity, at least in its modern form, conflicted with the actuaries' important professional claim to possess uniquely marketable skills.
The fact is that the actuaries are not keen to share their models.
For actuaries, these fortunate social circumstances applied only in the period roughly stretching between 1820 and 1845.
