American Academy of Actuaries

Definition - What does American Academy of Actuaries mean?

The American Academy of Actuaries is a professional organization for actuaries in America that was founded in 1965. The primary goals of this organization are to provide important actuarial information which can help impact public policy, to increase public awareness and understanding of the actuarial profession, to work with other actuarial associations on important issues, and a number of others.

Insuranceopedia explains American Academy of Actuaries

Actuaries are essential in the insurance industry. They complete complex mathematical equations to help insurance companies arrive at conclusions which dramatically impact business decisions. Without the services of actuaries, it would be very difficult for insurance companies to be able to accurately price premiums, and make other important financial decisions. The American Academy of Actuaries helps to promote the actuarial profession and keep the public informed about key areas of this important profession. It is a very helpful organization for both the public, and for actuaries.

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