My name is Clemence and I have been studying natural sciences for three years. I created this glossary for people who are interested by actuarial sciences and want to know what an actuary is dealing with. It contains 20 words, that have been defined by Google, and translated by Google Traduction. I found those words when I was reading about what actuaries do thought these were the ones that defined well the domain. Read those carefuly to learn how to use the right terms when talking about this subject.
annuity
noun
An annuity is a financial contract between you and an insurance company that turns a lump sum or a series of payments into a guaranteed, regular income stream.
Example: She invested her savings in an annuity that provides regular payments.
en: rente
data
noun
Data is a collection of raw, unorganized facts, numbers, or symbols that have not yet been processed or given context.
Example: The researchers collected data from more than 1,000 participants.
en: données
economics
noun
Economics is a social science that studies how people, businesses, and governments choose to use limited resources to satisfy unlimited wants and needs.
Example: She is taking an economics course at university.
en: économie
finance
noun
Finance is the management, creation, and study of money, investments, and other financial resources.
Example: He decided to study finance because he is interested in managing money.
en: finance
forecasting
noun or verb
Forecasting is the process of making informed predictions about future events or trends by analyzing past and present data.
Example: Weather forecasting helps people prepare for storms.
en: prévision
hazard
noun
A hazard is anything that has the potential to cause harm, injury, property damage, or negative health effects.
Example: Slippery roads are a common hazard for drivers during winter.
en: danger
insurance
noun
Insurance is a legal contract where you pay a regular fee to a company, and the company promises to pay for your financial losses from specific unexpected events.
Example: I bought insurance to protect my car from accidents.
en: assurance
investment
noun
An investment is the commitment of money, time, or resources into an asset or project with the expectation of generating income, profit, or added value in the future.
Example: Buying a house can be a significant investment.
en: investissement
liability
noun
Liability means being legally or financially responsible for something, such as a debt, an obligation, or harm caused to another person.
Example: The company accepted liability for the damage caused by its product.
en: responsabilité
longevity
noun
Longevity means living for a long time or the length of a person's life.
Example: Regular exercise can contribute to greater longevity.
en: longévité
mathematics
noun
Mathematics is the science of numbers, quantities, shapes, and the relations between them, using logical reasoning and special symbols.
Example: I have always enjoyed studying mathematics.
en: mathématiques
modeling
noun or verb
Modeling is the act of creating a physical, mathematical, or conceptual representation of an object, system, or process to understand, simulate, or display it.
Example: Computer modeling can help scientists predict how a system will behave.
en: modélisation
mortality
noun
Mortality means the state of being subject to death, or the number of deaths that happen in a specific group or time.
Example: The study examined mortality rates among different age groups.
en: mortalité
pension
noun
A pension is a regular income paid by a government, former employer, or financial plan to support a person after they retire from work.
Example: My grandfather receives a pension every month after retiring.
en: pension
premium
noun
Premium generally means an amount higher than usual, a payment for insurance, or a designation of high quality.
Example: I have to pay a monthly premium for my health insurance.
en: prime
probability
noun
Probability is the measure of how likely a specific event is to happen.
Example: There is a high probability that it will rain tomorrow.
en: probabilité
risk
noun
Risk means the possibility that something bad, harmful, or unwanted—such as injury, loss, or failure—will happen.
Example: Driving at night can increase the risk of having an accident.
en: risque
solvency
noun
Financially solvent means a person or business has enough total assets to pay all of their long-term and short-term debts and financial obligations.
Example: The company must maintain its solvency to continue operating.
en: solvabilité
statistics
noun
Statistics is a branch of applied mathematics that deals with collecting, analyzing, interpreting, and presenting data. It also refers to the numerical facts and measurements themselves, such as averages or percentages.
Example: The statistics show that more people are exercising regularly.
en: statistiques
uncertainty
noun
Uncertainty is the state of not being sure about something or lacking reliable knowledge about future outcomes.
Example: There is some uncertainty about what will happen next year.
