1. relating to the calculation of insurance risks and premiums using statistics
Usage: insurance and finance

Examples

• The actuarial tables showed increased life expectancy rates.
• She works for an actuarial consulting firm that advises insurance companies.
• Actuarial science combines mathematics, statistics, and financial theory.
• The pension fund relied on actuarial calculations to determine contribution rates.
• His actuarial analysis predicted higher claims costs next year.
• The company hired an actuarial expert to assess flood insurance risks.