Definition
actuarial
adjective
- 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.