adverb
- in a manner relating to actuarial science or the statistical calculation of insurance risks and premiums
Usage: technical; insurance and finance
Examples
- The insurance premiums were calculated actuarially based on age and health factors.
- Actuarially speaking, younger drivers pose a higher risk.
- The pension fund was actuarially sound according to the latest assessment.
- Life expectancy tables are used actuarially to determine policy rates.
- The company’s reserves were actuarially determined to meet future claims.
- Actuarially adjusted benefits reflect changes in mortality rates.