actuarial

American  

[ak-choo-air-ee-uhl] / ˌæk tʃuˈɛər i əl /

Rarely actuarian

adjective

1. Insurance. relating to or being the science of computing premium rates, risks, dividends, etc., according to probabilities based on statistics.

   Over this period, the fund earned a return of 14.37%, exceeding the actuarial assumed return of 7.70%.

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Other Word Forms

• actuarially adverb

Etymology

Origin of actuarial

First recorded in 1850–55; actuar(y) ( def. ) + -ial ( def. )

Example Sentences

Stones founder Brian Jones died young in his swimming pool, but several of the band’s other iconic members, from Ronnie Wood, 78, to Bill Wyman, 89, have won the battle with the actuarial tables.

From The Wall Street Journal

Indeed, cutting eligibility for disability could result in more disabled workers claiming retirement benefits early, actuarial experts note, which would only increase pressure on the retirement system.

From Salon

A spokeswoman for the insurance giant said the governor’s criticism “misrepresents the rigorous actuarial analysis that supports our filings.”

From The Wall Street Journal

“The dramatic increase in offshore transactions needs tougher oversight by regulators, to ensure the risk to policyholders is kept as low as possible,” said Jeremy Levitt, chief executive of actuarial firm Graeme Group.

From The Wall Street Journal

But, at least on an actuarial level, the odds are not in his favor; it’s unclear if he will be viable beyond his current term.

From Salon