actuarial

Rarely ac·tu·ar·i·an

[ak-choo-air-ee-uhl]

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%.

Other Word Forms

• actuarially adverb

Word History and Origins

Origin of actuarial¹

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

Example Sentences

“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.

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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.

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Her measure also would require the California insurance commissioners to have at least five years of insurance experience, either with a regulator, insurer or in other roles, such as actuarial science.

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They earnestly believe that the actuarial tables will act as a force multiplier for their side.

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Algorithmic predictions, like actuarial tables, are useful in the aggregate: They can tell us, for instance, approximately how many people will die in our community over a given time period.

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