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

As for “biggest scam in history,” I’d like to introduce you to Social Security’s actuarial tables, but that’s a different column.

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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.

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Regulations require Medicaid payment rates to be actuarially sound, meaning states can’t simply pay insurers whatever they want.

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

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“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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