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

A man doing the same thing would collect a bit more per year, because the actuarial tables say he isn’t likely to live as long.

From MarketWatch

The problem is that actuarially fair annuities don’t really exist in the retail market.

From MarketWatch

“It is an actuarially sound approach to rate risk and is one of many factors insurers use to price a policy.”

From MarketWatch

The two are legally separate entities — but for illustrative purposes, a combined trust fund is figured to provide the actuarial status of the Social Security program as a whole.

From MarketWatch

Last Wednesday, the FHA released its annual actuarial report showing that the ratio stood at 11.47%.

From Barron's