actuarial

[US]/ˌæktjʊ'eərɪəl/
[UK]/ˌæktʃʊ'ɛrɪəl/
Frequency: Very High

Translation

adj. related to an actuary, pertaining to actuarial science.

Phrases & Collocations

actuarial science

actuarial tables

Example Sentences

a fussy actuarial problem.

Furthermore, in order to supplement the application of new actuarial methods, it is necessary to introduce Viatical Settlement.

actuarial science is a discipline that assesses risk using mathematics and statistics

actuarial tables are used by insurance companies to calculate premiums

an actuarial report helps predict future insurance claims

actuarial calculations are essential for setting insurance rates

actuarial exams are required to become a certified actuary

actuarial models are used to analyze financial risks

actuarial science involves analyzing data to make informed financial decisions

actuarial work often involves predicting future events based on historical data

actuarial expertise is crucial in the insurance industry

actuarial risk assessments help businesses make strategic decisions

Real-world Examples

Actuarial gain on defined benefit pensions: $3.1 million.

Source: The First Season of The Good Fight

Monthly payments from the buyer should add up to something nearer the full value of the property-assuming the seller dies at the time suggested by actuarial tables.

Source: The Economist (Summary)

The actuarial profit or mathematical expectation of gain calculated in accordance with the existing probabilities-if it can be so calculated, which is doubtful-must be sufficient to compensate for the risk of disappointment.

Source: Employment, Interest, and General Theory of Money (Volume 1)

He invented the weather map and actuarial table, proposed methods for working out the age of the Earth and its distance from the Sun, even devised a practical method for keeping fish fresh out of season.

Source: A Brief History of Everything

Nor can we rationalise our behaviour by arguing that to a man in a state of ignorance errors in either direction are equally probable, so that there remains a mean actuarial expectation based on equi-probabilities.

Source: Employment, Interest, and General Theory of Money (Volume 1)

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