Adjective "actuarial" definition and examples

(Actuarial may not be an adjective, but it can be used as an adjective, click here to find out.)

Pronunciation

/aktʃʊˈɛːrɪəl/

Definitions and examples

adjective

Relating to actuaries or their work of compiling and analysing statistics to calculate insurance risks and premiums.
  1. 'faulty actuarial assumptions'
  2. 'In determining the actuarial surplus in a pension fund, actuaries make key assumptions.'
  3. 'In 1983, actuaries put the long-range actuarial deficit at -2.09 percent of taxable payroll.'
  4. 'Too conservative or too aggressive actuarial assumptions can produce unreliable results.'
  5. 'It is a mistake to suppose that the actuarial figure for life expectancy will be the actual length of life for any particular individual.'
  6. 'Social Security reform has been a tough slog for the business lobby, normally more at home discussing golf outings than actuarial tables.'

More definitions

1. Insurance. a person who computes premium rates, dividends, risks, etc., according to probabilities based on statistical records.

2. (formerly) a registrar or clerk.

More examples(as adjective)

"professions can be actuarial."

"valuations can be actuarial."

"services can be actuarial."

"analyses can be actuarial."

"calculations can be actuarial."

More examples++

Origin

(actuary)