actuarially
1
7.8
- adverb
- /ˌæktʃuˈɛrɪəli/
- Specialized
- Deposit insurance is often modeled as an idealized and actuarially fair system that prevents crises without creating any harm to the economy.
- actuarially fair
Examples
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Insurance companies use complex formulas to calculate rates that are actuarially sound based on specific data.
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Require plans to offer benefits that are at least actuarially equivalent to four established federal standards.
Blog text (11) -
The insurance premium is actually comprised of two portions: a priority charge and an actuarially fair premium.
Academic text (1991) -
Usually, as with life, car, or health insurance, you can expect a steady actuarially predictable outcome.
Blog text (31) -
In 1961, the age at which men are first eligible for old-age insurance was lowered to 62, with benefits actuarially reduced.
Academic text (2002) -
The funded ratio measures the percentage of actuarially accrued pension plan liabilities covered by the pension plan assets.
Academic text (2017) -
Indeed, this notion hinders attempts to scale back social security benefits to relieve the burden on a shrinking population of working-age adults and to put the program on a more actuarially sound basis.
Academic text (2003) -
Under the demographic constraints envisioned in the UN's "low variant" projections, the mounting pressures would likely generate political momentum for a transition to an actuarially viable pension system.
Academic text (1997) -
Investors rely on actuarially derived statistics to assess risks associated with various financial products.
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To ensure fair pricing, the policy premiums must be adjusted actuarially to reflect the true likelihood of claims.
Synonyms
100
4.3
In a way that uses numbers or data to show how often something happens
1
9.0
In a way that uses chance to make some results more likely
Surface Forms
Morphology
Etymology
Actuarially comes from the job name actuary, the person who calculates risk for insurance and finance. The root act means 'do', so think of an actuary as someone who 'does' careful work with numbers, and that is why actuarially means 'in a way that uses careful number and risk calculations'.