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actuarial

actuarial

12 8.1
Relating to the work of people who use math to measure risk in insurance and finance
  • adjective
  • /ˌæktʃuˈɛriəl/
  • Specialized
translation icon : actuarial
  • Using the latest actuarial methods, they calculated the likelihood of claims for the upcoming year.
  • actuarial science
  • actuarial factors
  • actuarial orientation

They were statisticians looking at actuarial approaches to this, right?

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Examples

  • Actuarial sciences are experiencing tremendous growth as well.

  • Opponents agree that insurance rates should be based on actuarial data rather than modeled projected losses.

    Blog text (3)
  • And I also, by by way of doing that, just explain what actuarial science is.

  • - What actually is actuarial science?

  • Two primary factors cause this actuarial problem for Social Security.

    Academic text (2002)
  • To the extent that we can sort of provide an actuarial table.

  • the United States stands alone from all other developed and developing countries by using a very conservative actuarial standard.

  • Only one research study did not fall easily into the actuarial or clinical categories.

    Academic text (2011)
  • The reality is that the split was promoted by the rise of actuarial research that often isolated research from practice.

    Academic text (2011)
  • The rate filing must be accompanied by an actuarial certification of the rate's reasonableness or unreasonableness.

    Academic text (2017)

Compounds

actuarial table
  • Specialized
2 8.2

A table showing the chance people of different ages will die or get ill, used by insurers and pension funds

Surface Forms

actuarial positive

Morphology

actuarial = actuary (transparent) = actuary + ial

The adjective is directly formed from the noun 'actuary' with an adjectival suffix, so its meaning 'relating to actuaries or their calculations' is predictable to learners.

Etymology

The word actuarial comes from the job name actuary, which itself comes from the Latin acta, meaning 'things done' or 'records'. An actuary was someone who kept records and numbers, so actuarial work is about using past records and careful calculation to measure risk for insurance and finance.