actuarial
ac
ˌæk
āk
tua
ʧuɛ
chooe
rial
ˈriəl
riēl
British pronunciation
/ˌækt‍ʃuːˈe‍əɹɪəl/

Definition & Meaning of "actuarial"in English

actuarial
01

relating to the statistical assessment of risk, especially in insurance, finance, or pension planning, based on mathematical models and probability

example
Examples
The company hired actuarial experts to evaluate its long-term liabilities.
Actuarial tables help insurers predict life expectancy and set premiums.
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