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Definitions from WordNet

Definitions from the Web

Actuarial

Description:

Actuarial is an adjective that relates to the statistical calculation of risks, probabilities, and financial outcomes in the insurance and pension industries. It refers to the profession or the study of evaluating and managing potential risks through mathematical models.

Sample Sentences:

Sense 1:

He pursued an actuarial career because he excelled in mathematics and had a strong interest in analyzing data to assess financial risks.

Sense 2:

The actuarial tables provide a significant tool for insurance companies to determine appropriate premiums based on statistical probability.

Sense 3:

The actuarial department at the insurance firm is responsible for assessing the potential risks associated with upcoming projects.

Related Products:

• Actuarial Science Books
• Actuarial Calculators
• Actuarial Software