Actuarial (Adjective)
Meaning
Of or relating to the work of an actuary.
Classification
Relational adjectives (pertainyms).
Examples
- The insurance company's actuarial department was responsible for calculating the risks and premiums for new policies.
- The actuarial tables used by the pension fund were outdated and needed to be revised to reflect current mortality rates.
- She had a strong background in mathematics and statistics, but wasn't sure if she wanted to pursue a career in actuarial science.
- The company's actuarial consultant helped them develop a comprehensive risk management plan that minimized potential losses.
- The actuaries used complex actuarial models to predict the likelihood and financial impact of various scenarios.