actuarial
FinanceLv.4 (900)adjective
Definition
relating to the use of statistics to calculate risks and insurance costs
Examples
Premiums are set on the basis of detailed actuarial models.
Actuarial analysis revealed that the company's pension burden was understated.
Collocations
actuarial analysisactuarial tablesan actuarial estimate
Paraphrase
relating to insurance risk calculationrisk-statistical