Actuarial

Pronunciation: /ækˈtʊəriəl/

Definitions of actuarial

adjective relating to actuaries or the work of actuaries, typically involving statistical analysis and risk assessment

Example Sentences

A1 The actuarial report predicted the company's future financial performance.

A2 The actuarial analysis showed that the insurance policy was a good investment.

B1 The actuarial calculations were used to determine the pension fund's sustainability.

B2 Her actuarial expertise helped the company make informed decisions about risk management.

C1 The actuarial department is responsible for assessing and managing financial risks.

C2 The actuarial models used by the insurance company are highly sophisticated and accurate.

Examples of actuarial in a Sentence

formal The actuarial department is responsible for calculating insurance premiums based on risk assessment.

informal The actuarial team crunches numbers to figure out how much we should pay for insurance.

slang The actuarial guys are the ones who do all the math to set insurance prices.

figurative In life, we all have to do our own actuarial calculations to determine our risks and rewards.

Grammatical Forms of actuarial

• past tense: actuarialized
• plural: actuarials
• comparative: more actuarial
• superlative: most actuarial
• present tense: actuarializes
• future tense: will actuarialize
• perfect tense: has actuarialized
• continuous tense: is actuarializing
• singular: actuarial
• positive degree: actuarial
• infinitive: to actuarialize
• gerund: actuarializing
• participle: actuarialized

Origin and Evolution of actuarial

First Known Use: 1762 year

Language of Origin: Latin

Story behind the word: The word 'actuarial' originates from the Latin word 'actuarius', which means 'pertaining to calculation'.

Evolution of the word: Originally used in the context of insurance and risk assessment, the term 'actuarial' has evolved to encompass a broader range of fields involving statistical analysis and financial forecasting.