Actuarially

Pronunciation: /ˌæk.tʊˈɛr.i.əl.i/

Definitions of actuarially

adverb relating to actuarial calculations or the work of an actuary

Example Sentences

A1 The insurance company used actuarially sound methods to calculate premiums.

A2 Actuarially speaking, the policyholder is considered a high-risk driver.

B1 The actuarially determined life expectancy of the population has increased over the years.

B2 The actuarially fair price for this policy is based on statistical data and risk assessment.

C1 Actuarially, the company is well-prepared for potential financial risks in the market.

C2 The actuarially calculated pension fund ensures long-term sustainability for retirees.

Examples of actuarially in a Sentence

formal The insurance company used actuarially sound methods to determine premium rates.

informal The insurance company figured out the rates using actuarially stuff.

slang The insurance company crunch the numbers actuarially to set the prices.

figurative She approached the problem actuarially, carefully calculating each step before taking action.

Grammatical Forms of actuarially

• past tense: actuariallyd
• plural: actuariallys
• comparative: more actuarially
• superlative: most actuarially
• present tense: actuarially
• future tense: will actuarially
• perfect tense: have actuarially
• continuous tense: is actuarially
• singular: actuarially
• positive degree: actuarially
• infinitive: to actuarially
• gerund: actuariallying
• participle: actuariallyed

Origin and Evolution of actuarially

First Known Use: 1850 year

Language of Origin: English

Story behind the word: The word 'actuarially' originates from the field of actuarial science, which deals with assessing and managing risk in the insurance and finance industries.

Evolution of the word: Originally used in the context of insurance calculations and risk assessment, 'actuarially' has evolved to also be used in a broader sense to describe any statistical analysis or prediction based on data and probabilities.