adjective
relating to actuaries or the work of actuaries, typically involving statistical analysis and risk assessment
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The actuarial department is responsible for calculating insurance premiums based on risk assessment.
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The actuarial team crunches numbers to figure out how much we should pay for insurance.
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The actuarial guys are the ones who do all the math to set insurance prices.
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In life, we all have to do our own actuarial calculations to determine our risks and rewards.