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CEFR C1 — Advanced

Actuarial

Definition

(formal) Relating to the work of an actuary, who calculates insurance risks and premiums based on statistical data, especially in the fields of life, health, and property insurance.

Example Sentences

1The actuarial tables indicated that the new policy would be more expensive for smokers than for non-smokers.
2Can you explain the actuarial science behind the calculation of life insurance premiums?
3The company hired an actuarial consultant to review their risk management strategy and recommend improvements.
4Actuarial analysis is crucial in determining the financial sustainability of pension funds and retirement plans.
5The actuarial profession is highly respected for its rigorous mathematical and statistical approach to assessing risk and uncertainty.

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