Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “actuarial”

actuarial

adjective
 
 
/ˌæktʃuˈeəriəl/
relating to calculations of risk for insurance companies and pension funds, especially calculations of the age to which people are expected to live. The companies and funds use the results to make certain that they always have enough money to make payments to the people who have a right to them: Companies currently use actuarial assumptions to determine whether their pension fund shows a surplus or a deficit. an actuarial calculation/assessment/evaluation
relating to the job of being an actuary: The debate is dividing the actuarial profession. an actuarial adviser/consultant an actuarial firm/consultancy actuarial work/advice/skills
(Definition of actuarial from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of actuarial?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “actuarial”

Definitions of “actuarial” in other dictionaries

Word of the Day

exercise

physical activity that you do to make your body strong and healthy

Word of the Day

Byronic, Orwellian and Darwinian: adjectives from names.

by Liz Walter,
April 15, 2015
Becoming an adjective is a strange kind of memorial, but it is often a sign of a person having had real influence on the world. Science is full of examples, from Hippocrates, the Greek medic born around 460 BC, who gave his name to the Hippocratic Oath still used by doctors today,

Read More 

bio-inspiration noun

April 13, 2015
the adoption of patterns and structures found in nature for the purposes of engineering, manufacturing, science, etc. The MIT researchers actually aren’t the only robotics team to turn to cheetahs for bio-inspiration.

Read More