Meaning of “actuarial” in the English Dictionary

business-english dictionary

"actuarial" in British English

See all translations


uk /ˌæk.tʃuˈeə.ri.əl/ us /ˌæk.tʃuˈer.i.əl/

(Definition of “actuarial” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"actuarial" in Business English

See all translations


uk /ˌæktʃuˈeəriəl/ us

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.

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)