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actuarial (adj) connected with calculation of insurance payments and risks.

Actuarial tables show the average life expectancy of a community, and at what rates the plans can be profitable for the insurance company. An actuary is one who makes these calculations and has a good understanding of them.

  • According to the recent actuarial studies, deaths due to road accidents, plane crashes, are on the increase, while those due to heart disorders have come down.
  • He is very good at statistics and has a good brain for figures, and is cut out for an actuarial career.
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Last Modified : 11-May 2009
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