Meaning & use
Actuarially
Last updated
In a manner based on actuarial methods, using statistics to calculate risk, especially for insurance and pensions.
See it in a sentence
The pension fund's contributions are set actuarially to match projected future payouts.
Premiums are calculated actuarially, taking into account age, health, and lifestyle factors.
A note on using this word
Relates to the work of an actuary, a professional who applies mathematics and statistics to assess financial risk, especially in insurance and pensions.
Words with a similar meaning
statisticallyby risk calculation
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