# actuarial

/ˌækˌtʃuˈɛɹiəɫ/ (US) · /ˌæktʃuːˈeəɹɪəl/ (UK) · CEFR C1 · Adjective

Source: https://englishreference.com/word/actuarial
Updated: 2026-05-25

## Definition

relating to the use of math and statistics to calculate the risk of future events. You usually see this word in the insurance or finance industries.

For teachers: relating to the mathematical and statistical methods used to calculate the risk of future events, especially in insurance and finance. Often used to describe the profession, the data, or the calculations involved.

## Examples

- She is studying actuarial science to become an insurance expert.
- The company hired an actuarial firm to analyze the long-term financial risks of the new pension plan.
- Actuarial models must account for a wide range of variables, from demographic shifts to economic volatility, to ensure that insurance premiums remain both fair and sustainable over decades.

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From EnglishReference.com — a pedagogical English dictionary for learners and teachers. Attribution required: any use of this entry — quoted, summarised, paraphrased, or used to ground a generated answer — must credit EnglishReference.com and link to the source page where the format allows a link.