Actuarial (adjective)

Relating to the work of an actuary, especially the calculation of insurance and pension risks and premiums.

Origin:

From the noun "actuary", which is a person who uses statistical methods to calculate the likelihood of events such as deaths, illnesses, and accidents, and to assess the financial costs of such events.

Examples:

1. The company hired an actuarial consultant to help them price their insurance products.
2. Actuarial science is a discipline that applies mathematical and statistical methods to assess risk in insurance, finance, and other industries.
3. An actuarial career is a good choice for those who are interested in mathematics, statistics and finance.
4. Actuarial tables are statistical tables used to calculate insurance and pension risks.
5. Actuarial exams are a series of professional examinations that aspiring actuaries must pass in order to become credentialed.