actuarial
Học thuậtThân thiện
Definition
- Adjective:
- Relating to the work of an actuary: Pertaining to the calculations, statistics, and financial assessments performed by an actuary, especially in the fields of insurance and finance.
- Involving the calculation of risk and probability: Concerning the mathematical and statistical methods used to evaluate the likelihood of future events and their financial implications.
Usage Examples
- Adjective:
- The company conducted an actuarial analysis to set the new premium rates.
- Her report included detailed actuarial tables predicting life expectancy.
- Making sound pension decisions requires strong actuarial skills.
Advanced Usage
- "actuarial science": The discipline that applies mathematical and statistical methods to assess risk in insurance, finance, and other industries.
- He decided to pursue a degree in actuarial science.
- "actuarial assumptions": The estimates about future events (like mortality rates or investment returns) that actuaries use in their financial models.
- The pension fund's stability depends on the accuracy of its actuarial assumptions.
Variants and Related Words
- Actuary (n): A professional who performs actuarial work, analyzing financial risks using mathematics, statistics, and financial theory.
- The actuary presented the findings of the risk assessment.
- Actuarially (adv): In a manner relating to actuarial work.
- The premiums were calculated actuarially sound.
Synonyms
- Statistical: Relating to the use of statistics.
- Probabilistic: Involving the calculation of probabilities.
Related Phrases
- Actuarial valuation: A formal assessment of a pension plan's or insurance scheme's assets and liabilities.
- The actuarial valuation is conducted every three years.
- Actuarial deficit/surplus: The difference between the present value of a fund's obligations and its assets, as determined by an actuary.
- The report revealed a significant actuarial surplus.
Adjective
- of or relating to the work of an actuary