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actuarial1853, from actuary + -al (1). Related: Actuarially.
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actuarialadjective. statistical, as compared to clinical. The employment of information regarding previous examples, so to calculate approximately the chance or risk of a particular result, is occasionally rep [..]
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actuarial1 : of or relating to actuaries 2 : relating to statistical calculation esp. of life expectancy ac·tu·ar·i·al·ly adv
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actuarial(adj) of or relating to the work of an actuary
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actuarialStatistical calculations insurance companies use to decide insurance rates and premiums based on usage projections and costs for a defined risk in a specific insurance market.
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