Business Definition for: actuarial
actuarial
relating to analyses involving compound interest and/or statistics. It is usually associated with computations involved in insurance probability estimates.
See also
actuary
actuarial
Related Terms:
practitioner involved in mathematical computations and analyses of insurance probability estimates.
branch of knowledge dealing with the mathematics of insurance, including probabilities. It is used in ensuring that risks are carefully evaluated, that adequate premiums are charged for risks underwritten, and that adequate provision is made for future payments of benefits.
practitioner involved in mathematical computations and analyses of insurance probability estimates.
Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.
Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.