actuarial
adj.
of or pertaining to an actuary or the work of an actuary (one who computes insurance information)
Actuarial science
Actuarial science applies
mathematical and
statistical methods to
finance and
insurance, particularly to
risk assessment.
Actuaries are professionals who are qualified in this field through examinations and experience. Actuarial science includes a number of interrelating disciplines, including
probability and
statistics,
finance, and
economics. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes during the last 30 years due to the proliferation of high speed computers and the synergy of
stochastic actuarial models with modern financial theory .
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actuarial
Adjective
1. of or relating to the work of an actuary
(pertainym) statistician, actuary
actuarial
adj.
actuarial, of or pertaining to an actuary or the work of an actuary (one who computes insurance information)
Actuarial
(a.)
Of or pertaining to actuaries; as, the actuarial value of an annuity.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
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