- actuary ac‧tu‧a‧ry [ˈæktʆuəri ǁ -tʆueri] noun actuaries PLURALFORM [countable]INSURANCE JOBS someone whose job is to calculate risks, in order to advise insurance companies or pension fund S:
• Such information needs to be made available to actuaries, insurers, and those advising employers.— actuarial adjective [only before a noun] :
• He has calculated that, based on actuarial tables (= lists of figures used to calculate risks ) , he can count on living about 9,000 more days.
* * *actuarial UK US /ˌæktʃuˈeəriəl/ adjective► relating to calculations of risk for insurance companies and pension funds, especially calculations of the age to which people are expected to live. The companies and funds use the results to make certain that they always have enough money to make payments to the people who have a right to them: »
Companies currently use actuarial assumptions to determine whether their pension fund shows a surplus or a deficit.»
an actuarial calculation/assessment/evaluation► relating to the job of being an actuary: »
The debate is dividing the actuarial profession.»
an actuarial adviser/consultant»
an actuarial firm/consultancy»
Financial and business terms. 2012.