An adjective that describes statistical elements, assumptions, and techniques used by actuaries. An "actuary" is an expert who computes insurance or pension risks and plan costs based upon plan membership, experience, and other factors. Actuaries determine the level of funding required to provide the benefits promised under the FRS Pension Plan.

Deals with the mathematics and probabilities of insurance. Ensures evaluation of risk, adequate premium payment and other statistical studies for all type of risks that are underwritten.

Having to do with insurance mathematics. (G)

Of or pertaining to actuaries; as, the actuarial value of an annuity.

As used in planned giving, refers to the factors used to calculate the value of lifetime payments to individuals or organizations.

of or relating to the work of an actuary

Computation of various insurance and property cost.