Definition

In a way that relates to the calculations and assessments made by actuaries, who analyze financial risks using mathematics and statistics.

Example

The insurance company calculated the risks actuarially to ensure accurate premium pricing.

Conversation

Did you know that insurance companies calculate risks actuarially?

Really? I had no idea it was so scientific.

Yeah, they use complex formulas to predict outcomes actuarially.

That makes sense! It's interesting how math plays such a big role in that.

Synonyms & Antonyms

Root Explanation

Actuarially → It is formed from "actuarius" (from Latin, meaning pertaining to an actuary) and the suffix "-ally" (meaning in a manner of). The word "actuarially" refers to something done in the manner of an actuary, typically involving statistical calculations related to insurance and finance.

Memory Tip

Think of an actuary, who deals with statistics and risk, and remember that "actuarially" means doing something in the manner of an actuary.

Visually Confused Words