actuarially
/ˌæktʃuˈɛriəli/
adverb
- In a way that relates to the statistical calculations used by insurance companies, especially for risk and premiums.
- The policy is priced actuarially, meaning the cost is based on the statistical likelihood of a claim.
- The company determined that the pension fund was actuarially sound and could pay all future benefits.
- Actuarially, women tend to live longer than men, so their life insurance premiums are often lower.
Synonyms