What does Actuarial mean? Read on to discover the definition & meaning of the term Actuarial - to help you better understand the language used in insurance policies.
Actuarial refers to anything relating to actuaries or data, statistics, and figures calculated for the purposes of assessing risk and determining premium rates. It may be used to qualify tables, reports, exams, charts, adjustments, and so on.
We hope the you have a better understanding of the meaning of Actuarial.