Meaning of actuarial science | Babel Free
Definitions
The discipline within applied mathematics dealing with risk assessment and the modelling of uncertainty; the rigorous application of mathematical and statistical methods to assess risk, in industries including insurance and finance.
Equivalents
Examples
“In actuarial science alone the theory^([of generalized linear models]) has been used to model⟳ problems dealing with premium rating, mortality, multiple state models and claims reserving.”
“The use⟳ of Bayesian concepts and techniques in actuarial science dates back to Whitney (1918) who laid the foundations for what is now called empirical Bayes credibility.”
“This book aims to provide⟳ a broad introduction to computational aspects of actuarial science in the R environment. We assume⟳ that the reader is either learning or is familiar with actuarial science.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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