Meanings
- uncountableapplied mathematicsbusinessThe 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.
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.
2014, Luis Nieto-Barajas, Enrique de Alba, “14: Bayesian Regression Models”, in Edward W. Frees, Richard A. Derrig, Glenn Meyers, editors, Predictive Modeling Applications in Actuarial Science: Volume 1, Cambridge University Press, page 3342 more 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.
2007, Philip J. Boland, Statistical and Probabilistic Methods in Actuarial Science, Taylor & Francis (CRC Press: Chapman & Hall), page 221This 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.
2015, Arthur Charpentier, Computational Actuarial Science with R, Taylor & Francis (CRC Press: Chapman & Hall), page xviiSynonyms: actuarial mathemetics
Synonyms & antonyms
nounThe 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.
Translations
Chinese Mandarin 精算, 精算學 /精算学
- 精算 (jīngsuàn)discipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
- 精算學 /精算学 (jīngsuànxué)discipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Dutch verzekeringswiskunde, verzekeringsmathematiek
- verzekeringswiskundediscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
- verzekeringsmathematiekdiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
- actuariaatdiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Finnish aktuaaritiede
- aktuaaritiedediscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
French actuariat, sciences actuarielles
- actuariatdiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
- sciences actuariellesdiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
German Versicherungsmathematik
- Versicherungsmathematikdiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Indonesian ilmu aktuaria
- ilmu aktuariadiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Malay sains aktuari
- sains aktuaridiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Polish wiedza aktuarialna
- wiedza aktuarialnadiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Portuguese ciências atuariais, ciência atuarial
- ciências atuariaisdiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
- ciência atuarialdiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Russian актуа́рная нау́ка
- актуа́рная нау́ка (aktuárnaja naúka)discipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Swedish försäkringsvetenskap
- försäkringsvetenskapdiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Thai คณิตศาสตร์ประกันภัย
- คณิตศาสตร์ประกันภัยdiscipline within applied mathematics dealing with risk assessment; practice of applying mathematical and statistical methods to assess risk
Cite this entry
actuarial science. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/actuarial%20science
“actuarial science.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/actuarial%20science. Accessed November 4, 2026.
WatkinsX Dictionary, s.v. “actuarial science,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/actuarial%20science.
Source: actuarial science on Wiktionary, CC BY-SA 4.0.