DEFINITION of 'Actuarial Science '. A discipline that assesses financial risks in the insurance and finance fields using mathematical and statistical methods. Actuarial science applies the mathematics of probability and statistics to define, analyze and solve the financial implications of uncertain future events. Traditional actuarial science largely revolves around the analysis of mortality and the production of life tables, and the application of compound interest. Next Up.
The result is a smaller difference between high and low tides and is known as a neap tide. Neap tides are especially weak tides. They occur when the gravitational forces of the Moon and the Sun are perpendicular to one another (with respect to the Earth). Neap tides occur during quarter moons.
Red tides are caused by an explosive growth and accumulation of certain microscopic algae, predominantly dinoflagellates, in coastal waters. Some species of dinoflagellates produce toxins that are among the most potent known to man.lorida red tide is a specific type of Harmful Algae Bloom (HAB). 1  HABs are a worldwide phenomenon. 2  Red tide is caused by a microscopic algae, Karenia brevis.