1. General business environment

Question 1

How can the business environment be divided?

Answer 1

• Growth:
  o Writing new business
  o Mergers and acquisitions
• Competition
• Operational risk
• Corporate finance and securitisation
• Mergers and acquisitions
• Demutualisation
• Cell captives

Question 2

Who provides oversight over life insurance?

Answer 2

• Prudential Authority (PA) and Financial Sector Conduct Authority (FSCA) provide
• Financial Sector Conduct Authority (FSCA)

Question 3

What are the 2 acts governing life insurance?

Answer 3

• Long-Term Insurance Act (1998) [LTIA]
• Insurance Act (2017)

Question 4

How do