1. General business environment Flashcards
1
Q
List the 7 main factors in the general business environment that influences Life insurance companies?
A
- New business volumes
- Wider competitive environment (non-life savings vs. traditional life savings)
- Operational risk
- Corporate finance and securitisation
- Mergers and acquisitions
- Demutualisation
- Cell captives (interesting)
2
Q
Who provides oversight over life insurance?
A
- Prudential Authority (PA) and Financial Sector Conduct Authority (FSCA) provide
- Financial Sector Conduct Authority (FSCA)
3
Q
What are the 2 acts governing life insurance?
A
- Long-Term Insurance Act (1998) [LTIA]
- Insurance Act (2017)
4
Q
How do
A
