13-15 Risks list Flashcards
1
Q
What are the sources of risk?
A
- Policy and other data
- Mortality and morbidity rates
- Investment performance
- Expenses, incl. effect of inflation
- Withdrawals
- Mix of new business by nature, size of contract and source
- Volume of new business
- Guarantees and options
- Competition
- Actions of distributors
- Failure of appropriate management systems and controls
- Counterparties
- Legal, regulatory and fiscal developments
- Fraud
- Aggregation and concentration of risk incl. credit failure
