Analysis of surplus - reasons for Flashcards
1
Q
Acronym
A
DIVERGENCE
2
Q
D
A
Divergence of actual vs expected
3
Q
I
A
Info for management and accounts
4
Q
V
A
Variance of whole = sum of variance of parts
5
Q
E(1)
A
Experience monitoring for feedback into ACC
6
Q
R
A
Reconcile values for successive years
7
Q
G
A
Group into one off & recurring sources
8
Q
E(2)
A
Executive remuneration schemes
9
Q
N
A
New business strain effects
10
Q
C
A
Check on valuation assumptions and experience
11
Q
E(3)
A
Extra check on valuation data and process (if done independently)
