Chapter 1: Actuarial Advise Flashcards
1
Q
Some questions to keep in mind when considering stakeholders
Use each one to come up with at least 2 stakeholders
A
- Who buys the product
- Who provides the products
- Distributor
- Manager
- Who provides funding
- Who provides oversight
2
Q
Types of advise
A
- Indicative
- Factual
- Recommendations
3
Q
Indicative advise
A
Giving an opinion without fully investigating the issue
4
Q
Factual advise
A
Based on research of facts
5
Q
Recommendations (advise)
A
Researched and modelled forecasts. laternatives weighted, recommendations made consistent with requirements, peer-reviewed
6
Q
Principles of the professional conduct standards
A
- Integrity
- Competence and care
- Impartiality
- Compliance
- Speaking up
- Communication
