Chapter 12- Actuarial Investigations Flashcards
1
Q
Purpose of analyzing movement rates (5)
A
2
Q
Lapse rate
A
3
Q
Renewal rate
A
4
Q
Issues to consider when analyzing lapse rates (4)
A
5
Q
New business rate
A
6
Q
Advantage of new business rate
A
7
Q
Strike rate
A
8
Q
Adv and disadv of strike rate
A
9
Q
Mid term cancelation rate
A
10
Q
Adv and disadv of mid-term cancelation rate
A
11
Q
Policy endorsement rate
A
12
Q
Analysing volumes of quotations is useful for (3)
A
13
Q
Analysing persistence and profitability by source us useful for (5)
A
14
Q
Problems with analysing persistence and profitability by source (3)
A
15
Q
Features of a good monitoring system (5)
A
