Chapter 21: Mortality and morbidity

Question 1

Factors affecting the rating factors that companies use:

CoCo TEARR / Co3 REAR

Answer 1

Competitive pressure
Cost of collecting information

The Complexity of the on-boarding process to new clients
Ethical considerations
Accurate responses by clients
Relevance of factors to risk profile
Regulation

Question 2

Key factors which could affect mortality and morbidity rates:
HEC NO DaMGS

Answer 2

Housing 
Education 
Climate and geographical location
Nutrition
Occupation
Dangerous activities
Marital status
Genetics
Some diseases

Question 3

Types of selection

TCATS

Answer 3

Selection is the process by which lives in a population are divided into separate homogeneous groups.

There are five main forms:

• Temporary initial selection
• Class selection
• Time selection
• Adverse selection
• Spurious selection