CHP 22: Contract Design Flashcards
1
Q
Contract Design
AMPLE DIRECT FACTORS
A
AMPLE DIRECT FACTORS
Administration systems Marketability Profitability Level and form of benefits Early leaver benefits Discretionary benefits Interest and needs of customers and stakeholders Risk appetite of the parties involved Expenses vs. charges Competition Terms and conditions of contract Financing (capital requirements) Accounting implications Consistency with other products Timing of contributions or premiums Options and guarantees Regulatory requirements Subsidies (cross)
2
Q
Parties involved in contract design
A
(ALPACAS)
Actuaries Lawyers Providers of benefits Accountants Customers Administrators Shareholders / financial backers
