CIA.REINS Flashcards

1
Q

list the key principles of risk transfer assessment (4)

A

KP1:
- use quantitative and/or qualitative approaches depending on information available
KP2:
- use professional judgment
KP3:
- consider overall agreement (all verbal & non-verbal agreements)
KP4:
- check risk transfer at inception of contract
(& re-check whenever changes affect future cash flows)

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2
Q

2 broad categories of risk-limiting contract features

A
  • terms set in advance
  • experience-based renewals (EBR)
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