Important Questions

Question 0

What to do with excess capital

Answer 0

X

Question 1

Ways to improve capital position

Answer 1

X

Question 2

Explain peak 1

Answer 2

X

Question 3

Explain peak 2

Answer 3

X

Question 4

Explain pillar 2

Answer 4

X

Question 5

Explain solvency 2 pillar 1

Answer 5

X

Question 6

Explain solvency 2 pillar 2

Answer 6

X

Question 7

Explain solvency 2 pillar 3

Answer 7

X

Question 8

Main AFH responsibilities

Answer 8

X

Question 9

What to do on a part 7

Answer 9

X

Question 10

How to reduce persistency problems?

Answer 10

X

Question 11

Why might you have persistency problems

Answer 11

X

Question 12

Explain peak 1 vs peak 2 capital requirement formulae

Answer 12

X

Question 13

Compare peak 1 vs peak 2

Answer 13

X

Question 14

Why do an analysis of surplus?

Answer 14

X

Question 15

Why do an AOEV?

Answer 15

X

Question 16

Components of an AOEV

Answer 16

X

Question 17

Contents of a PPFM

Answer 17

X

Question 18

Explain micro insurance

Answer 18

X

Question 19

What does FPRL contain?

Answer 19

X

Question 20

EEV principles

Answer 20

X

Question 21

MCEV principles

Answer 21

X

Question 22

Problems EEV addressed

Answer 22

X

Question 23

Problems EEV still has

Answer 23

X

Question 24

12 EEV principles

Answer 24

X

Question 25

MCEV goals

Answer 25

X

Question 26

Sources of surplus in peak 1

Answer 26

X

Question 27

Sources of surplus for change in peak 2 WC

Answer 27

X

Question 28

Steps in the projection approach to analysing surplus in peak 1

Answer 28

X

Question 29

Process to analyse movement in WC (peak 2 surplus)

Answer 29

X

Question 30

How to use the results of an analysis of oeak 1 or 2 surplus/WC

Answer 30

X

Question 31

How to analyse movements in MCR or RCM

Answer 31

X

Question 32

List of assumptions

Answer 32

Mortality
Morbidity
Withdrawals (Lapses, Surrenders, PUP)
Discount rate
Investment return
Unit growth rate
Inflation
Expenses
Tax
Reinsurance default
Expense inflation
Shareholder transfers

Question 33

Why do AOEV?

Answer 33

X

Question 34

Presentation of AoCHange in EV

Answer 34

X

Question 35

Explain the AOEV sections where you analyse effect of return on free surplus

Answer 35

X

Question 36

How might you further split the AOEV for MCEV purposes?

Answer 36

X

Question 37

If profits come at end of year are 10, 10, 10 derive the formula for expected return on PVFP (expected return on In-force business)

Answer 37

X

Question 38

What technique might you use to calculate the experience variances in AOEV?

Answer 38

The projection technique of analysis of peak 1 surplus (project changing 1 thing at a time and look at effect)

Question 39

Reasons for poor persistency

Answer 39

X

Question 40

Managing poor persistency

Answer 40

X