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Merveilleuse M
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Decks in this class (60)
M_Life Products
What kind of product design lends...,
What problems does actuarial fund...,
The reserving basis is strengthen...
22
cards
M_F102_Life products
Immediate annuity,
Deferred annuity needs met by the...,
Group life products
22
cards
M_F102_Life products 2
General features of life products...,
For each product consider,
Endowment assurances features
20
cards
M_F102_Life Products 3
Cta capital,
Ia risks,
Ia capital
13
cards
M_F102_Health and care products
Ci conditions covered,
Ci product variations,
Ci risks to the insurer
43
cards
M_F102_Health and care products 2
Healthcare products,
Income protection,
Income protection customer needs ...
13
cards
M_F102_Unit-linked life contracts
Unit linked product features,
Charges deducted from premium or ...,
Unit fund
8
cards
M_F102_Unit-linked life contracts 2
Ul capital requirements,
How is unit pricing achieved,
Offer basis
9
cards
M_F102_With Profit Distributions
Wp vs wop key differences,
What does wp mean,
Possible options to distribute pr...
11
cards
M_F102_With Profit Distributions 2
Accumulating with profits,
Accumulating with profits unitise...,
Differences wp unitised awp compa...
10
cards
M_F102_General Business Environment and Risk
The general business environment ...,
The general business environment ...,
Demographic profile efffects
10
cards
M_F102_General Business Environment and Risk 2
Withdrawals risks,
Volume of new business,
Guarantees and options
10
cards
T_F102_General Business Environment and Risk 3
Credit failure,
Professional guidance,
Risks macro
9
cards
T_F102_Reinsurance and Underwriting
Forms of reinsurance,
Facultative vs obligatory,
Financial reinsurance
10
cards
T_F102_Reinsurance and Underwriting 2
Reinsurance examples2 proprietary...,
Underwriting,
Reasons for u w
10
cards
T_F102 Modelling Options and Guarantees
Model overview,
Life insurance models,
Model sensitivities
5
cards
T_Product Design and Pricing
Factors in product design 1,
Factors in product design 2,
Demographic assumptions
10
cards
T_Product Design and Pricing 2
Assumptions consistency,
Factors in product designmarketab...,
Factors in product designcompetit...
10
cards
T_Reserving and Investment
Features of npv,
Principles of setting reserves,
Principles of setting reserves cont
10
cards
T_Solvency Management and Monitoring Financial Performance
Existing business solvency,
Measuring solvency,
Static vs dynamic solvency testing
10
cards
T_Policy Changes
Surrender value principles,
Calculating surrender values,
Sv retrospective method
8
cards
T_Big Picture and Revision
Monitor experience as part of con...,
Data requirements for modelling e...,
Different data needed for the dif...
4
cards
W_Glossary
Matching,
Reinsurance,
Requirement for capital
8
cards
W_Glossary 2
Terminal bonus,
Smoothing,
Pre existing conditions expclusion
10
cards
W_Glossary 3
Actuarial funding,
Aggregate asset share,
Anti selection
10
cards
T_Glossary 4
What is the irr,
Advantages of irr,
Disadvantages of irr
10
cards
T_Glossary 5
Retention,
Extra risk how does extra risk arise,
Fair value reserve
10
cards
T_Glossary 6
Bonus earning capacity,
Commission,
Contribution method
10
cards
T_Glossary 7
Lapse,
Liabilities,
Marginal pricing
10
cards
T_Glossary 8
Original terms coinsurance reinsu...,
Regular reversionary bonus,
Risk premium reinsurance
10
cards
T_Glossary 9
Investment guarantee,
Income protection insurance ip,
Internal unit linked fund
7
cards
T_Glossary 10
Negative non unit reserves,
Negative reserve,
Net premium valuation
7
cards
T_Short q's 1
Some needs met by ci,
Unit pricing basic equity principle,
What is the purpose of actuarial ...
10
cards
T_Short q's 2
Problem with applying a waiting p...,
Only accept cases where people ha...,
Problem with impose a pre existin...
10
cards
T_Short q's 3
How to set expense assumption eg ...,
How to set inflation assumption e...,
How to set interest assumption eg...
10
cards
T_Short q's 4
Setting base mortality assumption,
Setting expense assumption,
List 8 key parameters that you wo...
10
cards
T_Short q's 5
D replacement ratio,
B deferred period,
C linked claim 6
10
cards
F_Short q's 6
I define what is meant by the ter...,
In the context of unit linked lif...,
I list the factors which can infl...
10
cards
F_Short q's 7
Ii explain why the term assurance...,
The ceo of the large lic for whic...,
The ceo of the large lic for whic...
10
cards
F_Short q's 8
Profitability cross subsidies,
Financing requirements cross subs...,
Iii the company also offers guara...
8
cards
F_Useful Mnemonics
Sounder tractors factors affectin...,
Tech scam regulatory influences o...,
Dr doneq problems with industry data
16
cards
F_Useful Mnemonics 2
Create great lists external envir...,
Create great lists external envir...,
Create great lists external envir...
10
cards
F_Useful Mnemonics 3
Offer factors to consider when an...,
Safer reasons for underwriting,
Murda risk management tools
10
cards
F_Useful Mnemonics 4
Pnefcpb causes of risk,
Sham fads ways to value assets,
Sham fads ways to value assetssham
10
cards
F_Useful Mnemonics 5
Dr scc factors to consider when s...,
Dr scc factors to consider when s...,
Dr scc factors to consider when s...
10
cards
F_Useful Mnemonics 6
Ample direct factors contract des...,
Ample direct factors contract des...,
Ample direct factors contract des...
10
cards
F_Extras
Large mutual mainly with profits ...,
Large pty limited rapid expansion...,
New unit linked company limited c...
20
cards
F_Extras 2
Factors in product designregulato...,
Gross premium valuation gpv,
Types of reserves
20
cards
F_Extras 3
Descartes reasons for using art,
Sir mapemap uses of data,
I c maddogs reasons for valuing l...
20
cards
F_Extras 4
Elements of the product cycle,
Insurers risks re endowment assur...,
Capital requirements of the insur...
20
cards
Reinsurance
Need for reinsruance,
Facultative reinsurance,
Proportional treaties
16
cards
Revision books
Issues surrounding capital requir...,
Macro big sources of risk for ins...,
What risks are there to do with n...
20
cards
Extras 5
Give disadvantages of propsepecti...,
Advantage of prospective sv,
How does a company profit from svs
20
cards
Extras 6
3 alteration examples,
How do you change term of a wol,
Equivalent of reducing term to 0 ...
20
cards
Extras 7
What is solvency capital why use ...,
What 3 ways are there to allow fo...,
What is ev
20
cards
Extras 8
Explain the bid offer spread whic...,
Which is the lowest bid or offer,
Is appropriation on offer or bid
20
cards
Extras 9
Why is the conventional method th...,
What mortality assumptions are ma...,
What assumptions underly the conv...
20
cards
Extras 10
What is eas sv pricing sv pricing...,
How do you choose assumptions for sv,
What basis on assumptions would b...
20
cards
Extras 11
Accumulation of premium arrears s...,
Product design factors,
What does non unit reserve include
20
cards
Extras 12
How can withdrawal rate be calcul...,
Why do an aos for monitoring expe...,
Why do an aoev
24
cards
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1. F102 Exams_MM
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