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Ioanna Stylianou
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Decks in this class (40)
CH0 - What is subject CP1 all about
What is the actuarial control cycle,
What 5 processed does the actuari...,
What makes the actuarial control ...
11
cards
CH1 - Actuarial advice
Possible clients that actuaries a...,
Possible clients that actuaries a...,
Describe how stakeholders other t...
10
cards
CH2 - External environment
Legislation and regulations 3,
State benefits 5,
Tax 3
14
cards
CH3 - Regulation
Principal aims of the regulation ...,
Direct costs 2,
Indirect costs 5
17
cards
CH4 - Financial products & customer needs
Categories for benefits 5,
Types of provision 5,
Social security benefits
14
cards
CH5 - Providers of benefits
Types of schemes 3,
Defined benefit sheme,
Defined contribution scheme
11
cards
CH6 - Life insurance products
Pure endowment,
Endowment assurance,
Whole life assurance
18
cards
CH7 - General insurance products
Liability insurance,
Main types of liability insurance,
Employers liability
15
cards
CH8 - Bond and money markets
Cash on deposit instruments inclu...,
Money market instruments can be i...,
Main players in the money markets 3
10
cards
CH9 - Equity and property markets
Investment and risk characteristi...,
Characteristics of quoted shares 3,
Why use industry groupings to cat...
10
cards
CH10 - Other investment classes
Collective investment schemes csis,
Two types of collective investmen...,
Regulation of collective investme...
24
cards
CH11 - Behaviour of the markets
Risk profile of asset classes lik...,
Supply and demand asset prices,
Interest rates and the government
16
cards
CH12 - Valuation of investments
Valuation methods for individual ...,
Market values vs calculated value...,
Market values vs calculated value...
12
cards
CH13 - Relationship between returns
Required return formula,
Expected return formula,
Required return vs expected return
8
cards
CH14 - Choosing an investment strategy
Define risk in 4 ways,
The risk appetite of an instituti...,
Factors influencing an institutio...
7
cards
CH15 - Asset-liability management
The actual liability outgo in any...,
4 categories of liability outgo c...,
Free assets or surplus can benefit 2
22
cards
CH16 - Investment management
Active investment management,
Passive investment management,
Tactical asset allocation 4
16
cards
CH17 - Modelling
Finding a model 3 5,
Operational issues to consider 8,
Key steps in developing and runni...
20
cards
CH18 - Data
Data risks 6 queried,
Main sources of data 2,
Reasons for poor data 2
6
cards
CH19 - Setting assumptions
Key factors affecting the choice ...,
Main sources of data used for det...,
When using past data the actuary ...
12
cards
CH20 - Mortality and morbidity
Principal factors contributing to...,
Selection definition and 5 main f...,
Temporary initial selection
21
cards
CH21 - Expenses
Types of expenses 2 2,
Fixed vs variable expenses,
Direct vs indirect expenses
14
cards
CH22 - Contract design
Factors to be considered in deter...,
Exam tip indications in questions...,
Parties involved in contract desi...
47
cards
CH23 - Pricing and financing
Cost vs price,
Factors taken into account for ad...,
Factors influencing the price 4
20
cards
CH24 - Risk governance
Risk management,
Key steps for the management of r...,
Risk identification
21
cards
CH25 - Risk identification & classification
Identifying all the risks in an o...,
Who should be involved in identif...,
Techniques available to ensure th...
36
cards
CH26 - Financial product and benefit scheme risks
Risks and uncertainties,
Risks to the beneficiary 2,
Possible reasons why the benefits...
44
cards
CH27 - Accepting risk
Risk appetite may be related to 2,
Risk efficient market,
Insurable risk 3
13
cards
CH28 - Risk measurement & reporting
Risk qualification,
Evaluation of risks scenario anal...,
Evaluation of risks stress testing
19
cards
CH29 - Risk transfer
When faced with a risk each stake...,
The choice of mitigation approach...,
The extent of risk transfer will ...
20
cards
CH30 - Other risk controls
Risk can be managed through diver...,
Ways that underwriting can be use...,
Life insurance initial underwriti...
9
cards
CH31 - Provisions
Provisions,
Reasons for calculating individua...,
Global provisions
25
cards
CH32 - Valuation of liabilities
Discounted cashflow approach for ...,
Market related approaches to valu...,
Fair value
11
cards
CH33 - Reporting results
Main accounting concepts commonly...,
In analysing accounts attention s...,
Reports accompanying accounts
9
cards
CH34 - Insolvency and closure
Insurance companies rarely become...,
If the insurers financial positio...,
It will be important to project t...
9
cards
CH35 - Capital management
Capital management of a financial...,
Capital needs individuals 2,
Capital needs companies 5
10
cards
CH36 - Capital requirements
A regulatory solvency capital req...,
Solvency ii,
Solvency ii levels of capital req...
11
cards
CH37 - Surplus & surplus management
Profit,
Surplus,
Reasons for performing an analysi...
3
cards
CH38 - Monitoring
Reasons for monitoring experience 3,
Data required for monitoring,
Analysis process statistical factors
10
cards
General terms
Accrual rate,
Accrued benefits,
Accumulation of risk
180
cards
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Actuarial Practice
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Actuarial Risk Management (A311)
- 40 decks
- 1148 flashcards
- 41 learners
Decks:
16 Asset Liability Management, 17 Investment Management, 18 Modelling, And more!
