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Decks in this class (20)
Intro
What is apn 401,
What does apn 401 consider,
What falls out of the scope of ap...
5
cards
Overview
What is the definition of a non l...,
State 2 examples of a non insuran...,
Define technical provisions
7
cards
Data
What 3 things should the member e...,
What are higher levels of complet...,
What factors should the member co...
9
cards
Components of TPs
What should the components includ...,
What are some examples of provisi...,
What are some examples of provisi...
8
cards
Methodology and Assumptions
What should be considered to guid...,
Where should there be consistency...,
What should the member make appro...
11
cards
Margins
What is the difference between an...,
What needs to be considered when ...,
What are the 2 main elements a ma...
5
cards
Sensitivity Analysis
What is a sensitivity analysis,
What should the member do regardi...
2
cards
Roll-forward of TPs
Provide an example of when a memb...,
What should the member consider i...
2
cards
Change in valuation model/basis changes
When deciding on the valuation mo...,
What are the consideration for th...,
What are the key external factors...
3
cards
Case Estimates and Large Claims
What should the member consider w...,
How should the member determine t...,
How can the case estimates be ass...
4
cards
Inflation
What should the tps make allowanc...,
When is explicit allowance for in...,
What should form the basis for as...
4
cards
Discounting
When should discounting be used,
What factors should be considered...,
What discount rate should be used...
4
cards
Expenses
What should tps relating to past ...,
How should the allowance for futu...,
What should tps relating to futur...
4
cards
Gross/net of reinsurance and other recoveries
How should amounts recoverable be...,
What is a reasonable starting poi...,
What should be done for reinsuran...
5
cards
Run-off / wind-up basis
What allowance for expenses shoul...,
How should the expenses be separated,
What should be considered regardi...
5
cards
Materiality
What is materiality,
What criteria should be considere...,
What factors should be taken into...
3
cards
Movement Analysis
What is the extent of a movement ...,
What are some components that may...
2
cards
Reasonability of results
What should be considered before ...,
How should reasonableness of resu...
2
cards
Actuarial Report
How often should an actuarial rep...,
What should be documented regardi...,
What results should be included i...
4
cards
Glossary
Alae,
Acpc,
Basic chain ladder model
27
cards
More about
APN 401
- Class purpose General learning
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