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Johan Koen
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Decks in this class (41)
Ch0: Actuarial control cycle
Processes involved in acc,
What makes the actuarial control ...,
Steps in acc
3
cards
Ch1: Actuarial advice
Trustees of benefits schemes may ...,
Sponsors of benefit schemes may r...,
Government may require advice on 4
5
cards
Ch2: External environment
Aims of regulatory requirements r...,
Public proprietaries advantages,
Underwriting cycle explained
3
cards
Ch3: Regulation
Aims of regulation,
Cost of regulation direct and ind...,
Need for regulation in financial ...
11
cards
Ch4: Intro to financial products and consumer needs
Means test definition and negatives,
Social security benefit types 6,
Insurance principles
5
cards
Ch5: Benefits overview and providers of benefits
Defined benefits sceme description,
Defined contribution scheme descr...,
Role of the state in retirement p...
5
cards
Ch6: Life insurance products
New business strain definition,
Key risks under life insurance co...,
List of items life insurer should...
18
cards
Ch7: Healthcare products
Medical scheme vs health insuranc...,
Types of medical underwriting 5,
Main types of healthcare products
11
cards
Ch8: General insurance
Key features of general insurance 4,
Reasons for settlement delays 5,
Underwriting in general insurance...
19
cards
Ch9: Bond and money markets
3 cash deposits,
Clearing banks description,
System t money markets
10
cards
Ch10: Equity and property markets
System t for equity,
Equity categorisation by industry,
Prime property factors 6
5
cards
Ch11: Other investment classes
Collective investment scheme desc...,
Regulation regarding collective i...,
Closed ended vs open ended invest...
10
cards
Ch12: Behaviour of the markets
Reasons the government may alter ...,
Bond yield curve theories,
Economic factors influencing bond...
6
cards
Ch13: Valuation of investments
Appropriate valuation method depe...,
Reasons for valuation of individu...,
Criteria for assessing asset valu...
7
cards
Ch14: Relationship between returns on asset classes
Required return,
Risk premium in required return,
Expected return
9
cards
Ch15: Choosing an appropriate investment strategy
Investment objectives need to be 3,
Objectives may be described as 2,
Fund objectives 3
10
cards
Ch16: Asset-liability management
Principles of investment state that,
Optimal matched position definition,
Why match 3
13
cards
Ch17: Investment management
Investment management intro,
Two ways saa can be implemented a...,
Passive investment management des...
16
cards
Ch18: Modelling
Model definition,
When model required three approaches,
Merits of three approaches of mod...
8
cards
Ch19: Data
Popia personal information act ei...,
Personal data definition,
Competition legislation two examples
14
cards
Ch20: Setting Assumptions
When setting assumptions it is im...,
Demographic vs economic assumptions,
Extent to which information may b...
9
cards
Ch21: Mortality And Morbidity
Risk classification in life insur...,
Selection anti adverse selection ...,
Risk grouping process
6
cards
Ch22: Expenses
Why is this chapter on expenses i...,
Explain fixed vs variable expenses,
Explain difference between direct...
5
cards
Ch23: Contract design
Surrender values need to recover,
Contract design factors
2
cards
Ch24: Pricing and financing
Why is chapter on pricing and fin...,
Premiums and contributions need t...,
Reasons why the office premium ca...
5
cards
Ch25: Risk governance
Risk management definition,
Risk management process steps 6,
Four ways risk control measures a...
11
cards
Ch26: Risk identification and classification
Steps for identification and anal...,
Main risk categories 7 bloem cc,
Market risk definition and subcat...
7
cards
Ch27: Financial product and benefit scheme risks
Benefit risks for defined benefit...,
Contribution risks for dc and db ...
2
cards
Ch28: Accepting risk
Risk appetite,
Define risk profile risk limits a...,
Insurable risk must satisfy 3
5
cards
Ch29: Risk measurement and reporting
Scenario analysis steps 4,
Stress testing definition,
Advantages and disadvantages of var
6
cards
Ch30: Risk transfer
Method of risk control,
Benefits of reinsurance,
Alternative risk transfer definit...
10
cards
Ch31: Other risk controls
Internal risk controls for risks ...,
Risks can be diversified within t...,
Reciprocal quota share reinsurance
7
cards
Ch32: Provisions
Reasons for calculating provision...,
Different bases,
Factors affecting the choice of b...
4
cards
Ch33: Valuation of liabilities
Three methods for valuation,
Traditional dcf method description,
Market based approach reflecting ...
10
cards
Ch34: Reporting results
Reports accompanying accounts mig...,
Two main purposes of the actuaria...,
Describe how disclosure could hel...
8
cards
Ch35: Insolvency and closure
When does an insurance company be...,
When would a benefit scheme close...,
Winding up definition
16
cards
Ch36: Capital management
Capital management definition,
Why individuals need capital 3,
Why companies require capital 5
9
cards
Ch37: Capital requirements
Two approaches to determine capit...,
Solvency ii framework pillars,
Mcr and scr
10
cards
Ch38: Surplus and surplus management
Reasons for performing an analysi...,
Levers on surplus levers are the ...,
Key factors that will affect the ...
4
cards
Ch39: Monitoring
Why experience is monitored 3
1
cards
ChA1: Banking overview
Types of banks,
Key risks for banks
2
cards
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