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By:
Michael Mariano
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Decks in this class (39)
Chapter 0: Actuarial Control Cycle
General commercial and economic e...,
Specifying the problem,
Monitoring the experience
4
cards
Chapter 1: Actuarial Advice
List public sector stakeholders t...,
List 12 stakeholders involved in ...,
List 7 areas in which actuaries c...
15
cards
Chapter 2: External Environment
List the factors to consider in r...,
Mutual societies,
2 ways in which mutuals approach ...
21
cards
Chapter: Regulation
Principle aims of regulation,
Direct costs of regulation,
Indirect costs of regulation
25
cards
Chapter 4: Introduction to financial products and customer needs
Summarize the three main principl...,
Insurance contract,
Reinsurance contract
14
cards
Chapter 5: Benefits overview and providers of benefits
Types of pension scheme members,
Defined benefit scheme,
Defined contribution scheme
15
cards
Chapter 6: Life Insurance Products
Key features of life insurance co...,
Assumptions needed to project for...,
New business strain
23
cards
Chapter 7: Healthcare Products
Main types of healthcare products,
Aspects to consider in product de...,
Types of underwriting for short t...
36
cards
Chapter 8: General Insurance Products
Define indemnity and give example...,
List the four generic groups of g...,
Outline the seven features of lia...
30
cards
Chapter 9: Bonds and Money Markets
Cash on deposit,
Money market instruments,
Key players in money markets
18
cards
Chapter 10: Equity and property markets
Define the term ordinary share an...,
Dividend payout ratio and dividen...,
Suggest reasons why a company mig...
14
cards
Chapter 11: Other Investment Classes
What is a collective investment s...,
Open ended unit trusts,
Investment trust companies
19
cards
Chapter 12: Behaviour of the markets
State the key risks to which an i...,
How is the general level of the m...,
What are the two main factors aff...
23
cards
Chapter 13: Valuation of investments
On what does the appropriate valu...,
Criteria for assessing asset valu...,
Investment valuation methods
25
cards
Chapter 14: Relationship Between Returns On Asset Classes
Chapter 14 relationship between r...,
Chapter 14 relationship between r...,
What does it mean if the required...
12
cards
Chapter 15: Choosing an appropriate investment strategy
What criteria should an investmen...,
Give 4 examples of possible inves...,
Give three examples of how risk m...
19
cards
Chapter 16: Asset-Liability Management
What are the two key principles o...,
List the features that might be c...,
Describe the cashflows on a singl...
26
cards
Chapter 17: Investment Management
Active investment management,
Passive investment management,
List 6 factors to consider before...
20
cards
Chapter 18: Modelling
What is a model,
Modelling requires a balance to b...,
What is the advantage of an actua...
23
cards
Chapter 19: Data
Define personal data,
Eight principles which must be fo...,
Examples of what might count as s...
27
cards
Chapter 20: Setting assumptions
What are the 5 most important thi...,
Give three examples of where hist...,
Give 4 examples of where current ...
17
cards
Chapter 21: Mortality and Morbiidty
Describe the use of risk classifi...,
State the limitations of risk cla...,
Explain how life insurance compan...
12
cards
Chapter 22: Expenses
Typical expenses of financial ser...,
Fixed expenses,
Variable expenses
25
cards
Chapter 23: Contract Design
List 18 factors to consider when ...,
Outline the main administrative c...,
Give examples of contract design ...
30
cards
Chapter 24: Pricing and Financing Strategies
What is the difference between th...,
Risk premium vs office premium,
Factors affecting the cost of ben...
29
cards
Chapter 25: Risk Governance
List the 6 stages in the risk man...,
Which stage in the risk managemen...,
Risk identification
22
cards
Chapter 26: Risk Identification and Classification
Risk identification,
Techniques available to ensure th...,
Outline 5 methods of identifying ...
21
cards
Chapter 27: Financial Product and Benefit Scheme Risks
What are the two key risks to a b...,
What are the two key risks to a p...,
What is the key risk to the state...
18
cards
Chapter 28: Accepting Risk
Risk appetite,
Risk profile,
Risk limits
18
cards
Chapter 29: Risk Measurement and Reporting
0
cards
Chapter 30: Risk Transfer
List 6 possible responses from wh...,
How could each risk mitigation op...,
What 5 factors affect whether a s...
22
cards
Chapter 31: Other Risk Controls
List 4 risk management tools avai...,
Give 5 examples of how an insurer...,
Why might an insurance company us...
19
cards
Chapter 32: Provisions
Provisions,
List 9 reasons why a provider cal...,
What is the difference between in...
29
cards
Chapter 33: Valuation of Liabilities
What is the most important factor...,
Describe the traditional discount...,
What is the major criticism of th...
18
cards
Chapter 34: Reporting Results
Outline the emphasis of changes t...,
List eleven accounting concepts m...,
Outline 7 important things that s...
20
cards
Chapter 35: Insolvency and Closure
Why do insurers rarely become ins...,
What are the pros and cons of clo...,
Limitations the regulator can pla...
15
cards
Chapter 36: Capital Management
What does capital management involve,
Why do individuals need capital,
Why do trading companies need cap...
19
cards
Chapter 37: Capital Requirements
List 2 types of assessments of ca...,
Define regulatory capital,
List 3 types of liabilities a pro...
24
cards
Acronyms
Key topics under the general comm...,
6 principles of the actuaries code,
List the factors to consider in r...
39
cards
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ARM 2023
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