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Decks in this class (52)
Chapter 1: Professionalism
Jobs that actuaries do,
Statutory roles reserved only for...,
Responsibility of the government ...
52
cards
Chapter 2: Stakeholders
Stakeholders involved in a pensio...,
Interests of policyholders,
Interests of the board of directo...
21
cards
Chapter 3: External Environment
15 factors to consider in the ext...,
Underwriting cycle,
Tax
15
cards
Chapter 4: Regulation
4 aims of regulation,
2 direct costs of regulation,
5 indirect costs of regulations
18
cards
Chapter 5: Introduction to financial products and customer needs
5 main types of products that an ...,
Customer needs can be desribed as 4,
Logical needs
11
cards
Chapter 6: Providers of benefits
4 main providers of benefits,
4 key roles of the state in relat...,
What benefits might the state pro...
14
cards
Chapter 7: Life Insurance products
Describe the benefit payable with...,
Describe the benefit payable with...,
Describe the benefit payable with...
23
cards
Chapter 8: General Insurance products
4 generic groups of general insur...,
5 main types of liability cover,
Main perils covered by employers ...
20
cards
Chapter 10: Contract Design
Contract factors,
Who are the parties in contract d...,
Needs of the client
53
cards
Chapter 11: Project Management
Features of a well run project,
Who would be in a project team,
What roles should the members of ...
26
cards
Chapter 12: Capital Project Appraisal
What is a capital project,
What are the main steps in a capi...,
Criteria that a project should sa...
13
cards
Chapter 13: Money Markets
3 main players in the money market,
Why would financial institutions ...,
Why wouldnt financial institution...
3
cards
Chapter 14: Bond Markets
4 main types of corporate bonds,
Yield curve,
What is the relationship between ...
14
cards
Chapter 15: Equity Markets
Ordinary share,
Advantages to holding listed rath...,
Why do share analysts tend to ana...
4
cards
Chapter 16: Property Markets
Direct property investment security,
Direct property investment yield,
Direct property investment spread
14
cards
Chapter 17: Futures and Options
Futures contract,
Long position,
Option premium
8
cards
Chapter 18: Collective Investment Schemes
Collective investment scheme,
2 types of collective investment ...,
Closed ended investment scheme
10
cards
Chapter 19: Overseas Markets
Why invest overseas,
How may overseas investments incr...,
How may overseas investments incr...
7
cards
Chapters 20 and 21: Economic and other influences on investment markets
Key factor affecting the supply o...,
Key economic factor affecting the...,
How might an expected cut in futu...
21
cards
Chapter 22: Relationship between the returns on asset classes
Define the required return on an ...,
The formula for the nominal requi...,
Define the expected return on an ...
6
cards
Chapter 23: Valuation of individual investments
8 methods of valuing assets,
Written up down book value,
Historic book value
15
cards
Chapter 24: Valuation of asset classes
Required return for conventional ...,
Required return for corporate bond,
Required return for equity
19
cards
Chapter 25: Investment Strategy - Institutions
How should an institutions invest...,
Examples of objectives of a pensi...,
Examples of what the word risk mi...
41
cards
Chapter 26: Investment Strategy - Individuals
Nature of an individuals liabilities,
Term of an individuals liabilities,
Currency of an individuals liabil...
12
cards
Chapter 27: Developing an investment strategy
2 principles of investment,
Define the net liability outgo fo...,
4 types of benefits
9
cards
Chapter 28: Developing an investment strategy II
What is active investment management,
What is passive investment manage...,
Which approach active passive wil...
20
cards
Chapter 29: Modelling
What is a model,
Where might the model come from a...,
9 requirements of a good model
62
cards
Chapter 30: Data
What are the main uses of policy ...,
What are the main sources of data,
Why might data be of poor quality...
21
cards
Chapter 31: Setting Assumptions
5 most important things to consid...,
4 examples of where historical da...,
4 examples of how current data ma...
10
cards
Chapter 32: Expenses
Expenses can be split into 4,
Fixed expenses,
Variable expenses
14
cards
Chapter 33: Pricing and Financing Strategies.
Cost of benefits,
Price of benefits,
What should the cost of benefits ...
20
cards
Chapter 34: Discontinuance
Underlying principle to consider ...,
How do you decide on which contra...,
What forms might the discontinuan...
14
cards
Chapter 35: Valuing Liabilities I
Provisions,
10 reasons why a provider calcula...,
2 reasons why a provider calculat...
16
cards
Chapter 36: Valuing Liabilities II
Describe the traditional discount...,
2 market related approaches to va...,
Asset based discount rate approach
11
cards
Chapter 37: Accounting
How should the published accounts...,
5 things to pay particular attent...,
Why is it difficult for a provide...
8
cards
Chapter 38: Surplus and Surplus Management
Surplus,
Surplus arising,
Sources of surplus to an insurer ...
14
cards
Chapter 39: Sources of Risk
4 financial risks,
2 non financial risks,
What is credit risk
29
cards
Chapter 40: Risks in Benefit Schemes
2 key risks to the sponsor of a b...,
2 key risks to the member of a be...,
What is the key risk to the state...
11
cards
Chapter 41: Pricing and insuring risks
Risk classification,
Once risks have been classified w...,
2 factors that a companys risk ap...
10
cards
Chapters 42 and 43: Risk Management Process
5 stages in the risk control cycle,
Risk control,
Under risk financing you would lo...
19
cards
Chapter 44: Risk Management Tools I
2 main types of reinsurance,
Key features of proportional rein...,
What is the difference between qu...
19
cards
Chapter 45: Risk Management Tools II
6 risk management tools,
How might you diversify business,
What is underwriting
26
cards
Chapter 46: Capital Management I
Why do individuals need capital,
Why do trading companies need cap...,
9 reasons why a provider of finan...
14
cards
Chapter 47: Capital Management II
2 main types of capital,
Solvency capital,
Economic capital
10
cards
Chapter 48: Monitoring
3 reasons why experience is monit...,
What are the conflicting objectiv...,
In order to model mortality or wi...
10
cards
Last minute Qs
4 sources of operational risk not...,
What is the incentive for self re...,
Corporate bonds security
64
cards
Corubulo's Notes
3 non actuarial techniques develo...,
4 actuarial techniques developing...,
Pure matching
58
cards
Financial Securities
What should you think about on ch...,
General reasons for being in mone...,
Economic situations where cash mo...
43
cards
Chapter 10: Contract Design 2
Competitiveness,
Profitability,
Risk appetite
14
cards
Chapter 29: Modelling 2
Timescale budget,
Realism,
Checking and documentation
11
cards
Chapter 39: Sources of Risk 2
Site clearance mitigation,
Construction third party risks,
Construction third party mitigation
16
cards
Other
Nature of business,
Claim settlement pattern,
Financial strength
27
cards
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3. Exam 3
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