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Uthmaan Ebrahim
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Decks in this class (41)
Chapter 0 - What is A311 all about
What makes the acc actuarial,
What does specifying the problem ...,
What does developing the solution...
4
cards
Chapter 1 - Actuarial Advice
Who are the stakeholders that buy...,
Who are the stakeholders that buy...,
Who are the stakeholders that dis...
10
cards
Chapter 2 - External environment
List the factors to consider in r...,
List four examples of how benefit...,
What is the role of non executive...
6
cards
Chapter 3 - Regulation
What are the principle aims of re...,
What are the direct costs of regu...,
What are the indirect cost of reg...
16
cards
Chapter 4 - Introduction to financial products and customer needs
What is a means test,
List the main types of social sec...,
What are the three main insurance...
5
cards
Chapter 5 - Benefit overwiew and providers of benefits
What is a defined benefit scheme,
What is a defined contribution sc...,
Who are the main providers of ben...
5
cards
Chapter 6 - Life insurance products
What are the key features of life...,
What is without profit contracts,
What is with profit contracts
17
cards
Chapter 7 - Healthcare products
What are the main types of health...,
What is indemnity cover,
What is stated benefit cover
19
cards
Chapter 8 - General insurance products
Outline the seven features of lia...,
List the four generic groups of g...,
List the products covered under l...
20
cards
Chapter 9 - Bond and money markets
Outline three situations when ind...,
What does the size of the inflati...,
Outline the main players in the m...
14
cards
Chapter 10 - Equity and property markets
Define the term ordinary share,
What are the advantages of listed...,
List three reasons for the correl...
14
cards
CP1 - A1 - Banking
Banking book,
Trading book,
Corporate banks
16
cards
Chapter 11 - Other investment classes
Define closed ended in the contex...,
Define open ended in the context ...,
Outline the advantages of investm...
18
cards
Chapter 12 - Behaviour of the markets
The main economic influences on s...,
List the main theories of the con...,
Describe liquidity preference theory
29
cards
Chapter 13 - Valuation of investments
List 8 methods used to value indi...,
State the 2 main considerations w...,
What are the advantages and the d...
16
cards
Chapter 14 - Relasionship between asset classes
State the formula for the require...,
State the formula for the expecte...,
What does it mean if the required...
3
cards
Chapter 15 - Choosing an appropriate investment strategy
Give 4 examples of possible inves...,
List 16 factors that influence th...,
When would an overseas market be ...
8
cards
Chapter 16 - Asset liability management
What are the two key principles o...,
Four types of liabilities by nature,
Suggest a good asset match for li...
13
cards
Chapter 17 - Investmeant management
Active investment management,
Passive investment management,
List 6 factors to consider before...
22
cards
Chapter 18 - Modelling
Modelling requires a balance to b...,
Where might a model come from and...,
Outline the operational issues th...
18
cards
Chapter 19 - Data
Define personal data,
What are the 8 conditions popia i...,
Examples of what might count as s...
24
cards
Chapter 20 - Setting assumptions
What are the 5 most important thi...,
Why may past data not be relevant...,
Assumptions affected by changes i...
9
cards
Chapter 21 - Mortality and morbidity
Explain why it is necessary to ha...,
List factors that directly affect...,
List the main forms of selection
9
cards
Chapter 22 - Expenses
Fixed expenses,
Variable expenses,
Direct expenses
10
cards
CHapter 23 - Contract design factors
List 18 factors to consider when ...,
List the 7 key parties involved i...,
List the factors influencing the ...
18
cards
Chapter 24 - Pricing and financing strategies
Formula for the value of premiums...,
List other factors that needs to ...,
What is the difference between th...
15
cards
Chapter 25 - Risk Governance
List the 6 stages in the risk man...,
The risk identification stage of ...,
Risk classification
20
cards
Chapter 26 - Risk identification and classification
Outline 5 methods of identifying ...,
Suggest 7 categories of risks tha...,
What are the main risk categories
18
cards
Chapter 27 - Financial product and benefit scheme risks
What are the two key risks to a b...,
What is the key risks to the prov...,
What is the key risk to the state...
14
cards
Chapter 28 - Accepting risk
What is a risk profile,
What is risk limits,
What is risk capacity
11
cards
Chapter 29 - Risk measurement and reporting
Outline how a model could be used...,
State 5 ways of evaluating risks,
Scenario analysis
18
cards
Chapter 30 - Risk transfer
When faced with a risk each stake...,
Each option for mitigating a risk...,
The extent to which stakeholders ...
26
cards
Chapter 31 - Other risk controls
List 4 risk management tools avai...,
Give 4 examples of how an insurer...,
What is underwriting
17
cards
Chapter 32 - Provisions
Reasons for calculating provisions,
Purpose of global provisions,
Best estimate basis
11
cards
Chapter 33 - Valuation of Liabilities
What is the most important factor...,
What is the major criticism of th...,
Give two definitions of fair value
12
cards
Chapter 34 - Reporting results
What would reports accompanying a...,
List examples of information that...,
Across different countries a numb...
5
cards
Chapter 35 - Insolvency and closure
Why do insurers rarely become ins...,
Issues to be modelled when projec...,
F an insurance company facing ins...
8
cards
Chapter 36 - Capital management
What does capital management involve,
When taking on risks for a first ...,
Capital needs for financial provi...
13
cards
Chapter 37 - Capital requirements
List 2 types of assessments of ca...,
List 3 types of liabilities cover...,
Define regulatory capital
17
cards
Chapter 38 - Surplus and surplus management
Define the terms surplus and surp...,
List the reasons why providers an...,
Carrying out an analysis of surpl...
13
cards
Chapter 39 - Monitoring
Reasons for monitoring,
Outline the broad data requiremen...,
How should economic factors such ...
5
cards
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A311 - Actuarial risk management
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