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Decks in this class (51)
Key words
Large,
Long established,
Food manufacturer
11
cards
Chapter 0 Actuarial Control Cycle
List 7 applications of the acc,
What makes the acc actuarial 11,
List the 3 stages and 2 inputs to...
8
cards
Chapter 1 Actuarial Advice
Possible clients for an insurance...,
Possible clients for a benefit sc...,
Possible clients for a banks 18
11
cards
Chapter 2 External Environment
Legislation vs regulation,
2 examples of compulsory insurance,
Explain state benefit as an exter...
31
cards
Chapter 3 Regulation
Why do financial services need st...,
Aims of financial regulation gripl,
What is a lender of last resort
27
cards
Chapter 4 Introduction to Financial Products and Customer Needs
5 examples of customer needs 5,
What is social security,
What is meant by means tested
17
cards
Part 1 Glossary
Anti selection,
Chinese walls,
Corporation tax
7
cards
Chapter 5 Benefit Schemes
Main providers of benefits 5,
What are the main objectives of t...,
What are the main objectives of t...
16
cards
Chapter 6 Life Insurance Products
How is profit calculated for a li...,
Outcome of underwriting 3,
By what means are premiums calcul...
27
cards
Chapter 7 General Insurance Products
What is the difference between sh...,
What are the two lines of gi prod...,
What is the aim of gi product ben...
20
cards
Chapter 8: Healthcare Products
Name 2 types of cover hc products...,
Explain the factors to consider i...,
Name the types of underwriting in...
5
cards
Chapter A1: Banking Overview
Trading book,
Corporate banks,
Retail banks
20
cards
Chapter 9 Money Markets
Name three forms of cash on deposit,
Name three different ways in whic...,
Discuss the term money markets
8
cards
Chapter 9: Bond Markets
What is the gry,
What is the relationship between ...,
What causes is there for return n...
12
cards
Chapter 10: Property
Explain the cashflow from property,
What factors affect how prime pro...,
What are the characteristics of p...
5
cards
Chapter 10: Equity
What is ordinary shares,
Explain the cashflow from equity,
Explain the characteristics on eq...
7
cards
Chapter 11: Future and options
Future,
Forward,
Long party
17
cards
Chapter 11: Collective investment schemes
What are the advantages 10 and di...,
What is a close ended scheme,
What is a close ended scheme
11
cards
Chapter 11: Direct vs. Indirect Investment
Compare direct vs indirect invest...,
Compare direct vs indirect invest...,
Compare direct vs indirect invest...
3
cards
Chapter 11: Overseas markets
Reasons for overseas investments 3,
Disadvantages of investing overse...,
Name four ways to gain access to ...
4
cards
Chapter A2: Infrastructure projects
How to invest in infrastructure 3,
What risks surround infrastructur...,
Risk characteristics of infrastru...
3
cards
Chapter 12: Basic economic variables
What are the main economic variab...,
What happens when the government ...,
What happens with an expectation ...
6
cards
Chapter 12: Bond yield curve
What does the yield curve represent,
Name and explain the four theorie...,
Factors influencing the yield curve
3
cards
Chapter 12: Supply and demand
What factors influence the demand...,
What factors influence the supply...,
What is the relationship between ...
3
cards
Chapter 13: Valuation of investments
What are the 8 main types of valu...,
Explain what is meant by market v...,
What are the main problems with m...
26
cards
Chapter 14: Relationship between returns on asset classes
What is required return and what ...,
What are the main risks in the eq...,
What are the main risks in the eq...
10
cards
Chapter 15: Investment strategy for institutions and individuals
List 4 measurements of risk,
What influences the risk appetite...,
Factors influencing investing str...
4
cards
Chapter 16: Asset liability management
What features of liabilities shou...,
What are net liabilities,
What is the difference between pu...
12
cards
Chapter 18: Modelling
What is a model,
How do actuaries use models 6,
What is a deterministic model
13
cards
Chapter 19: Data
What is personal data,
What are the consequences of brea...,
One example of how data can be us...
24
cards
Chapter 20: Setting assumptions
What factors to consider when set...,
Name two types of assumptions,
For what can data be adjusted to ...
7
cards
Chapter 21: Mortality and morbidity
Why do insurers divide lives into...,
What is selection,
How are homogenous groups formed
6
cards
Chapter 22: Expenses
Name 4 categories of expenses,
What does business volume mean,
Name two ways expenses can be all...
5
cards
Chapter 23: Contract design
Who are the parties involved in c...,
What influences the needs of a pr...,
What to consider surrounding bene...
15
cards
Chapter 24: Pricing and financing strategies
0
cards
Chapter 25: Risk governance
What are the six stages in the ri...,
What is involved in the risk iden...,
What is involved in the risk clas...
11
cards
Chapter 26: RIsk identification and classification
List techniques available to iden...,
What are the 5 steps to identify ...,
What is the expected outcome of a...
18
cards
Chapter 27: Financial product and benefit scheme risk
Give two examples where benefits ...,
Give two examples where contribut...,
List benefit risks for a db scheme 7
7
cards
Chapter 28: Accepting risk
Define risk appetite,
Define risk profile,
Define risk limit
9
cards
Chapter 29: Risk measurement and reporting
Define 5 ways in which risks can ...,
What are the steps involved in sc...,
Where is stress testing mostly used
10
cards
Chapter 30: Risk transfer
Who is the cedant direct writer,
What is a treaty,
What is facultative reinsurance
37
cards
Chapter 31: Other risk controls
Name 5 ways risks can be diversified,
What is reciprocal quota share re...,
What are the two processes involv...
10
cards
Chapter 32: Provisions
What are provisions,
What are the reasons for setting ...,
Why set up global provisions
17
cards
Chapter 33: Valuation of liabilities
What are the three approaches to ...,
What is the most important aspect...,
Explain what the discounted cash ...
11
cards
Chapter 34: Accounting results
What are the four main concerns w...,
What can be obtained from the com...,
What factors should be considered...
7
cards
Chapter 35: Solvency and closure
What regulatory framework is in p...,
What intervention can the regulat...,
What happens when an insurer closes
8
cards
Chapter 36: Capital Management
What is capital,
What different types of capital d...,
Why do individuals hold capital
8
cards
Chapter 37: Capital requirement
What is regulatory capital,
Name the 3 pillars of solvency ii,
Discuss what is meant under pilla...
12
cards
Chapter 38: Surplus management
What is the difference between su...,
What is surplus arising,
Why does a provider want to analy...
12
cards
Chapter 39: Monitoring
What are the reasons to monitor,
How to perform a monitor analyse ...,
Why is care needed when using a m...
3
cards
Past Exam Questions
Economic influences of bond yields,
Why would bonds outperform equities,
How can government influence the ...
7
cards
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A311 Actuarial Risk Management
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