This class was created by Brainscape user Ioanna Stylianou. Visit their profile to learn more about the creator.
By:
Ioanna Stylianou
- decks
- flashcards
- learners
Decks in this class (40)
CH0 - What is subject CP1 all about
What is the actuarial control cycle,
What 5 processed does the actuari...,
What makes the actuarial control ...
11
cards
CH1 - Actuarial advice
Possible clients that actuaries a...,
Possible clients that actuaries a...,
Describe how stakeholders other t...
10
cards
CH2 - External environment
Legislation and regulations 3,
State benefits 5,
Tax 3
14
cards
CH3 - Regulation
Principal aims of the regulation ...,
Direct costs 2,
Indirect costs 5
17
cards
CH4 - Financial products & customer needs
Categories for benefits 5,
Types of provision 5,
Social security benefits
14
cards
CH5 - Providers of benefits
Types of schemes 3,
Defined benefit sheme,
Defined contribution scheme
11
cards
CH6 - Life insurance products
Pure endowment,
Endowment assurance,
Whole life assurance
18
cards
CH7 - General insurance products
Liability insurance,
Main types of liability insurance,
Employers liability
15
cards
CH8 - Bond and money markets
Cash on deposit instruments inclu...,
Money market instruments can be i...,
Main players in the money markets 3
10
cards
CH9 - Equity and property markets
Investment and risk characteristi...,
Characteristics of quoted shares 3,
Why use industry groupings to cat...
10
cards
CH10 - Other investment classes
Collective investment schemes csis,
Two types of collective investmen...,
Regulation of collective investme...
24
cards
CH11 - Behaviour of the markets
Risk profile of asset classes lik...,
Supply and demand asset prices,
Interest rates and the government
16
cards
CH12 - Valuation of investments
Valuation methods for individual ...,
Market values vs calculated value...,
Market values vs calculated value...
12
cards
CH13 - Relationship between returns
Required return formula,
Expected return formula,
Required return vs expected return
8
cards
CH14 - Choosing an investment strategy
Define risk in 4 ways,
The risk appetite of an instituti...,
Factors influencing an institutio...
7
cards
CH15 - Asset-liability management
The actual liability outgo in any...,
4 categories of liability outgo c...,
Free assets or surplus can benefit 2
22
cards
CH16 - Investment management
Active investment management,
Passive investment management,
Tactical asset allocation 4
16
cards
CH17 - Modelling
Finding a model 3 5,
Operational issues to consider 8,
Key steps in developing and runni...
20
cards
CH18 - Data
Data risks 6 queried,
Main sources of data 2,
Reasons for poor data 2
6
cards
CH19 - Setting assumptions
Key factors affecting the choice ...,
Main sources of data used for det...,
When using past data the actuary ...
12
cards
CH20 - Mortality and morbidity
Principal factors contributing to...,
Selection definition and 5 main f...,
Temporary initial selection
21
cards
CH21 - Expenses
Types of expenses 2 2,
Fixed vs variable expenses,
Direct vs indirect expenses
14
cards
CH22 - Contract design
Factors to be considered in deter...,
Exam tip indications in questions...,
Parties involved in contract desi...
47
cards
CH23 - Pricing and financing
Cost vs price,
Factors taken into account for ad...,
Factors influencing the price 4
20
cards
CH24 - Risk governance
Risk management,
Key steps for the management of r...,
Risk identification
21
cards
CH25 - Risk identification & classification
Identifying all the risks in an o...,
Who should be involved in identif...,
Techniques available to ensure th...
36
cards
CH26 - Financial product and benefit scheme risks
Risks and uncertainties,
Risks to the beneficiary 2,
Possible reasons why the benefits...
44
cards
CH27 - Accepting risk
Risk appetite may be related to 2,
Risk efficient market,
Insurable risk 3
13
cards
CH28 - Risk measurement & reporting
Risk qualification,
Evaluation of risks scenario anal...,
Evaluation of risks stress testing
19
cards
CH29 - Risk transfer
When faced with a risk each stake...,
The choice of mitigation approach...,
The extent of risk transfer will ...
20
cards
CH30 - Other risk controls
Risk can be managed through diver...,
Ways that underwriting can be use...,
Life insurance initial underwriti...
9
cards
CH31 - Provisions
Provisions,
Reasons for calculating individua...,
Global provisions
25
cards
CH32 - Valuation of liabilities
Discounted cashflow approach for ...,
Market related approaches to valu...,
Fair value
11
cards
CH33 - Reporting results
Main accounting concepts commonly...,
In analysing accounts attention s...,
Reports accompanying accounts
9
cards
CH34 - Insolvency and closure
Insurance companies rarely become...,
If the insurers financial positio...,
It will be important to project t...
9
cards
CH35 - Capital management
Capital management of a financial...,
Capital needs individuals 2,
Capital needs companies 5
10
cards
CH36 - Capital requirements
A regulatory solvency capital req...,
Solvency ii,
Solvency ii levels of capital req...
11
cards
CH37 - Surplus & surplus management
Profit,
Surplus,
Reasons for performing an analysi...
3
cards
CH38 - Monitoring
Reasons for monitoring experience 3,
Data required for monitoring,
Analysis process statistical factors
10
cards
General terms
Accrual rate,
Accrued benefits,
Accumulation of risk
180
cards
More about
Actuarial Practice
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Ioanna Stylianou's Actuarial Practice flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
CP1 Actuarial Practice
- 28 decks
- 712 flashcards
- 38 learners
Decks:
Chapter 0 Introduction To Subject Cp1, Chapter 1 Actuarial Advice, Chapter 2 External Environment, And more!
Actuarial Risk Management CA1
- 57 decks
- 1656 flashcards
- 552 learners
Decks:
Chapter 0 Ca1, Chapter 1 2 Professionalism Stakeholders, Chapter 3 External Environment, And more!
