Actuarial Risk Management

This class was created by Brainscape user Kevin Hendriks. Visit their profile to learn more about the creator.

Decks in this class (26)

0 - Actuarial control cylce
Give the processes that are invol...,
Give the steps involved in the ac...
2  cards
1 - Actuarial advice
Who are the stakeholders that act...,
What information about a client s...,
Give the different types of advic...
11  cards
2 - External environment
Name the factors of the external ...,
What are state benefits,
Explain how tax can be charged on...
16  cards
3 - Regulation
Give the principle aims of regula...,
Give the direct costs of regulation,
Give the indirect costs of regula...
18  cards
16 - Asset-Liability Management
Give the factors that a provider ...,
What are the components or overal...,
Liability outgo in a period depen...
16  cards
17 - Investment Management
Define active investment management,
Define passive investment management,
Give the main risks of active man...
27  cards
18 - Modelling
Give the different sources of mod...,
What characteristic of actuarial ...,
How do we assess the variability ...
29  cards
19 - Data
What is the main concern of using...,
List the eight conditions of the ...,
Describe the popi act condition o...
38  cards
20 - Setting Assumptions
Which characteristics of cashflow...,
Which characteristics of cashflow...,
List the demographic assumptions ...
32  cards
21 - Mortality and morbidity
When is it appropriate to set the...,
Give an example of a type of cove...,
If the individual assessment of r...
21  cards
25 - Risk Governance
Define risk management process,
Give the steps that make up the r...,
Give the concerns that the identi...
19  cards
26 - Risk Identification and Classification
Give the key factors to understan...,
Describe the main techniques used...,
Give the project management risk ...
19  cards
28 - Accepting Risk
Explain why a market for risk exists,
How is risk efficiency defined,
How are regulators involved in th...
21  cards
29 - Risk Measurement and Reporting
How are risks quantified,
Why is it difficult to model low ...,
How is operational risk usually q...
36  cards
30 - Risk Transfer
Give the possible mitigation resp...,
How can a financial provider avoi...,
What is an important point to get...
30  cards
31 - Other Risk Controls: Retained Risks
Explain the issue with diversific...,
Within which areas can diversific...,
What is the main aim of underwriting
16  cards
32 - Provisions
How are risk management and provi...,
Why does a firm want to reduce it...,
Describe the relationship between...
24  cards
33 - Valuation of Liabilities
Give the different approaches ava...,
Give the key assumption when usin...,
Under which scenario is a discoun...
28  cards
34 - Reporting Results
List the important accounting con...,
When analysing accounts attention...,
Outline what information can be f...
17  cards
35 - Insolvency and Closure
Under which circumstances is a fi...,
Why is it unlikely for an insuran...,
Give strategies that the regulato...
18  cards
36 - Capital Management
What does capital management of a...,
Give the capital needs of individ...,
Give the capital needs of a company
21  cards
37 - Capital Requirements
What are the two components of re...,
What is the use of the additional...,
Give the components of the pruden...
30  cards
38 - Surplus and Surplus Management
Give the considerations needed wh...,
Define profts,
Define surplus
21  cards
39 - Monitoring
Give the reasons for monitoring e...,
Give the data requirements for ex...,
Describe the analysis process for...
21  cards
Banking Overview
List the general characteristics ...,
List the key risks that banks face,
Give the two major trends that af...
23  cards
40 - Definitions
Provision,
Reserve,
Accrual rate
181  cards

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Actuarial Risk Management

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Actuarial Risk Management CA1
  • 57 decks
  • 1656 flashcards
  • 551 learners
Decks: Chapter 0 Ca1, Chapter 1 2 Professionalism Stakeholders, Chapter 3 External Environment, And more!
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