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R M
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Decks in this class (38)
Mnemonic practice
0
cards
Syllabus objectives
0
cards
Extra cue cards
Explain the workings of a current...,
Describe the operation of an asse...,
Outline how the following types o...
5
cards
A1: Banking
What is the role of banks,
What are the types of banks in so...,
Traditional deposit taking comerc...
12
cards
Chapter 0: What is A311 all about
Risk management,
Processes involved in risk manage...,
What makes thr acc a control
12
cards
Chapter 1: Actuarial Advise
Some questions to keep in mind wh...,
Types of advise,
Indicative advise
6
cards
Chapter 2: External environment
Legislation,
Regulation,
Explain the following types of st...
11
cards
Chapter 3: Regulation
Name reasons why regulation is ne...,
State reasons why financial marke...,
Who benefits from regulation
32
cards
Chapter 4: Introduction to financial products & Customer needs
Name and explain the broad catego...,
State the types of provision give...,
What is a means test what can it ...
22
cards
Chapter 5: Benefits overview and providers of benefits
What is the role of companies in ...,
What is the role of pension schem...,
Who are the key providers of benefit
44
cards
Chapter 6: Life insurance products
Key features of life insurance co...,
What is one of the key focus of c...,
Formula for calculating profits i...
32
cards
Chapter 7: Health Insurance products
What does healthcare legislation ...,
Indemnity cover,
State benefit cover
30
cards
Chapter 8: General Insurance products
Key features of a general insuran...,
Short tailed businesses,
Long tailed businesses
19
cards
Chapter 9: Bonds and money markets
Name the types of cash deposits,
Name the types of interest rate s...,
Key players in money markets
14
cards
Chapter 10: Equity and property markets
Reasons to hold back profits,
Of profits going to dividends pay...,
Reasons for share buybacks
23
cards
Chapter 11: Other investment classes
What is a collective investment s...,
Key distinction between a direct ...,
What are the benefits of using co...
27
cards
Chapter 12: Behaviour of the markets
Comment on the following statemen...,
Describe the risk profile profile...,
Describe the risk profile profile...
22
cards
Chapter 13: Valuation of investments
Why do different investors use di...,
Advantage of using market consist...,
Valuation methods for individual ...
20
cards
Chapter 14: Relationship between returns and asset classes
Required return,
Expected return formulae,
How comparison of required rate o...
7
cards
Chapter 15: Choosing an appropriate investment strategy
Ways of defining risk,
Examples of a fund s objectives,
What influences the risk profile ...
14
cards
Chapter 16: Asset-liability management
What do the principles of investm...,
Optimal matched position,
Net liability outgo
23
cards
Chapter 17: Investment management
Active investment management,
Passive investment management,
Tactical asset allocation
19
cards
Chapter 18: Modelling
What is a model,
Two main uses of models in actuar...,
Sensitivity analysis
22
cards
Chapter 19: Data
Personal data,
Eight conditiobs covering the pro...,
When is personal data considered ...
15
cards
Chapter 20: Assumptions
Considerations for when making as...,
Demographic vs economic assumptions,
Considerations to make when worki...
6
cards
Chapter 21: Mortality and morbidity
Risk classification,
`,
Merits of a mortality table with ...
11
cards
Chapter 22: Expenses
Examples of expenses of financial...,
Classes of expenses,
In the long term what do staff ex...
11
cards
Chapter 23: Contract design
0
cards
Chapter 24: Pricing and financing
0
cards
Chapter 25: Risk governance
What is an important input in the...,
What is risk management,
3
23
cards
Chapter 26: Risk identification and classification
Main categories of risks,
Market risk,
What can market risks be divided ...
15
cards
Chapter 27: Financial product and benefit schemes risks
What causes uncertainty and risk ...,
Risk to the beneficiary in a bene...,
Key risks to the provider in a be...
24
cards
Chapter 28: Accepting risk
Risk appetite,
Risk profile,
Risk limits
7
cards
Chapter 29: Risk measurement and reporting
Features of a risk that would mak...,
Single event insurance,
Ways to allow for operational ris...
37
cards
Chapter 30: Risk transfer
Choices faced by each stakeholder...,
How does a stakeholder evaluate e...,
What will the extend to which a s...
34
cards
Chapter 31: Other risk controls
Controls for management of risks ...,
What can risks be diversified within,
Why would an insurer reject a pro...
12
cards
Chapter 32: Provisions
Provisions,
Best estimate,
Reasons why a provider would want...
7
cards
Chapter 33: Valuation of Liabilities
1
cards
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Actuarial Risk Management
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