Actuarial Risk Management CA1

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

Decks in this class (57)

Chapter 0: CA1
5 nodes of the actuarial control ...,
Key topics under the general comm...,
Key topics when specifying the pr...
26  cards
Chapter 1, 2 - Professionalism & Stakeholders
Professional role of an actuary,
What do actuaries need to be able...,
Skills necessary to perform the a...
42  cards
Chapter 3 - External Environment
List 15 external environment cons...,
External environment legislation ...,
External environment state benefits
22  cards
Chapter 4: Regulation
Main arguments concerned with reg...,
Direct costs of regulation,
Indirect costs of regulation
29  cards
Chapter 5: Intro to financial products and customer needs
Benefits can be categorised as 4,
What are the 5 types of benefit p...,
5 financial product categories
20  cards
Chapter 6: Providers of Benefits
Defined benefit scheme,
Defined contribution scheme,
Defined ambition
20  cards
Chapter 7: Life insurance overview and life products
Pure endowment endowment assurance,
Whole life assurance,
Term assurance
14  cards
Chapter 8: General insurance overview and general insurance products
Liability insurance,
Motor 3rd liability insurance,
Public liability insurance
26  cards
Chapter 9: Cashflows of simple products
Cashflows,
Cashflow projection,
Payments from the provider immedi...
14  cards
Chapter 10: Contract design
Contract design factors,
Parties involved in contract desi...,
3 influences on clients actual needs
34  cards
Chapter 11: Project Management
Key factors in managing a success...,
7 policies contained in the writt...,
Project owner sponsor
12  cards
Chapter 12: Capital Project Appraisal
Capital project,
Main purpose of initial capital p...,
Criteria for initial appraisal ar...
30  cards
Chapter 13: Money Markets
Money market instruments can be i...,
4 types of bank deposits,
Call deposits
15  cards
Chapter 14: Bond Markets
Bond,
Bonds are described by 2,
Gilts
16  cards
Chapter 15: Equity Markets
Ordinary share,
Investment and risk characteristi...,
Quoted shares
12  cards
Chapter 16: Property Markets
System t,
Property,
Direct property investment
27  cards
Chapter 17: Futures and options
Derivative,
Forward contract,
Futures contract
22  cards
Chapter 18: Collective investment schemes
Collective investment schemes cis,
2 types of cis,
Close ended cis
18  cards
Chapter 19: Overseas Markets
3 main reasons to hold foreign as...,
How would foreign assets increase...,
Fundamental drawbacks of overseas...
21  cards
Chapter 20: Economic influences on investment markets
Short term interest rates are det...,
6 main factors affecting bond yield,
Level of the equity market is det...
36  cards
Chapter 21: Other influences on investment markets
Equity market supply,
Main reasons for the demand of an...,
What factors influence the invest...
9  cards
Chapter 22: Relationship between returns on asset classes
Return that investors as a whole ...,
Expected return can be analysed as,
Capital growth occurs due to 2
11  cards
Chapter 23: Valuation of individual investments
8 valuation methods,
Fair value,
What are the characteristics of m...
27  cards
Chapter 24: Valuation of asset classes and portfolios
Expected return on government bonds,
Expected return on corporate bonds,
Expected return on equities
29  cards
Chapter 25: Investment strategy - Institutions
4 definitions of risk,
3 items influencing risk apetite ...,
4 main features of liabilities th...
14  cards
Chapter 26: Investment strategy - Individuals
6 main factors an individual shou...,
Characteristics of individuals in...,
Their cashflow requirements
12  cards
Chapter 27: Developing and investment strategy (1)
Principles of investment,
In practice the actual liability ...,
Liability outgo can be split by n...
18  cards
Chapter 28: Developing and investment strategy (2)
Active investment strategy,
Passive investment strategy,
Historic tracking error
39  cards
Chapter 29: Modelling
Requirements of a good model,
Dynamic model,
Steps involved in running a deter...
23  cards
Chapter 30: Data
Main uses of data,
2 main sources of data,
Poor data can be due to 2
14  cards
Chapter 31: Setting assumptions
5 key factors affecting the choic...,
When having past data the actuary...,
Features that can make a contract...
19  cards
Chapter 32: Expenses
Fixed expenses,
Variable expenses,
Direct expenses
19  cards
Chapter 33: Pricing and Financing Strategies
Cost of benefits,
Premiums should be calculated as,
Premiums contributions should all...
25  cards
Chapter 34: Discontinuance
Overriding principle in determini...,
4 factors for the insurer to cons...,
In setting discontinuance benefit...
37  cards
Chapter 35: Valuing liabilities
Provisions,
3 bases,
Best estimate basis
35  cards
Chapter 36: Valuing liabilities (2)
2 sets of approaches to valuing a...,
Discounted cashflow approach,
Stochastic deflators
18  cards
Chapter 37: Accounting and disclosure
Interpreting accounts 5,
4 ratios to analyse insurance acc...,
Disclosure of benefit schemes cou...
20  cards
Chapter 38: Surplus and Surplus Management
Profit,
Surplus,
Surplus arising
39  cards
Chapter 39: Sources of Risk
6 major types of risk faced by a ...,
4 financial risks,
2 non financial risks
59  cards
Chapter 40: Risks in benefit schemes
The risks may relate to the level...,
Key risks to the beneficiary 2,
Key risks to the sponsor 2
38  cards
Chapter 41: Pricing and insuring risks
Risk classification,
Risk classification helps the pro...,
Risk appetite may relate to
20  cards
Chapter 42: Risk management process (1)
Risk management,
The risk management process consi...,
Risk management process risk iden...
27  cards
Chapter 43: The Risk Management Process (2)
Risk measures asset risks,
Risk measures liability risks,
Risk measures value at risk
23  cards
Chapter 44: Risk management tools (1)
Main benefits of reinsurance,
2 main types of reinsurance,
Proportional reinsurance
43  cards
Chapter 45: Risk Management tools (2)
Risks can be managed through dive...,
Underwriting,
6 ways in which underwriting can ...
29  cards
Chapter 46: Capital Management
Capital management,
Capital needs individuals,
Capital needs companies
33  cards
Chapter 47: Capital Management (2)
Regulatory solvency capital requi...,
The basel accord,
3 pillars of solvency ii
29  cards
Chapter 48: Monitoring
3 reasons for monitoring experience,
3 reasons why it may be desirable...,
Data required for modelling
16  cards
Glossary
Yes, you do need to study the glossary in CA1. I have even come across entire questions in fellowship papers that are built around a single glossary definition (lookup "protected NCD" in ASSA's F103).
184  cards
Past Exam Questions
Investment strategy main consider...,
Main characteristics of a defined...,
Main characteristics defined cont...
68  cards
QA Bank Part 1
Outline areas of a life insurance...,
Principle of proportionality,
Principle of materiality
43  cards
QA Bank Part 2
Income protection contract,
Critical illness contract,
Long term care contract
15  cards
QA Bank Part 3
Project owner sponsor,
Project manager,
Role of the investment submission
13  cards
QA Bank Part 7
4 advantages of a deterministic m...,
3 advantages of a stochastic model,
Steps in developing and applying ...
43  cards
QA Bank Part 8
Define provisions,
10 reasons for calculating provis...,
7 factors that will influence the...
20  cards
QA Bank Part 9
Credit risk,
4 examples of credit risk,
Liquidity risk
76  cards
Chapter X - Health Insurance
What is health,
What are the roles of the state i...,
Who are the stakeholders of healt...
13  cards

More about
Actuarial Risk Management CA1

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Bassie .'s Actuarial Risk Management CA1 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?

Make Flashcards