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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
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Actuarial Risk Management CA1
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