ARM FINAL REVISION

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Decks in this class (40)

stakeholders
Structure to answer acc related q...
1  cards
External Envionment
Importance of climate change to i...,
List some economic factors,
Compare and contrast bettwen mutu...
5  cards
Regulation
Define self regulation,
Ad and disad of self regulation,
Incentive for self regulation
13  cards
Financial Products And Customer Needs
What to consider when outlining c...,
Considerations of choosing annuit...,
Why take lump sum rather than inv...
9  cards
Benefits Overview And Provider Of Benefits
Why not set withdrawal reserves,
Why might a company lose market s...,
What can we do to grab market shares
8  cards
Life Insurance
What needs are not covered by ter...,
Define renewable,
Define reviewable
5  cards
Health Insurance
Four types of health insurance
1  cards
General Insurance
Cover in motor insurance,
Cover in household insurance,
How is office premium calculated
7  cards
Banking
Six types of banks,
Roles of banks,
What can government do to ensure ...
3  cards
Bonds And Money Markets
What do you get in unit linked an...,
Reasons for holding cash,
Seven types of money market instr...
4  cards
Equity Markets
What is erp and factors affecting it,
Assumptions for dividend discount...,
Reasons for different actual equi...
9  cards
Property
Six factors of prime property,
Rental yield,
Factors influencing level of yield
9  cards
Other Investments
Ideas on open ended scheme,
Ideas on close ended schemes,
Reasons for investing overseas
7  cards
Behaviour Of Markets
Anti selection,
Moral hazard,
The four theories of yield curve
4  cards
Valuation Of Investments
Advantages and disadvantages of m...,
Valuation methods for investments
2  cards
Relationship Between Returns On Asset Classes
Required return,
Expected return,
Require return
4  cards
Choosing Investment Strategy
Factors for investment strategy,
2  cards
Investment Management
Why passive portfolio will not pr...,
Mwrr and twrr,
Tactical asset allocation and fac...
14  cards
Asset-liability Management
Regulations on investments strate...,
How to manage existing capital by...,
How to manage existing capital by...
4  cards
Modelling
Steps for modeling,
What is sensitivity analysis and ...,
Define stochastic modeling
8  cards
Data
What is data governance,
Data governance s influence on gu...,
Define what is big data
11  cards
Assumptions
Main assumptions for any product,
List 9 investigations to perform ...,
Factors to be considered in setti...
3  cards
Mortality And Morbidity
1  cards
Expenses
Reasons for analysis of expense,
Reasons for high expense ratio,
Why actual expenses incurred migh...
3  cards
Contract Design
Why do we want to launch a product,
All contract design factors
2  cards
Pricing And Financing
Why the insurer might charge a di...,
Define funded on a pay as you go ...,
How might demographic affect stat...
5  cards
Risk Governance
Benefits of risk management,
Advantages of managing risk at th...,
Advantages of managing risk at th...
4  cards
Risk Identiication And Classification
Process of identification and eva...,
Techniques in risk identification,
Define operational risk
11  cards
Financial Product And Benefit Scheme Risks
List all financing methods,
Advantage of funding in advance,
Disadvantage of funding in advance
3  cards
Accepting Risk
A risk is insurable if,
Desirable criteria for insurable ...,
Define risk appetite
5  cards
Risk Measurement And Reporting
Advantages of regular risk reporting,
Ad and disad of using var,
Define deterministic model
6  cards
Risk Transfer
Define eml,
Why eml may be used,
Benefits of reinsurnace
12  cards
Other Risk Controls
Why we apply limited underwriting...,
Importance of underwriting in ris...,
Reasons for less strict underwrit...
3  cards
Provisions
1  cards
Valuation Of Liabilities
Define mark to market approach,
How will the inflation rate disco...,
How do we value a guarantee
3  cards
Reporting Results
Reasons for large deficits to hap...,
Define historic book value,
Define written book value
13  cards
Insolvency And Closure
Considerations for setting discon...,
In case of serious financial posi...,
Describe closure to new business ...
4  cards
Capital Requirements And Capital Management
What is a risk solvency regime,
Define capital management,
Capital is needed by individuals to
20  cards
Surplus And Surplus Management
Reasons for managing profits,
How can reported profits by changed,
Reasons for analysis of surplus
5  cards
Monitoring
Indicators to look for at the ini...,
Importance of monitoring,
Reasons for monitoring
7  cards

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ARM FINAL REVISION

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