This class was created by Brainscape user Sanjay Jeram. Visit their profile to learn more about the creator.
By:
Sanjay Jeram
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Decks in this class (40)
CH:0 Actuarial control cycle
List 7 applications of the acc,
List the 3 stages and 2 inputs to...,
List what to consider under speci...
7
cards
CH:1 Actuarial advice
List 9 areas in which actuaries c...,
List 8 areas in which actuaries c...,
List 6 areas in which actuaries c...
8
cards
CH:2 External environment
What is the difference between le...,
List four examples of how benefit...,
Explain what a mutual society is
6
cards
CH:3 Regulation
Why do financial services need st...,
Aims of financial regulation,
Examples of direct regulatory cos...
11
cards
CH:4 Introduction to financial products & customer needs
Be able to identify customer needs
4
cards
CH:5 Benefit overview & providers of benefits
Main providers of benefits footno...,
What are the main objectives of t...,
What are the main objectives of t...
3
cards
CH:6 Life insurance products
What are the key features of life...,
How is profit calculated for a li...,
Key risks to consider with i cont...
17
cards
CH:7 Health insurance products
What are the key features of shor...,
What are the key features of long...,
Main types of healthcare products...
9
cards
CH:8 General insurance products
What are the key features of gene...,
What is the aim of general insura...,
Define indemnity and give example...
11
cards
CH:9 Bond and money markets
Outline three situations when ind...,
What does the size of the inflati...,
Qwrite down an equation stating t...
5
cards
CH:10 Equity and property markets
What are the advantages of listed...,
What are four practical reasons f...,
List three reasons for the correl...
6
cards
CH:11 Other investment classes
6 features of investment trust co...,
6 key features of unit trusts,
Disadvantages of collective inves...
11
cards
CH:12 Behaviour of the markets
What are the main economic variab...,
Name and explain the four theorie...,
What factors influence the demand...
9
cards
CH:13 Valuation of investments
What are the 8 main types of valu...,
Explain what is meant by fair value,
What is the advantages of market ...
9
cards
CH:14 Relationship between returns on asset classes
What is the formulae for required...,
What is the formulae for expected...,
What is the condition for require...
4
cards
CH:15 Choosing an appropriate investment strategy
List 4 measurements of risk,
What influences the risk appetite...,
Factors influencing investing str...
4
cards
CH:16 Asset-liability management
What influences the level of mism...,
What is the use of free assets,
How does the regulator influence ...
7
cards
CH:17 Investment management
Explain tactical asset allocation,
What needs to be considered befor...,
Explain risk budgeting
11
cards
CH:18 Modelling
How do actuaries use models footn...,
What is a deterministic model,
Qwhat are the advantages and disa...
11
cards
CH:19 Data
List seven examples of sensitive ...,
What risks are associated with th...,
List six areas of actuarial work ...
5
cards
CH:20 Setting assumptions
What are the key factors affectin...,
What are the sources of data,
When using past data the actuary ...
9
cards
CH:21 Mortality and morbidity
How do providers identify the cha...,
What factors affect heterogeneity...,
What are the 5 forms of selection
8
cards
CH:22 Expenses
What are the types of expenses,
Explain direct vs indirect expenses,
Expenses need to be allocated by
7
cards
CH:23 Contract design
What are the main factors to cons...,
What influences the needs of a pr...,
What is the difference between su...
4
cards
CH:24 Pricing and financing strategies
What is the difference between th...,
List other factors to consider wh...,
Give 5 reasons why the price char...
6
cards
CH:25 Risk Governance
What are the steps to the risk ma...,
What are the benefits of effectiv...,
What is systematic risk
9
cards
CH:26 Risk Identification and classification
What are risk identification tech...,
What is the 6 main risk categories,
List the 3 divisions of market risk
8
cards
CH:27 Financial product and benefit scheme risks
What is the risk to the beneficia...,
What is the risk to the provider ...,
What would cause insufficient fun...
7
cards
CH:28 Accepting risk
Define risk appetite,
How do boards express their risk ...,
What is needed in order to retain...
7
cards
CH:29 Risk measurement and reporting
What are the 2 key features to be...,
What are the 2 typically used app...,
What are the steps in scenario an...
10
cards
CH:30 Risk transfer
What are the choices when faced w...,
What will the choice of mitigatio...,
What factors will affect the exte...
13
cards
CH:31 Other risk controls
How can risks be managed through ...,
How can underwriting be used to m...,
What are the 3 underwriting proce...
4
cards
CH:32 Provisions
What are the reason for calculati...,
What is the purpose to calculate ...,
What factors affect the strength ...
3
cards
CH:33 Valuation of liabilities
What are the approaches that can ...,
What are the 2 methods for fair v...,
Why would an option not be exerci...
7
cards
CH:34 Reporting results
What reports could accompany acco...,
What ratios can be used to analys...,
What information should benefit s...
4
cards
CH:35 Insolvency and closure
Why do insurance companies rarely...,
What are the steps a regulator wi...,
If there is an acquiring company ...
8
cards
CH:36 Capital Management
Capital is needed by companies to,
What are the sources of capital f...,
Why do financial product provider...
5
cards
CH:37 Capital requirements
A provider of financial benefits ...,
What are the 3 pillars for solven...,
What are the 2 levels of capital ...
10
cards
CH:38 Surplus and surplus management
What is surplus arising,
What are the reasons for performi...,
What are the sources of surplus
7
cards
CH:39 Monitoring
Why is the reasons for monitoring...,
Why should the results from analy...,
What allowances should be made fo...
4
cards
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CA1
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