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

Decks in this class (32)

Chapter 0 - Intro to health & care
Key features of short term products,
Key features of long term products,
Types of underwriting
11  cards
Chapter 1 - Health and care insurance products (PMI & other health related products)
The product cycle,
How can insurers manage claim costs,
By developing relationships with ...
24  cards
Chapter 2 - Health and care insurance products (Critical illness insurance)
Critical illness insurance,
Characteristics of conditions ins...,
Terminal illness
9  cards
Chapter 3 - Health and care insurance (Long term care)
Long term care,
How is the cost of long term care...,
Types of long term care cover
15  cards
Chapter 4 - Health and care insurance (Group products)
Term of group products,
Who is the policyholder in group ...,
Why is there group insurance
17  cards
Chapter 5 - Healthcare
Define healthcare,
Requirements of the who well func...,
Primary care
40  cards
Chapter 6 - Product design and stakeholder interests (1) Customer interests
What are the main product design ...,
What needs do health and care ins...,
What are the main needs of pmi
26  cards
Chapter 7 - Product design and stakeholders needs (2) Other stakeholders
What are the insurers primary int...,
What are the targets that have to...,
Customer acceptability and how th...
30  cards
Chapter 8 - Distribution channels
Types of distribution channels,
Insurance intermediaries,
What is mis selling
20  cards
Chapter 9 - The general business environment
Selling characteristics of pmi,
Selling characteristics ltci,
How does the state provide incent...
13  cards
Chapter 10 - Risk adjustment
Demographic risk adjustment factors,
Clinical risk adjustment factors,
Health related behaviour risk adj...
12  cards
Chapter 11 - State healtcare provision
Objectives of state health provision,
What do the objectives of the pro...,
What are the overall objectives o...
28  cards
Chapter 12 - Modelling
What are the 4 main types of models,
What are the main uses of models,
What is the prime objective of bu...
21  cards
Chapter 13 - Data
What are the criteria that data m...,
What are the drawbacks to using p...,
What are the advantages of indust...
10  cards
Chapter 14 - Assumptions (1) - General considerations
When setting assumptions it is im...,
General process for setting assum...,
What does achieving consistency m...
21  cards
Chapter 15 - Assumptions (2) - Demographic assumptions
The expected future experience of...,
How would data for ling term heal...,
How does social and economic infl...
10  cards
Chapter 16 - Assumptins (3) - Financial assumptions
What are the ways in which an ins...,
The trend in pmi benefit amounts ...,
Types of expenses
19  cards
Chapter 17 - Assumptions (4) - Other assumptions
By what factors do the mix of new...,
What does the beta of the capm mo...,
What features can make a product ...
6  cards
Chapter 18 - GLM
What are explanatory variables,
What are response variables,
What are categorical values
26  cards
Chapter 19 - Pricing (1) - Individual business
What is the risk premium of a sho...,
What are the factors that need to...,
Why is data split into homogenous...
23  cards
Chapter 20 - Pricing (2) - Group business
Special characteristics of group ...,
Calculation of group insurance pr...,
What is experience rating when pr...
10  cards
Chapter 21 - Pricing (3) - Other considerations
What are the profit criteria that...,
What is net present value,
What is profit signature
14  cards
Chapter 22 - Pricing (4) - Options and guarantees
What are the common options in lo...,
What is the cost of an option,
What are the factors that affect ...
8  cards
Chapter 23 - Reserves and solvency capital requirements
What are the reasons for calculat...,
Types of reserves long term insur...,
Types of reserves held for short ...
26  cards
Chapter 24 - Nature of risks (1)
What are the 2 aspects of data risk,
Why even when data may be adequat...,
Why might internal data be inadeq...
13  cards
Chapter 25 - Nature of risks (2)
How does the offering of guarante...,
What are the steps an insurance c...,
Why would management not choose t...
12  cards
Chapter 26 - Nature of risks (3)
What are the main aims of the man...,
The aim of the actuary should be ...,
What are the problems that the ac...
4  cards
Chapter 27 - Managed care
What is managed care,
Give exapmles of managed care pro...,
What are the main objectives of m...
3  cards
Chapter 28 - Reisurance
The main reasons for using reinsu...,
What will health and care payouts...,
Which factors will determine the ...
43  cards
Chapter 29 - Other risk managment techniques
Ways other than reinsurance that ...,
Definition of underwriting,
What are the different levels of ...
30  cards
Chapter 30 - Investment
What are the principles of invest...,
What are the nature of benefit pa...,
What are the regulatory framework...
11  cards
Chapter 31 - Monitoring and feedback into the control cycle
Reasons for monitoring experience,
What is the data requirement for ...,
What dies it mean for data to be ...
21  cards

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F101

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