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Gabbi Knipe
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Decks in this class (29)
Part 4 questions
Reducing strain on regular premiu...
1
cards
Revision
Policy data checks,
Reasons for underwriting,
Product features
10
cards
Lists
Listthe factors that affect the l...,
Aspects of insurance company mana...,
Aspects to considerthe general bu...
15
cards
Life insurance products (1)
Describing the main types of life insurance products, their benefits and the bases they're written on
12
cards
4 - Basis of products
Name the main 4 bases of products,
Implacations based on the type of...,
The risk carried by the insurer f...
23
cards
5 - Income Protection
Overviewincome protection policie...,
What is permanent about phi,
Ip insurancemain needs addressed
24
cards
6 _ Critical Illness
Ci coveroverview of benefits,
Ci covermeeting customer needs wh...,
Ci covermeeting customer needs si...
14
cards
7 - LTCI
Definitionlong term care,
The cost of care can be divided b...
2
cards
9-10 Profit distribution
Contribution method how to calcul...,
Contribution method overview,
What are the three methods of bon...
20
cards
General business environment (11-12)
Two approaches to taxation,
The profits tax approach,
Investment income tax approach
22
cards
Risks (13-15)
Lists all therisks 3 accronyms,
Risksnew business mix by nature a...,
Risksnew business mix by nature a...
21
cards
Unit pricing (16)
Recapunit linked products,
Simple way of calculatingunit price,
What is aninternal unit linked fund
16
cards
Actuarial Funding (17)
Purpose of actuarial funding,
For what kind of product design w...,
The problem that would arise with...
13
cards
Modelling (18-19)
State therequirements of a good m...,
What is a model point,
Choosing model points
32
cards
Product design (20)
Product design factors 20,
To what do these factors apply,
Profitability
16
cards
21 Assumptions
A basic methodology for setting a...,
Obtaining best estimate assumptio...,
Obtaining best estimate assumptio...
19
cards
22 Assumptions per purpose and embedded values
Valuing life insurance contracts ...,
Valuing life insurance contracts ...,
Valuing life insurance contracts ...
21
cards
Supervisory reserves and capital requirements
What are the thee methods for cal...,
Market consistent approach as app...,
Purposes of reserves
27
cards
25 Surrender values
Chapter summary,
How do reserves change over the p...,
Why are there no surrender values...
21
cards
Alterations (26)
Different types of alterations,
Principles for carrying out alter...,
2 methods of performing policy al...
12
cards
27 Cost of Guarantees and Options
How is investment return guarante...,
Investment guaranteesexamples,
Investment guaranteesimplications...
14
cards
28 Pricing health and care contracts
Income protection methods of pricing,
Income protectionmulti state mode...,
Income protection
12
cards
29 Types of reinsurance
Definitionreinsurance,
The main types of reinsurance con...,
Original terms coinsurance reinsu...
13
cards
30 Reinsurance
The reasons for reinsuring,
Considerations before reinsuring ...,
Considerations before reinsuring ...
14
cards
31 Underwriting
Definition related risksunderwriting,
How underwriting manages risk,
Four main types of underwriting
19
cards
32 Policy data checks
0
cards
33 Investment
Investment principles
1
cards
34 Further risk management
Expense control,
How can the current cost base be ...,
Policy retention activity
11
cards
35 Monitoring experience
Reasons for monitoring experience,
Data requireddata grouping,
Data requiredbig data
16
cards
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F102
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