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

Decks in this class (17)

Life Assurance Products (1 – 3)
Customer needs,
Capital strain formula,
Asset share formula
34  cards
Health & Care Products (5 – 7)
Income protection products,
Ip benefits,
Ip needs
34  cards
Methods of Distributing Profits (8 – 10)
Asset share 7,
Asset share components 7,
Ways of distribution profits
18  cards
Management of Unit Linked Contracts (4, 16, 17)
Structural bases,
Unit linked needs,
Unit linked risks to insurer
19  cards
General Environment (11 – 12)
Main distribution channels,
Main distribution channels,
Contract pricing effects
14  cards
Models & Policy Data Checks (18 – 19, 32)
Prime objectives,
Requirements of a model,
Model point
26  cards
Pricing Health & Care Contracts (28)
Costing ip approaches 2,
Multi state modelling,
Inception disabled life annuity a...
7  cards
Risks (13 – 15)
Sources of risk 16,
Classification of risks,
Competitive decisions 5
14  cards
Product Design (20)
Why pd 2,
Factors to consider in pd,
Improve marketability 5
6  cards
Setting Assumptions (21 – 22)
Basic methodology,
Margins for prudence,
Assumptions
23  cards
Supervisory Reserves (23 – 24)
Reserves purpose,
Mechanics of reserve calculation,
Gross premium valuation method
11  cards
Reinsurance (29 – 30)
Reinsurance types,
Original terms,
Reasons for reinsurance
10  cards
Underwriting (31)
Purpose of underwriting,
Types of underwriting,
Medical underwriting sources
8  cards
Surrender Values & Alterations (25 – 27)
Principles for surrender values,
Calculation methods for surrender...,
Unit linked contracts surrender v...
5  cards
Cost of Guarantees (27)
Mortality options factors,
Assumptions for valuing mortality...,
Option take up rates
4  cards
Investment (33)
Investment strategy is nb,
Asset characteristics,
Investment constraints
10  cards
Risk Management & Monitoring (34 – 36)
Control current cost base,
Monitor commissions at 3 levels,
Control new business levels
28  cards

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F102 Life

  • Class purpose General learning

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