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Kumien Senekal
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Decks in this class (17)
Chapter 1 - South African General Business Environment
2 main ways for companies to grow,
Regulation affects 3,
Advantages of insurance products ...
11
cards
Chapter 3 - Product Design, Pricing and Distribution
Ways to mirigate risks,
Critical illness benefit payable ...,
4 characteristics of an illness t...
27
cards
Chapter 4 - Contract Design and Pricing
Factors to consider when determin...,
Discounted cf method is the most ...,
In determining rating factors the...
4
cards
Chapter 5 - Methods of Sale in South Africa
Key marketing channels used 4,
Types of commission paid 3,
How could commission levels lead ...
3
cards
Chapter 6 - South African Insurance Taxation
Recently 3 major changes to the t...,
Prms may be deducted from the tax...,
An example of a tax exempt instit...
11
cards
Chapter 8 - Professional Guidance
Apn 105,
Apn 106,
Apn 107
10
cards
Chapter 7 - The South African Regulatory Environment
Requirements and responsibilities...,
Maintenance of the financially so...,
Own risk and solvency assessment ...
18
cards
FSI 1
Definition of prescribed scr,
Mcr requirements 4,
What is the scr cover ratio
6
cards
Chapter 9 - Supervisory and Published Reporting Valuations
Discretionary margins in publishe...,
Define risk margin,
The non unit reserve must be deri...
15
cards
Chapter 10 - Profitability Of Existing And New Business
Future surpluses are expected to ...,
Definition of pvif,
Define adjusted net worth and giv...
8
cards
Chapter 11 - Analysis Of Surplus
Reasons why a company would analy...,
How does surplus arise
2
cards
Chapter 12 - Analysis Of Change In EV
Reasons for analysing the change ...,
The difference between the actual...
2
cards
Chapter 13 - Ongoing Solvency
A life insurer will need capital ...,
Reasons for projecting solvency 4,
Definition of required economic c...
12
cards
Chapter 15 - SA Surplus Distribution System Requirements
Describe horizontal equity,
What does vertical equity mean,
How reasonable benefit expectatio...
4
cards
Chapter 16 - Surplus Distribution Policy
Sources of surplus 6,
Definition of asset share,
The degree to which declared bonu...
11
cards
Chapter 17 - Asset Liability Management
What is asset liability matching,
What is asset liability managemen...,
What is asset liability modelling
8
cards
Exam Insights
What contracts will be included i...,
Define an orphan estate,
Points to discuss when describing...
8
cards
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F202
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