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Johan Koen
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Decks in this class (35)
Ch 1: LIP 1
New business strain def,
Endowment assurances def,
Factors to consider when describi...
14
cards
Ch 2: LIP 2
Risks facing insurer with a whole...,
How to combat effect of inflation...,
Needs of the consumer met by term...
5
cards
Ch 3: LIP 3
Consumer needs met by immediate a...
1
cards
Ch 4: LIP 4
Type of basis has implications for,
How charges may be implemented in...,
Key risk to insurer in unit linke...
7
cards
Ch 5: IP products
Income protection aim,
When is an ip benefit paid,
Surrender values for ip products
13
cards
Ch 6: CI products
Critical illness definition,
Three possible claim definitions ...,
Three ways ci insurance can be pr...
12
cards
Ch 7: LTC products
What is long term care,
Costs of care divided into three ...,
Informal care
6
cards
Ch 8: Asset shares
Asset share of a policy definition,
Asset share deductions,
Asset share formulas
3
cards
Ch 9: With-profits surplus distribution
3 ways how profits could be distr...,
Deferring the distribution of pro...,
Additions to benefits approach ov...
9
cards
Ch 10: With-profits surplus (2)
Revalorisation method description,
Advantages of revalorisation method,
Disadvantages of revalorisation m...
12
cards
Ch 11: General Biz Environment (1)
General business environment fact...,
Distribution channels,
Propensity of consumers to purcha...
8
cards
Ch 12: General Biz Environment (2)
Effect of the economic environmen...,
When insurer has discretion in co...,
Legal environment effects
8
cards
Ch 13: Risk (1)
Possible sources of risk,
Data risks,
3 parts of withdrawal risk
3
cards
Ch 14: Risk (2)
Change in business mix risks,
Risk relating to volume of new bu...,
Risk associated with guarantees a...
8
cards
Ch 15: Risk (3)
0
cards
Ch 16: Unit pricing
Unit pricing high level overview,
Management box description in con...,
Risks relating to the maintaining...
11
cards
Ch 17: Actuarial Funding
Why actuarial funding is used,
Aim of acuarial funding,
Condition for actuarial funding
6
cards
Ch 18: Models (1)
Primary objective of modelling,
Requirements of a model,
What is a model point
7
cards
Ch 19: Models (2)
Different types of model,
Actuary advising a life insurer w...,
Pricing model procedure
12
cards
Ch 20: Product design
When designing or reviewing any p...,
When faced with a large parameter...,
Offering guarantees results in tw...
3
cards
Ch 21: Setting assumptions (1)
Basic methodology for setting ass...,
Pricing contracts would need assu...,
Mortality assumption has two parts
19
cards
Ch 22: Setting assumptions (2)
Deciding on a valuation basis bas...,
Regulations may impose certain ru...,
Reserving basis vs pricing basis
8
cards
Ch 23: Supervisory reserves and cap reqs (1)
Uses of a true realistic valuation,
Gross premium valuation definition,
Non unit reserves definition
12
cards
Ch 24: Supervisory reserves and cap reqs (2)
Supervisory regulator s primary c...,
Theoretical def of market consist...,
Market consistent methodology
10
cards
Ch 25: Surrender values
Factors to consider when determin...,
Auction values def advantage and ...,
Asset shares in context of a cons...
9
cards
Ch 26: Alterations
Possible alterations of without p...,
Paid up contracts process,
Considerations which may make bas...
15
cards
Ch 27: Cost of guarantees and options
Mortality options description,
Examples of investment guarantees,
Implications of guarantees and op...
12
cards
Ch 29: RE 1
Reinsurance definition,
5 main types of reinsurance contract,
Level risk premium reinsurance
9
cards
Ch 30: RE 2
Reasons for reinsuring,
Parameter risk reinsurance,
Considerations before reinsuring ...
5
cards
Ch 31: Underwriting
Underwriting definition,
Two underwriting risks,
Outline of underwriting process
4
cards
Ch 32: Policy data checks
Reason for chapter on policy data...,
Policy check procedures examine
2
cards
Ch 33: Investment
System t,
Principles of investment,
Determining optimal investment strat
4
cards
Ch 34: Further risk management
Expense control things to consider,
Persistency risk management thing...,
To improve percistency company might
7
cards
Ch 35: Monitoring experience
Reasons for monitoring experience,
Data required for experience inve...,
Future withdrawal rates might be ...
7
cards
NB Lists
0
cards
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First Increase
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