Acronym vs Area 21,22,29,30,31 Flashcards Preview

Actuarial Risk Management: CA1 > Acronym vs Area 21,22,29,30,31 > Flashcards

Flashcards in Acronym vs Area 21,22,29,30,31 Deck (36)
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1
Q

The main factors affecting bond yields

A

SPROEITI

2
Q

The influences of the level of property in the market

A

ODI

3
Q

Investors preferences are influenced by

A

FUME CC

4
Q

Requirements of a good model

A

VIVA RAPER DAD

5
Q

Deterministic model development

A

SCCACCARD

6
Q

Stochastic model development

A

SCCSACCRP

7
Q

Merits of modelling options depend on

A

C U FLIP

8
Q

Deterministic vs. Stochastic models differences

A

CUBE PO

9
Q

Factors affecting the level of the equity market

A

ERICA IE POTAR

10
Q

Sources of models

A

NEC

11
Q

Merits of Deterministic model

A

LECE COS

12
Q

Merits of a stochastic model

A

WAQA SLIC

13
Q

Uses of a model

A

PROF P

14
Q

Using models for pricing consider

A

BAD CoMP DiCoS

15
Q

Sources of data

A

TRAINERS C

16
Q

Causes of poor data

A

RUS RAD

17
Q

Uses of data (Company departments)-

A

PREMISES FAAr

18
Q

Factors affecting assumptions:

A

DIE FULCN

19
Q

Factors that increase the risk of product design:

A

GLOC U

20
Q

For past data consider how to deal with:

A

CRC CHEAT PRUDT

21
Q

Factors affecting marketability when modeling for pricing / competitiveness of products

A

DiPCoS

22
Q

When considering accuracy and prudence of assumptions

A

BIPACS O

23
Q

Assumptions made form historic data

A

BIDS

24
Q

Assumptions made form current data

A

REFS

25
Q

Quality and quantity of data influenced by

A

SEC

26
Q

Ways to improve data quality

A

TeCSReFS P

27
Q

Ways to improve the claim and proposal form

A

RECTURE Q

28
Q

Concerns with summarised data

A

MiRC/ RelCanS

29
Q

Merits of industry wide data

A

CA FLOQ HP

30
Q

Heterogeneity in data industry-wide data caused by difference in

A

PRoCRStNa SP/

PReCReS SNaP

31
Q

Assertions to assess in data

A

TACA /CATA OPI SpotS

32
Q

Demographic assumptions:

A

Morty Will Never FallS

33
Q

Ways to check assertions: Checks to perform

A

SCARFACE MVR/ Reconcile, Consistency, DRaM

34
Q

Examples of financially significant economic assumptions

A

5CIET

35
Q

Contract Features Captured in a model point

A

BAGTSAD

36
Q

Freehold properties are considered to be more attractive than leasehold properties because of:

A

BeDGGN