Actuarial F101 - Health and Care Principles Flashcards

Decks in this Class (31):

• Chapter 1 Health Care Insurance Products

  Chapter 1 Health & Care Insurance products

  Sample Cards:

  private medical insurance definition typ,

  what are the main elements of a product,

  product cycle what does product design n
  33 Cards
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• Chapter 2 Critical Illness Insurance

  Chapter 2 Critical Illness Insurance

  Sample Cards:

  what are the other names for critical il,

  what is the benefit under a critical ill,

  critical illness may be considered a hyb
  16 Cards
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• Chapter 3 Long Term Care Insurance

  Chapter 3 Long-term care insurance

  Sample Cards:

  what long term care insurance,

  needs covered by long term care insuranc,

  the costs of care can divided into the f
  23 Cards
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• Chapter 4 Group Products

  Chapter 4 Group Products

  Sample Cards:

  group products,

  group products can arise where,

  differences arise when dealing with grou
  16 Cards
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• Chapter 5 Healthcare

  Chapter 5 Healthcare

  Sample Cards:

  what does healthcare refer to,

  what does a well functioning healthcare,

  classification of care
  38 Cards
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• Chapter 6 Product Design Stakeholders In

  Chapter 6 Product design & stakeholders interests

  Sample Cards:

  customer attraction and clarity,

  five main factors relating to product de,

  health and care insurance products are d
  19 Cards
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• Chapter 7 Product Design And Stakeholder

  Chapter 7 Product design and stakeholder interests (2)

  Sample Cards:

  stakeholders,

  product design pricing should meet vario,

  customer acceptability
  26 Cards
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• Chapter 8 Distribution Channels

  Chapter 8 Distribution Channels

  Sample Cards:

  the main distribution channels,

  insurance intermediaries,

  tied agents
  22 Cards
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• Chapter 9 The General Business Environme

  Chapter 9 The general business environment

  Sample Cards:

  the factors to consider in the general e,

  propensity to buy vs need to sell,

  selling characteristics of different pro
  22 Cards
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• Chapter 10 Risk Adjustment

  Chapter 10 Risk adjustment

  Sample Cards:

  what is risk adjustment,

  choosing risk adjustment method requires,

  example of risk factors
  22 Cards
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• Chapter 11 State Healthcare Provision

  Chapter 11 State healthcare provision

  Sample Cards:

  overall objectives of governments provis,

  protecting the nations health,

  subsidising the poor
  26 Cards
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• Chapter 12 Modelling

  Chapter 12 Modelling

  Sample Cards:

  main uses of models,

  objectives of a health insurance model,

  basic features of a health insurance mod
  33 Cards
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• Chapter 13 Data

  Chapter 13 Data

  Sample Cards:

  general data considerations,

  data availability and criteria,

  making adjustments for credibility relev
  15 Cards
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• Chapter 14 Assumptions General Considera

  Chapter 14 Assumptions General considerations

  Sample Cards:

  general considerations when setting assu,

  deriving assumptions for pricing purpose,

  deriving assumptions for reserving purpo
  7 Cards
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• Chapter 15 Demographic Assumptions

  Chapter 15 Demographic assumptions

  Sample Cards:

  the process of determining demographic a,

  collecting the appropriate data,

  grouping the data
  11 Cards
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• Chapter 17 Assumptions 4 Other Assumptio

  Chapter 17 Assumptions (4) : Other assumptions

  Sample Cards:

  new business volume,

  new business mix,

  assumptions may be needed for mix of bus
  17 Cards
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• Chapter 16 Assumptions 3 Financial Assum

  Chapter 16 Assumptions (3) Financial assumptions

  Sample Cards:

  financial assumption benefit amount,

  average claim for pmi should be based on,

  services by pmi providers to policyholde
  26 Cards
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• Chapter 18 Generalised Linear Modelling

  Chapter 18 Generalised Linear Modelling

  Sample Cards:

  what is an explanatory variable,

  what is a response variable,

  what is a categorical variable
  35 Cards
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• Chapter 19 Pricing 1 Individual Business

  Chapter 19 Pricing (1) Individual business

  Sample Cards:

  the stages involved in process of calcul,

  factors considered when selecting base p,

  burning cost premium bcp
  24 Cards
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• Chapter 20 Pricing 2 Group Business

  Chapter 20 Pricing (2) Group business

  Sample Cards:

  special characteristics of group busines,

  free cover,

  control of intermediary
  17 Cards
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• Chapter 21 Pricing 3 Other Consideration

  Chapter 21 Pricing (3) - Other considerations

  Sample Cards:

  profit criteria 3 commonly used function,

  what is a profit criterion,

  what is net present value
  24 Cards
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• Chapter 22 Pricing 4 Options And Guarant

  Chapter 22 Pricing (4) Options and guarantees

  Sample Cards:

  mortality and morbidity options,

  terms and conditions for options,

  what are the cost of options
  15 Cards
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• Chapter 23 Reserves Solvency Capital Req

  Chapter 23 Reserves & solvency capital requirements

  Sample Cards:

  reasons for calculating reserves,

  types of reserves long term,

  types of reserves short term
  32 Cards
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• Chapter 24 Nature Of Risks 1

  Chapter 24 Nature of risks (1)

  Sample Cards:

  risks may often be classified as follows,

  risks faced by a health and care insurer,

  policy data
  15 Cards
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• Chapter 25 Nature Of Risks 2

  Chapter 25 Nature of risks (2)

  Sample Cards:

  guarantee and options,

  competition,

  actions of management
  20 Cards
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• Chapter 26 Nature Of Risks 3

  Chapter 26 Nature of risks (3)

  Sample Cards:

  what is the key aim of a healthcare insu,

  the actuary will maximise profit but in,

  the problems that confront the actuary i
  15 Cards
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• Chapter 27 Managed Care

  Chapter 27 Managed care

  Sample Cards:

  the aim of managed care,

  the development of treatment protocols,

  cost effectiveness analysis in developin
  4 Cards
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• Chapter 28 Reinsurance

  Chapter 28 Reinsurance

  Sample Cards:

  reasons for reinsurance,

  health and care insurance payouts will e,

  the following factors will determine the
  34 Cards
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• Chapter 29 Other Risk Management Techniq

  Chapter 29 Other risk management techniques

  Sample Cards:

  underwriting as a risk management tool,

  what is underwriting,

  different levels of underwriting
  46 Cards
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• Chapter 30 Investment

  Chapter 30 Investment

  Sample Cards:

  asset characteristics,

  conventional bonds characteristics,

  index linked government bonds
  26 Cards
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• Chapter 31 Monitoring Feedback Into The

  Chapter 31 Monitoring & feedback into the control cycle

  Sample Cards:

  experience will be monitored in order to,

  by keeping its experience under review i,

  data required for monitoring experience
  32 Cards
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