Decks in this Class (34):
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Chapter 1 Life Insurance Products Endowm
Chapter 1-Life Insurance Products (Endowments)
Sample Cards:define new business strain both in words,define anti selection,describe an endowment contract 6 5 addit8 CardsPreview Flashcards -
Chapter 2 Life Insurance Products Whole
Chapter 2-Life Insurance Products (Whole Life and Term Assurance))
Sample Cards:describe a whole life assurance contract,discuss the risks to an insurance compan,describe a term assurance contract8 CardsPreview Flashcards -
Chapter 3 Life Insurance Products Annuit
Chapter 3-Life Insurance Products (Annuities)
Sample Cards:describe in detail the core structure of,what forms structural basis may be used,state key risks to an insurance company6 CardsPreview Flashcards -
Chapter 4 Life Insurance Products Struct
Chapter 4-Life Insurance Products (Structural Bases)
Sample Cards:describe 4 bases on which life insurance,for each of the following products sugge,compare conventional without profits wit9 CardsPreview Flashcards -
Chapter 5 Income Protection Insurance
Chapter 5-Income Protection Insurance
Sample Cards:discuss the customer needs met by income,list the key features of an ip contract,what kind of product variations are poss17 CardsPreview Flashcards -
Chapter 8 Asset Shares
Chapter 8-Asset Shares
Sample Cards:define asset share,list 6 deductions that may be made in de,explain in words how an asset share may3 CardsPreview Flashcards -
Chapter 9 With Profits Surplus Distribut
Chapter 9-With-profits surplus distribution 1
Sample Cards:list 3 forms in which profits can be dis,explain why the insurer and the with pro,what is it that forms part of the profit15 CardsPreview Flashcards -
Chapter 10 With Profits Surplus Distribu
Chapter 10-With-profits surplus distribution 2
Sample Cards:describe the revalorisation system of su,state 4 advantages of revalorisation sys,state 4 disadvantages of the revalorisat13 CardsPreview Flashcards -
Chapter 6 Critical Illness Insurance
Chapter 6-Critical illness insurance
Sample Cards:describe a critical illness insurance co,in addition to the core description of c,what characteristics are required for a16 CardsPreview Flashcards -
Chapter 7 Long Term Care Insurance
Chapter 7 Long-term care Insurance
Sample Cards:describe a long term care insurance cont,what is long term care,describe the optimal outcomes of long te21 CardsPreview Flashcards -
Chapter 11 General Business Environment
Chapter 11 General Business Environment (1)
Sample Cards:list the factors in the general business,another useful acronym from ca1 arm crea,list 4 distribution channels used by lif12 CardsPreview Flashcards -
Chapter 12 General Business Environment
Chapter 12 General Business Environment (2)
Sample Cards:describe how an insurer may be affected,outline main types of expenses an insure,state 2 main risks with regard to expens10 CardsPreview Flashcards -
Chapter 20 Product Design
Chapter 20 Product Design
Sample Cards:list 12 factors to be considered when as,state key consideration with regards to,areas of product design important for ma13 CardsPreview Flashcards -
Chapter 13 Risk 1
Chapter 13-Risk 1
Sample Cards:list 16 possible sources of risk to a li,risk due to data types of datawhat type,risk due to data types of dataweve cover8 CardsPreview Flashcards -
Chapter 14 Risks 2
Chapter 14-Risks 2
Sample Cards:risk due to new business mix explain how,risk due to new business volumes explain,risk due to competition why is competiti9 CardsPreview Flashcards -
Chapter 15 Risks 3
Chapter 15-Risks 3
Sample Cards:state the overall aims of a life insuran,comment on aggregation and concentration,how might a company go about assessing i5 CardsPreview Flashcards -
Chapter 16 Unit Pricing
Chapter 16-Unit Pricing
Sample Cards:define an internal unit linked fund 3,what are the principle risks associated,state the basic equity principle of unit9 CardsPreview Flashcards -
Chapter 17 Actuarial Funding
Chapter 17-Actuarial Funding
Sample Cards:what is actuarial funding 4,what are the requirements necessary for,what common mechanisms can be used to im8 CardsPreview Flashcards -
Chapter 18 Models 1
Chapter 18-Models (1)
Sample Cards:state the prime objective in building a,state the requirements of a good model 1,list the general features of a life insu10 CardsPreview Flashcards -
Chapter 19 Models 2
Chapter 19-Models (2)
Sample Cards:what is product pricing 2 outline how mo,model pointswhat is a model point mp 3 h,define the term profit criterion and nam20 CardsPreview Flashcards -
Chapter 23 Supervisory Reserves And Capi
Chapter 23-Supervisory Reserves and Capital Requirements (1)
Sample Cards:reserves backgroundwhat are the 2 key fu,reserves backgroundwhat 2 primary method,define the gross premium valuation metho16 CardsPreview Flashcards -
Chapter 24 Supervisory Reserves And Capi
Chapter 24-Supervisory Reserves and Capital Requirements (2)
Sample Cards:discuss the relationship between pricing,state how in theory the assets and liabi,describe how the investment return assum16 CardsPreview Flashcards -
Chapter 21 Setting Assumptions 1
Chapter 21-Setting Assumptions (1)
Sample Cards:background on assumptionswhat is the key,best estimate mortality list 2 separate,best estimate mortality outline a genera27 CardsPreview Flashcards -
Chapter 22 Setting Assumptions 2
Chapter 22-Setting Assumptions (2)
Sample Cards:in the first chapter on setting assumpti,valuing liabilities overviewbroadly spea,valuing liabilities overviewwhat implica22 CardsPreview Flashcards -
Chapter 25 Surrender Values
Chapter 25-Surrender Values
Sample Cards:list principles that should be considere,discuss the influence of pre when settin,discuss the influence of pre when settin20 CardsPreview Flashcards -
Chapter 26 Alterations
Chapter 26-Alterations
Sample Cards:there are 2 broad categories of alterati,state the three principles that should b,there are 2 broad categories of alterati13 CardsPreview Flashcards -
Chapter 27 Guarantees And Options
Chapter 27-Guarantees and Options
Sample Cards:why are investment guarantees useful 3,give examples of investment guarantees a,for insurers who have control over inves19 CardsPreview Flashcards -
Chapter 32 Policy Data Checks
Chapter 32-Policy Data Checks
Sample Cards:list 5 types of policy data checks 5,for what purposes might data reconciliat,what kind of data reconciliation checks5 CardsPreview Flashcards -
Chapter 33 Investment
Chapter 33-Investment
Sample Cards:state the 3 main principles of investmen,list the 4 main asset classes in descend,what are the key characteristics accordi26 CardsPreview Flashcards -
Chapter 29 Reinsurance 1
Chapter 29-Reinsurance (1)
Sample Cards:define reinsurance 6,what are the main types of reinsurance 7,describe factultative vs obligatory rein19 CardsPreview Flashcards -
Chapter 30 Reinsurance 2
Chapter 30-Reinsurance (2)
Sample Cards:list various reasons why insurers may us,what is insurance parameter risk and wha,describe 2 factors which lead to varianc12 CardsPreview Flashcards -
Chapter 31 Underwriting
Chapter 31-Underwriting
Sample Cards:explain what is meant by underwriting 6,two fundamental risks the insurance comp,how does underwriting help insurer to ma14 CardsPreview Flashcards -
Chapter 34 Further Risk Management
Chapter 34-Further Risk Management
Sample Cards:what are some initial risk management me,expense control what is the main aim of,expense control discuss the various ways12 CardsPreview Flashcards -
Chapter 35 Monitoring Experience
Chapter 35-Monitoring Experience
Sample Cards:list reasons for monitoring experience a,list 4 reasons a life company may need a,list ways in which experience analysis m30 CardsPreview Flashcards
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