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X G
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Decks in this class (22)
CH 1 - 7 (Products)
Major types of life insurance,
Elements of product structure,
Product cycle
41
cards
CH 8 (Asset Shares)
Positive components of asset share,
Negative components of asset share,
Recursive formula for asset share
6
cards
CH 9 - 10 (Profit Distribution)
Ways of distributing surplus,
Types of additions to benefits bo...,
Key decisions on distribution
20
cards
CH 11 (Distribution Channels)
Reasons for consumers avoiding in...,
Driving forces behind sales,
Types of channels
7
cards
CH 12 (General Business Environment)
Types of commission,
Categories of expenses,
Everything an insurance company s...
13
cards
CH 13 - 15 (Risks)
3 classes of assumption risk,
Qualities of good data risk if no...,
Data checks
15
cards
CH 16 (Pricing Units)
Two key principles of pricing units,
Management box concept,
Two pricing bases
10
cards
CH 17 (Actuarial Funding)
Adjusted reserve formula,
Purpose of actuarial funding,
Two types of units
9
cards
CH 18 - 19 (Models)
Different types of model focus of...,
Requirements of a good model pt 2,
Advantages of deterministic
14
cards
CH 20 (Product Design)
Process of designing and pricing ...,
3 components of service in life p...
2
cards
CH 21 - 22 (Setting Assumptions)
Steps to setting assumptions,
3 approaches for allowing for trends,
Importance of investment return a...
18
cards
CH 23 - 24 (Supervisory Reserves and Capital Requirements)
Two approaches to liability valua...,
Two methods to liability valuation,
Gross premium
16
cards
CH 25 - 26 (Surrenders and Alterations)
Types of discontinuance,
Without profits surrender value f...,
Retrospective vs prospective feat...
15
cards
CH 27 (Cost of Guarantees and Options)
Examples of investment guarantees,
Methods of assessing the implied ...,
Valuing mortality option
8
cards
CH 28 (Pricing Health and Care Contracts)
Claim inception and disability an...,
Critical illness,
Two tables in double decrement ap...
4
cards
CH 29 - 30 (Reinsurance)
Coinsurance original terms,
Coinsurance level risk premium,
Risk premium insurance recurring ...
15
cards
CH 31 (Underwriting)
Benefits of underwriting,
Types of underwriting,
Methods of medical underwriting
10
cards
CH 32 (Policy Data Checks)
Types of data checks,
Characteristics of good quality data
2
cards
CH 33 (Investment)
Importance of investment success,
Principles of investment,
Nature of liabilities matching re...
9
cards
CH 34 (Further Risk Management)
Managing expenses,
Managing commission levels incl a...,
Managing persistency
6
cards
CH 35 (Monitoring Experience)
Two types of experience investiga...,
Reasons to monitor experience,
Investigated factors
13
cards
Definitions
Capital loss,
Overall accumulated loss,
Replacement ratio
12
cards
More about
f102 - life (skeleton)
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