1
Q
Acronym
A
ASCEND FAT
2
Q
A(1)
A
Allow more easily for withdrawal and conversions
3
Q
S
A
Sensitivity to profit can be investigated
4
Q
C
A
Complex charges / benefits more easily coped with
5
Q
E
A
Enables measurement of return on capital
6
Q
N
A
Need to setup reserves and solvency requirements can be explicitly allowed for
7
Q
D
A
Discount rate can allow for term structure of rates
8
Q
F
A
Financing requirements can be assessed
9
Q
A(2)
A
Assumptions that vary over time can be allowed for
10
Q
T
A
Tax can be allowed for more appropriately
SA2 Acronyms
flashcards
Decks in class (38)
# Cards
-
Critical illness4
-
Critical illness anti selection mitigation6
-
Critical illness needs met7
-
Personal pensions10
-
Wraps7
-
Factors affecting UK insurers10
-
New business elements10
-
Elements of a valid contract6
-
Unfair contract terms5
-
Responsibilities of FOS5
-
PRA fundamental rules9
-
FCA principles of business12
-
COBS 20 rules8
-
COBS 20 2012 changes4
-
PPFM areas covered (Principles and Practices of Financial Management)9
-
PPFM general requirements9
-
SII internal model tests7
-
Pillar 2 governance functions5
-
Pillar 2 ORSA requirements4
-
Impact on business culture and strategy9
-
Reasons data quality is important5
-
Insurance TAS scope7
-
Insurance TAS principles7
-
TCF8
-
Reasons for projecting solvency7
-
Analysis of surplus - reasons for11
-
Sources of surplus9
-
12 EEV principles13
-
Bonus decisions11
-
Main types of risk7
-
Risk controls6
-
Underwriting7
-
why use reinsurance9
-
Risk controls15
-
Product design20
-
Cashflow method advantage10
-
Surrender Value Principles12
-
With Profit alterations principles8
