1
Q
What are the 4 different distributions channels
A
- Insurance intermediaries
- Tied agents
- Own sales force
- Direct marketing
2
Q
What the are risks to the insurer of not meeting real customer needs when selling products?
A
- Persistency risk- high policy withdrawals
- Reputational damage risk
- Poor new business volumes
F102
flashcards
Decks in class (38)
# Cards
-
Chapter 1 : Products (1)5
-
Chapter 2 : Products (2)7
-
Chapter 3 : Products (3)2
-
Chapter 4 : Products (4)4
-
Chapter 5 : Income Protection2
-
Chapter 6 : Critical Illness9
-
Chapter 7 : Long-term care insurance4
-
Chapter 8 : Asset Shares5
-
Chapter 9 : With-profits surplus distribution (1)9
-
Chapter 10 : With-profits surplus distribution (2)11
-
Chapter 11 : GBE (1)2
-
Chapter 12 : GBE (2)6
-
Chapter 13 : Risk (1)16
-
Chapter 14: Risk (2)15
-
Chapter 15: Risk (3)1
-
Chapter 16 : Unit Pricing3
-
Chapter 17: Actuarial Funding4
-
Chapter 18 : Models (1)8
-
Chapter 19 : Models (2)6
-
Chapter 20 : Product Design0
-
Chapter 21 : Setting Assumptions (1)9
-
Chapter 22 : Setting Assumptions (2)0
-
Chapter 23 : Supervisory Reserves and Capital Requirements (1)6
-
Chapter 24 : Supervisory Reserves and Capital Requirements (2)0
-
Chapter 25 : Surrender Values4
-
Chapter 26 : Alterations7
-
Chapter 27: Cost of guarantees and options8
-
Chapter 28 : Pricing health and care contracts0
-
Chapter 29 : Reinsurance (1)8
-
Chapter 30 : Reinsurance (2)14
-
Chapter 31 : Underwriting9
-
Chapter 32: Policy data checks2
-
Chapter 33: Investments2
-
Chapter 34: Further Risk Management5
-
Chapter 35: Monitoring8
-
Chapter 36 : The big picture0
-
Expenses5
-
Acronyms21
