0
Q
What to do with excess capital
A
X
1
Q
Ways to improve capital position
A
X
2
Q
Explain peak 1
A
X
3
Q
Explain peak 2
A
X
4
Q
Explain pillar 2
A
X
5
Q
Explain solvency 2 pillar 1
A
X
6
Q
Explain solvency 2 pillar 2
A
X
7
Q
Explain solvency 2 pillar 3
A
X
8
Q
Main AFH responsibilities
A
X
9
Q
What to do on a part 7
A
X
10
Q
How to reduce persistency problems?
A
X
11
Q
Why might you have persistency problems
A
X
12
Q
Explain peak 1 vs peak 2 capital requirement formulae
A
X
13
Q
Compare peak 1 vs peak 2
A
X
14
Q
Why do an analysis of surplus?
A
X
15
Q
Why do an AOEV?
A
X
16
Q
Components of an AOEV
A
X
17
Q
Contents of a PPFM
A
X
18
Q
Explain micro insurance
A
X
19
Q
What does FPRL contain?
A
X
20
Q
EEV principles
A
X
21
Q
MCEV principles
A
X
22
Q
Problems EEV addressed
A
X
23
Q
Problems EEV still has
A
X
24
12 EEV principles
X
25
MCEV goals
X
26
Sources of surplus in peak 1
X
27
Sources of surplus for change in peak 2 WC
X
28
Steps in the projection approach to analysing surplus in peak 1
X
29
Process to analyse movement in WC (peak 2 surplus)
X
30
How to use the results of an analysis of oeak 1 or 2 surplus/WC
X
31
How to analyse movements in MCR or RCM
X
32
List of assumptions
```
Mortality
Morbidity
Withdrawals (Lapses, Surrenders, PUP)
Discount rate
Investment return
Unit growth rate
Inflation
Expenses
Tax
Reinsurance default
Expense inflation
Shareholder transfers
```
33
Why do AOEV?
X
34
Presentation of AoCHange in EV
X
35
Explain the AOEV sections where you analyse effect of return on free surplus
X
36
How might you further split the AOEV for MCEV purposes?
X
37
If profits come at end of year are 10, 10, 10 derive the formula for expected return on PVFP (expected return on In-force business)
X
38
What technique might you use to calculate the experience variances in AOEV?
The projection technique of analysis of peak 1 surplus (project changing 1 thing at a time and look at effect)
39
Reasons for poor persistency
X
40
Managing poor persistency
X
SA2 Final
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