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2023 M92 Business and Finance

This class was created by Brainscape user Neil Park. Visit their profile to learn more about the creator.

By: Neil Park
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Decks in this class (10)

Chapter 1 - Structure Of The Insurance Industry
What is the difference between a ...,
What are the two basic needs and ...,
Mutual companies are owned by who
55  cards
Chapter 2 - Roles And Responsibilities
What are the physical resources o...,
What are the two types of directo...,
Most boards are responsible for
13  cards
Chapter 3 - Planning And Control
Strategic planning covers what ti...,
What does the tactical plan cover,
What is the timescale for tactica...
49  cards
Chapter 4 - Main Aspects Of Corporate Governance
The two most important elements o...,
The five areas of the uk corporat...,
What are the other 2 areas of the...
55  cards
Chapter 5 - Common Functions Within Insurance Organisations
The control of underwriting is th...,
What is a pure risk premium,
Often the policy wordings will ha...
53  cards
Chapter 6 - Accounting Princples And Practices
What is financial accounting,
Included in the statutory account...,
What does the income statement show
134  cards
Chapter 7 - Accounting Standards
The ifrs foundation should develo...,
The iasb stands for,
Which two underlying assumptions ...
29  cards
Chapter 8 - Claims Reserving
Give 7 reasons why there is uncer...,
The claims reserving process is to,
An accurate view on the required ...
43  cards
Chapter 9 - Financial Ratios
The standard ratios fall into whi...,
What are the three main profitabi...,
What is the formulae for the gros...
68  cards
Chapter 10 - Financial Strength Of Insurance Companies
What are the four main rating age...,
All customers buying insurance ar...,
What are some of the reasons insu...
57  cards

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2023 M92 Business and Finance

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