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Trace Trace
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Decks in this class (41)
0. What is A311 all about
The actuarial control cycle 1,
What does specifying the problem ...,
What does developing the solution...
10
cards
1. Actuarial advice
Public stakeholders that actuary ...,
List twelve stakeholders involved...,
Advice to employers 3
19
cards
2. External environment
What factors should be considered...,
Describe the underwiting cycle 2,
Which two key factors drive the b...
19
cards
3. Regulation
What are the aims of regulation 1,
Outline two direct and five indir...,
Why is the need for regulation in...
22
cards
4. Introduction to financial products and customer needs
What are the 5 categories of prod...,
What are the types of social secu...,
What is an insurance contract 3
16
cards
5. Benefits overview and providers of benefits TOD
What is a defined benefit scheme 1,
What is a defined contribution sc...,
What is a defined ambition scheme 3
13
cards
6. Life insurance products TOD
What are the various life insuran...,
What are examples of customers ne...,
When are benefits paid under a cr...
6
cards
7. Health insurance products tod
What factors should be considered...,
What is medical aid 2,
What is critical illness cover 3
5
cards
8. General insurance products TODO
What are the four groups of gener...,
What is indemnity 2,
What are the features of liabilit...
8
cards
9. Bond and money markets
Investment and risk characteristi...,
Three ways in which cash can be p...,
Money markets instruments 3
19
cards
10. Equity and property markets
What is ordinary share 1,
Investment and risk characteristi...,
What are the cashflows of an ordi...
16
cards
11. Other investment classes
Purpose of collective investment ...,
What is the purpose of a cis from...,
What is a closed ended scheme 3
24
cards
12. Behaviour of the markets
What are the keys risks that inve...,
How is the general level of the m...,
What are the main factors affecti...
18
cards
13. Valuation of investments
Methods of valuing individual inv...,
Advantages and disadvantages of m...,
The market value method may be us...
18
cards
14. Relationship between returns on asset classes
What is the relationship between ...,
Expected return on different asse...,
When will the real returns on con...
5
cards
15. Choosing an appropriate investment strategy
What criteria should an investmen...,
Types of objectives an institutio...,
For an institutional investor how...
17
cards
16. Asset-liability management
What are the two key principles o...,
What features need to be covered ...,
What are the cashflows on a singl...
26
cards
17. Investment management
What is active investment managem...,
What is passive investment manage...,
What factors should be considered...
17
cards
18. Modelling
What is a model 1,
What are the uses of a model 2,
What is a deterministic model 3
36
cards
19. Data
What is personal data 1,
Examples of what might be conside...,
What are the conditions of popia ...
21
cards
20. Setting assumptions
What are the 5 most important thi...,
Give three examples of where hist...,
Give four examples of where curre...
12
cards
21. Mortality and morbidity
What is meant by risk classificat...,
Describe the use of risk classifi...,
What are the limitations of risk ...
16
cards
22. Expenses
What are fixed expenses 1,
What are variable expenses 2,
What are direct expenses 3
10
cards
23. Contract design
1 what factors should be consider...,
Who are the key parties involved ...,
What factors influences the need ...
27
cards
24. Pricing and financing strategies
What is the difference between th...,
What can the basic premium charge...,
What are the other factors added ...
8
cards
25. Risk governance
List six stages in the risk manag...,
The risk identification stage of ...,
Explain the purpose of the risk c...
20
cards
26. Risk identification and classification
What categories and example of ri...,
What techniques can be used to en...,
What is market risk 3
21
cards
27. Financial products and benefit scheme risks
What are two key risks to a benef...,
What is the key risk to the state...,
What are the key areas of benefit...
17
cards
28. Accepting risk
What is an example of a quantifia...,
What features of the company migh...,
How does a market for risk arise 3
10
cards
29. Risk measurement and reporting
Describe how the risk identificat...,
How can a model be used to assess...,
What the different ways of evalua...
26
cards
30. Risk transfer
What are the responses a stakehol...,
How can each risk mitigation opti...,
What factors affect whether a sta...
22
cards
31. Other risk controls
What are 4 risk management tools ...,
How can an insurer diversify its ...,
Why might an insurer use reciproc...
20
cards
32. Provisions
What are provisions 1,
Why does a provider calculates pr...,
What is the difference between in...
21
cards
33. Valuation of liabilities
What is the most important fact t...,
Describe the traditional discount...,
What is the major criticism of th...
16
cards
34. Reporting results
What are the changes of the accou...,
What does it mean to prepare acco...,
What important things should be c...
11
cards
35. Insolvency and closure
Why do insurers and banks rarely ...,
What issues should be addressed a...,
List 4 things to consider when an...
11
cards
36. Capital management
What does capital management invo...,
Why do individuals need capital 2,
Why do trading companies need cap...
24
cards
37. Capital requirements
What are the two types of assessm...,
What is regulatory cap 2,
List three types of liabilities c...
26
cards
38. Surplus and surplus arising
What is surplus 1,
What is surplus arising 2,
Why do providers analyse surplus 3
20
cards
39. Monitoring
Give three reasons why experience...,
What is the broad data requiremen...,
How should demographic factors su...
6
cards
A1. Banking overview
What are the types of banks 1,
What is a trading book and a bank...,
What is the role of banks 3
16
cards
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ActRmgt
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