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Annalee Wiswell
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Decks in this class (46)
Credit-Based Insurance Scores
Insurance industry challenges to ...,
Possible regulatory actions aroun...,
Classes that credit reports have ...
7
cards
Telematics
Describe telematics,
Potential rating variables from t...,
Reasons for increased use of tele...
11
cards
Price Optimization
Describe price optimization,
Differences between traditional r...,
Criticisms of use of elasticity o...
7
cards
Historical Development of Insurance Regulation
Three purposes of insurance regul...,
Paul v virginia,
National insurance convention fou...
15
cards
Federal, State, and Other Influences
Activities identified by supreme ...,
Federal regulation that impacts i...,
Other influences on insurance reg...
14
cards
State DOI Operations
Nine doi functions,
Types of filing laws,
Common reasons for disapproval of...
6
cards
Insurer Formation and Licensing
Initial free surplus,
Minimum required basic surplus,
Considerations for domestic insur...
6
cards
Rate Regulation
Political theory of regulation,
Three ways insurance product is u...,
P c ratemaking principles
11
cards
Solvency Regulation
Common reasons for insolvencies,
Ways a weak insurer can be saved ...,
Solvency regulation goals to balance
17
cards
NAIC Solvency Framework
Three stages of financial regulation,
Components of market regulation,
Measures of a successful regulato...
16
cards
Economic Crisis Lessons
Potential advantages of federal r...,
Why regulation fails,
Disincentives that delay regulato...
7
cards
Dodd-Frank Act
How dodd frank act increased fede...,
Types of insurers under fed autho...,
Why designation of insurers as si...
9
cards
Rating Agencies
Two types of ratings,
Purposes uses of bond credit rati...,
Purposes uses of financial streng...
11
cards
Risk Retention Groups
Risk retention group definition,
Liability risk retention act lrra,
State of rrg market
5
cards
Surplus Lines
Purpose nonadmitted and reinsuran...,
Differences between admitted mark...,
One state compliance definition
8
cards
Residual Markets
Voluntary market insurance restri...,
Residual market programs for high...,
Describe assigned risk plans for ...
12
cards
Government Insurers
Reasons for government participat...,
Three levels of government involv...,
Criteria for evaluating governmen...
17
cards
Flood Insurance
Nfip policy goals 2,
Nfip social goals 2,
Nfip non insurance activities 5
11
cards
Terrorism Risk Insurance
Why tria was needed,
Goals of original tria legislation 3,
High level summary of tria
9
cards
Financial Reporting Overview
Financial reporting bases 4,
Primary financial statements 4,
Liquidation vs going concern
5
cards
Statutory Balance Sheet
Two broad ways to classify assets,
Sap carrying value of bonds,
Sap carrying value of stocks
8
cards
Statutory Income Statement and Capital and Surplus Account
Three sources of income,
Three ways of allocating expenses...,
Underwriting income
8
cards
Notes to Financial Statements
Notes to financial statements req...,
Sections of reinsurance note 9,
Accounting for retroactive reinsu...
10
cards
General Interrogatories and Schedules
Subsections of common interrogato...,
Schedules that cover assets 8,
Schedule t
7
cards
Schedule F
Criticisms of schedule f 4,
How aging of ceded reinsurance is...,
Sections of schedule f
6
cards
Schedule P
Limitations of assessing reserve ...,
Schedule p part 1,
Schedule p part 2 4
6
cards
Insurance Expense Exhibit
Uses of iee for different audienc...,
Iee part i allocation of other un...
2
cards
Measurement Tools
Limitations of financial health m...,
Perspectives of financial health ...,
Annual statement exhibits regulat...
9
cards
GAAP v. SAP
Gaap vs sap deferred acquisition ...,
Gaap vs sap deferred tax assets,
Gaap groupings and valuation of s...
12
cards
Purchase GAAP
Define and summarize p gaap,
Three components of estimation of...,
How risk adjustment for estimatin...
6
cards
IFRS
Describe ifrs,
Describe ifrs 4,
Describe ifrs 17
8
cards
Solvency II
Describe solvency ii,
Three pillars of solvency ii,
Pillar i of solvency ii
10
cards
Taxation
Tax basis earned premium tbep,
Tax basis incurred loss tbil,
Proration of tax favored income
7
cards
Future of SAP
Financial sector assessment progr...,
Naic benchmarked against icps,
Comframe
4
cards
Reinsurance Functions
Functions of reinsurance 9
1
cards
Risk Transfer Analysis
Conditions for a contract to qual...,
Exception to requirement that rei...,
What ceo cfo must confirm in rein...
10
cards
Reinsurance Commutations
Define commutation,
Motivations for commutation 4,
Steps in pricing a commutation 4
5
cards
Statutory Accounting Principles
Purposes of conservatism in sap 3,
Hierarchy of accounting rules,
Essential characteristics of a li...
6
cards
Risk-Based Capital
Two components of rbc system,
Rbc risk categories 8
2
cards
IRIS Ratios
Iris 1,
Iris 2,
Iris 3
13
cards
Materiality
Three contexts where materiality ...,
Definition of materiality,
Examples of quantitative measures...
5
cards
Accounting Standards Codification
Two criteria for a short duration...,
Example of a reinsurance contract...
2
cards
Accounting Practices Preamble
Considerations for conservatism i...,
Considerations for consistency in...,
Statutory heirarchy
5
cards
SSAPs
Three essential features of a lia...,
Describe joint and several liabil...,
Describe loss contingency or asse...
41
cards
SSAP 62R - Reinsurance
Benefits of reinsurance 6,
Describe quota share treaty,
Describe surplus share treaty
26
cards
ASOPs
Purpose of asop 41,
Three relevant audiences for actu...,
Considerations for actuarial comm...
16
cards
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