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Sanjay Jeram
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Decks in this class (34)
Chapter 1 - Life insurance products [Endowment assurances]
What are the basic customer needs...,
Explain initial capital strain in...,
What are the elements of the prod...
8
cards
Chapter 2 - Life insurance products [Whole life and term assurance]
Describe a whole life assurance c...,
Discuss the risks to an insurance...,
List 4 types of individual term a...
5
cards
Chapter 3 - Life insurance products [Immediate/Deferred Annuity]
What forms structural basis may b...,
State key risks to an insurance c...,
Comment on the capital requiremen...
5
cards
Chapter 4 - Life insurance products [Structural Bases]
Describe 4 bases on which life in...,
For each of the following product...,
Outline the key features of unit ...
6
cards
Chapter 5 - Income protection
Discuss the customer needs met by...,
List the key features of an ip co...,
What are some important points to...
11
cards
Chapter 6 - Critical illness
Describe a critical illness insur...,
What are the forms of ci products...,
What characteristics are required...
12
cards
Chapter 7 - Long-term care insurance
Describe a long term care insuran...,
Describe the 3 types of costs ass...,
What are the 2 main types of long...
11
cards
Chapter 8 - Asset Shares
Define asset share,
Explain in words how an asset sha...,
List 6 deductions that may be mad...
3
cards
Chapter 9 - With-profits surplus distribution
List 3 forms in which profits can...,
Explain why the insurer and the w...,
Why is benefit increase the prefe...
14
cards
Chapter 10 - With-profits distribution
Describe the revalorisation syste...,
State 4 advantages of revalorisat...,
State 4 disadvantages of the reva...
10
cards
Chapter 11 - General business environment
State 2 risks to the insurer for ...,
List 4 distribution channels used...,
Describe insurance intermediaries...
9
cards
Chapter 12 - General business environment
Outline main types of expenses an...,
Describe how an insurer may be af...,
Explain how legal risks may arise...
7
cards
Chapter 13 - Risk
What would an insurer use data for,
Define 3 risks which normally ari...,
The risk that actual expenses are...
5
cards
Chapter 14 - Risk
Explain how the mix of new busine...,
Explain how the mix of new busine...,
Risk due to new business volumes ...
10
cards
Chapter 15 - Risk
Comment on aggregation and concen...,
How might a company go about asse...,
State 3 considerations in assessi...
4
cards
Chapter 16 - Unit pricing
Define an internal unit linked fu...,
State the basic equity principle ...,
Define 1 appropriation price 2 ex...
7
cards
Chapter 17 - Actuarial funding
What is actuarial funding 4,
Hat are the requirements necessar...,
What is the effect of actuarial f...
5
cards
Chapter 18 - Models
State the prime objective in buil...,
State the requirements of a good ...,
List the general features of a li...
8
cards
Chapter 19 - Models
Outline how models are used for p...,
Define the term profit criterion ...,
List 4 issues regarding the npv c...
13
cards
Chapter 20 - Product design
State key consideration with rega...,
Areas of product design important...,
Comment on financing requirements...
6
cards
Chapter 25 - Surrender values
List principles that should be co...,
Discuss the influence of pre when...,
Discuss the influence of pre when...
10
cards
Chapter 26 - Alterations
Why might the basis used for paid...,
State the three principles that s...,
Give 7 principles that should gui...
10
cards
Chapter 27 - Cost of guarantees and options
Why are investment guarantees useful,
Give examples of investment guara...,
Why is transfer of investment ris...
15
cards
Chapter 21 - Setting assumptions
What key risk does setting assump...,
What is the basic methodology for...,
Best estimate mortality list 2 se...
24
cards
Chapter 22 - Setting assumptions
Besides setting assumptions for p...,
Valuing liabilities overviewbroad...,
Reserving basis vs pricing basis ...
9
cards
Chapter 23 - Supervisory reserves and capital requirement
Reserves backgroundwhat are the 2...,
What are the 2 primary reserving ...,
Define the gross premium valuatio...
12
cards
Chapter 24 - Supervisory reserves and capital requirements
State how in theory the assets an...,
Describe how the investment retur...,
Why might it be possible to take ...
12
cards
Chapter 31 - Underwriting
Explain what is meant by underwri...,
Two fundamental risks the insuran...,
How does underwriting help insure...
11
cards
Chapter 33 - Investment
State the 3 main principles of in...,
List the 4 main asset classes in ...,
What are the key characteristics ...
16
cards
Chapter 34 - Further risk management
Expense control what is the main ...,
What are the main pillars an insu...,
Expense control discuss the vario...
12
cards
Chapter 35 - Monitoring experience
List reasons for monitoring exper...,
How may monitoring the experience...,
Discuss the data required for mon...
18
cards
Chapter 29 - Reinsurance
What are the main types of reinsu...,
Describe factultative vs obligato...,
Define original terms reinsurance 4
15
cards
Chapter 30 - Reinsurance
List various reasons why insurer ...,
What is insurance parameter risk ...,
Describe 2 factors which lead to ...
14
cards
Chapter 32 - Policy data checks
0
cards
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F102 - Life Insurance
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