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Ailish Holyoak
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Decks in this class (23)
Chapter 0: Introduction to general insurance
Actuarial roles in general insura...,
Free reserves 2,
Technical reserves 3
38
cards
Chapter 1: Insurance products - background
Conditions for a risk to be insur...,
Criteria of insurable risk 2,
Moral hazard 3
52
cards
Chapter 2: Insurance products - types
Liability insurance 1,
Tort 2,
Different bases on which liabilit...
145
cards
Chapter 4: Accounting: methods and interpretation
Distinct methods used by general ...,
Annual or accident year accounts 2,
Funded underwriting year accounts 3
62
cards
Chapter 5: Reinsurance products - background
Reinsurance 1,
Retrocession 2,
Cede 3
38
cards
Chapter 6: Reinsurance products - types
Quota share 1,
Commissions payable under a quota...,
Return commission 3
52
cards
Chapter 7: Determining appropriate reinsurance
Factors influencing the amount an...,
Factors influencing reinsurance u...,
Causes of accumulations of risk 3
21
cards
Chapter 8: General insurance markets
Insurance providers can obtain re...,
Direct insurance companies 2,
Direct insurers can be grouped in...
74
cards
Chapter 9: External influences
Latent claim 1,
The risk inflation poses to gener...,
Inflation that affects household ...
36
cards
Chapter 10: Risk and uncertainty
Uncertainty 1,
Main headings that the uncertaint...,
Classification of elements that c...
38
cards
Chapter 11: Data
Main purposes actuaries need data...,
Reasons for lack of adequate data...,
Main sources of data 3
60
cards
Chapter 12: Actuarial investigations
Steps involved in a rating analys...,
Rating analysis estimating ultima...,
Rating analysis estimating the pr...
86
cards
Chapter 13: Reasons for estimating reserves and different reserving bases
Reasons for assessing a general i...,
Reserving basis 2,
Considerations when setting reser...
16
cards
Chapter 14: Best estimate reserves
Important issues when reserving 1,
Best estimate reserve 2,
Under sam the key characteristics...
67
cards
Chapter 15: Quantifying uncertainty in reserves
We can consider the run off of cl...,
Terms used to identify sources of...,
Process uncertainty 3
42
cards
Chapter 16: Assessment of the reserving results
Results of a reserving exercise n...,
Approaches to analysing the reser...,
Diagnostic 3
22
cards
Chapter 17: Reinsurance reserving
Inwards reinsurance vs outward re...,
Additional data issues for inward...,
Factors to consider when deciding...
27
cards
Chapter 18: Rating methodologies and bases
The rating methodology used will ...,
Components of the risk premium 2,
Components of the office premium 3
34
cards
Chapter 19: Methods of calculating the risk premium
Burning cost 1,
Burning cost premium bcp calculat...,
Effective burning cost 3
89
cards
Chapter 20: Further considerations when rating
Primary function of rating struct...,
When creating new rating structur...,
Requirements of good rating facto...
19
cards
Chapter 21: Investments and ALM
Components of return to sharehold...,
Primary objectives of investment 2,
The risk appetite of a general in...
37
cards
Chapter 22: Capital modelling
The aim of a capital model 1,
Available capital 2,
Required capital 3
93
cards
Glossary
24ths method 1,
365ths method 2,
Accident year 3
62
cards
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F103 General Insurance
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