This class was created by Brainscape user Sian Bourdin. Visit their profile to learn more about the creator.
By:
Sian Bourdin
- decks
- flashcards
- learners
Decks in this class (35)
Ch1: Life Insurance Products
Product cycle,
Customer needs met by endowment a...,
Capital requirements depend on
3
cards
Ch4: Life insurance products (4)
Differences in policyholder risk ...,
Aspects of insurance company that...
2
cards
Ch5: Income Protection
The main needs addressed by ip in...,
Groups who perceive the greatest ...,
Policy conditions should aim to
12
cards
Ch6: CI
When is a benefit payable under ci,
Needs met by ci policy,
Ease of understanding of conditio...
8
cards
Ch7: LTCI
Definition of ltci,
Costs can be divided into,
Other ltci benefits
11
cards
Ch8: Asset share
Deductions
1
cards
Ch9: With-profits surplus distribution
Additions to benefits types,
The amount of regular reversionar...,
Accumulating with profits
7
cards
Ch10: With-profits surplus distribution (2)
Revalorisation method,
Advantages of revalorisation method,
Disadvantages of revalorisation m...
7
cards
Ch11: General business environment (1)
Why is insurance sold and not bought,
If product is sold that does not ...,
Forms of direct marketing
4
cards
Ch12: General business environment (2)
Types of regulatory restrictions,
Approaches to taxation,
In terms of tax the overall attra...
3
cards
Ch13: Risk (1)
Data issues for health and care p...,
Three risks associated with morta...,
Expense risk for linked business ...
3
cards
Ch14: Risk (2)
New business mix risk,
Why directors may not follow actu...,
Risks from actions of distributors
4
cards
Ch15: Risk (3)
Aims of company,
Risk must be assessed in relation to
2
cards
Ch16: Unit pricing
Basic equity principle of unit pr...,
Appropriation price,
Calculation process appropriation...
4
cards
Ch17: Actuarial funding
Actuarial funding,
How can actuarial funding be achi...,
What is the purpose of actuarial ...
9
cards
Ch18: Models (1)
The requirements of a good model,
What factors would affect the num...,
Four types of life insurance models
16
cards
Ch19: Models (2)
The npv profit criterion depends ...,
Disadvantages of npv,
Useful measures with npv
11
cards
Ch20: Product design
Factors in product design,
Offering guarantees results in tw...,
Why is it important to treat cust...
3
cards
Ch21: Setting assumptions (1)
Basic method for setting assumptions,
What will expected future mortali...,
Advantages of using reinsurer dat...
20
cards
Ch22: Setting assumptions (2)
Considerations when setting assum...,
Uncertainty in assumptions pricin...,
Ev
8
cards
Ch23: Supervisory reserves and capital requirements (1)
Two fundamentally different purpo...,
Reserving methods,
Calculation of the non unit reseve
7
cards
Ch24: Supervisory reserves and capital requirements (2)
How can supervisory authorities e...,
Cost of capital approach for dete...,
Passive valuation approach
8
cards
Ch25: Surrender values
Main reasons for having no surren...,
Things to keep in mind when deter...,
Disadvantages of asset share meth...
12
cards
Ch26: Alterations
Principles to consider when deter...,
Principles to consider in assessi...,
Equating policy values
5
cards
Ch27: Cost of guarantees and options
Methods to determine value of opt...,
Cost of mortality option,
Factors affecting mortality options
5
cards
Ch28: Pricing health and care contracts
Inception disabled life annuity a...
1
cards
Ch29: Reinsurance
Factors the reinsurer will consid...,
Coinsurance using level risk prem...,
Risk premium financial reinsurance
5
cards
Ch30: Reinsurance (2)
Purpose of reinsurance,
Other ways of reducing claim payo...,
Cost reduction reduces cost of re...
8
cards
Ch31: Underwriting
Purpose of underwriting,
4 types of underwriting,
Medical evidence sources
5
cards
Ch32: Policy data checks
Consistency checks,
Simple data check procedures
2
cards
Ch33: Investments
We can consider asset types accor...,
The principles of investment,
Benefit payments can be subdivide...
7
cards
Ch34: Further risk management
It will be necessary to monitor f...,
To reduce mismatch between actual...,
Expense control
6
cards
Ch35: Monitoring experience
Reasons for monitoring experience,
Consistent data,
Subdivision categories for persis...
11
cards
Additional
Steps in pricing and design,
List the items that an insurer wi...,
Financial strength
121
cards
Additional 2
Considerations when deciding on s...,
Why company may hold equity in ex...,
Why is it not always possible for...
41
cards
More about
F2
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Sian Bourdin's F2 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
F2 E3 Shea
- 16 decks
- 641 flashcards
- 3 learners
Decks:
Influenza, Acute Bronchitis Pertussis, Asthma, And more!
MJ- F2 E4- Neuro
- 19 decks
- 977 flashcards
- 7 learners
Decks:
Headaches Migraines Mj, Headaches Primary Has Mj, Headaches Secondary Has Mj, And more!
