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Kalpana Kumar
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Decks in this class (26)
Chapter 1: Insurance Companies
Actuarial roles within general in...,
Technical reserves,
2 types of technical liabilities
40
cards
Chapter 2: Insurance Products - Background
3 conditions for a risk to be ins...,
6 criteria of insurable risk,
Uberrima fides
56
cards
Chapter 3: Insurance Products - Types
Liability insurance,
Tort,
Liability insurance claims are us...
50
cards
Chapter 5: Reinsurance products - background
Define reinsurance,
Define retrocession,
Define cede
32
cards
Chapter 6: Reinsurance products - types
Quota share,
Commissions payable under a quota...,
Return commission
51
cards
Chapter 7: General Insurance Markets
Reinsurance for insurance provide...,
Direct insurers,
3 groups of direct insurers
33
cards
Chapter 8: Regulation
Examples of regulationmnemonic sa...,
Objectives of regulationmnemonic ...,
Disadvantages of regulationmnemon...
26
cards
Chapter 9: The External Environment
3 reasons why medical inflation c...,
3 components of personal injury c...,
Describe the underwriting cycle
24
cards
Chapter 10: The Lloyd's market
Describe briefly what lloyd s is,
Define a lloyd s syndicate and ex...,
Define syndicate
24
cards
Chapter 11: Risk and Uncertainty
Uncertainty,
6 categories of risks and uncerta...,
4 main headings of elements of ri...
40
cards
Chapter 12: Data
Actuaries need data for 3 main pu...,
2 main reasons lack off adequate ...,
2 main categories of data sources
52
cards
Chapter - 13: Actuarial investigations and analyses
State and explain the reasons why...,
Suggest how the strength of basis...,
What are the investigations that ...
23
cards
Chapter 14: Reserving bases
9 reasons for assessing a general...,
Define reserving basis,
Considerations when setting reser...
25
cards
Chapter 15: Triangulation methods (Best estimate reserves)
2 important issues when presentin...,
Best estimate reserve,
In sam the best estimate is chara...
72
cards
Chapter 16: Stochastic Reserving Methods
9 random factors influencing the ...,
Heads of damage,
Further uncertainties in using hi...
38
cards
Chapter 17: Assessment of reserving results
The results of the reserving exer...,
2 approaches to analysing the res...,
Diagnostic
45
cards
Chapter 18: Reserving uncertainty
Best estimate reserve definition ...,
Four approaches to quantify uncer...,
Points to consider when reporting...
48
cards
Chapter 19: Investment principles and ALM
2 components of return to shareho...,
Primary objectives of investment,
The risk appetite of the insurer ...
48
cards
Chapter 20: Capital Modelling Methodologies
Aim of a capital model,
Components of a capital model,
Explain why we might split premiu...
55
cards
Chapter 21: Capital modelling - assessment of capital for various risk types
Types of capital,
Available capital,
Required capital
77
cards
Chapter 22: Capital Modelling - Allowance for diversification
State why diversification effects...,
State why correlation effects arise,
Capital modelling investigations
36
cards
Chapter 23: Capital Modelling - practical considerations
How might a capital model be used...,
How might a capital model be used...,
How might a capital model be used...
24
cards
Chapter 24: Determining appropriate reinsurance
3 causes of risk accumulations,
Coinsurance,
Why would a new company use reins...
24
cards
Chapter 25: Reinsurance reserving
Data can be a problem particularl...,
7 factors to consider when groupi...,
6 main methods reserving for outw...
32
cards
Chapter 26&27: Accounting: Methods and Interpretation
2 distinct methods used by genera...,
Annual or accident year accounts,
Funded or underwriting year accounts
58
cards
Command Verbs - IFoA exam
Define,
Describe,
Draw
54
cards
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