This class was created by Brainscape user Nilaksha Satkunalingam.
By:
Nilaksha Satkunalingam
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Decks in this class (21)
Chapter 1 - insurance companies
What is the need to have free res...,
What methods do actuaries use to ...,
What are technical reserves 3
21
cards
Chapter 2 - insurance products background
Factors for a risk to be insurable 1,
Policy document info 2,
Exclusions reasons for exclusions...
34
cards
Chapter 3 - Insurance Products - Types
Combined policies exmaples 1,
Fixed benefit insurance benefits ...,
Whats the 4 difference gi insuran...
33
cards
Chapter 5 - RI Products -background
What is financial ri 1,
What is risk attaching rad 2,
Non proportional ri adv types and...
12
cards
Chapter 6 - RI products (Types)
Conditions reinsurers may impose ...,
What is stop loss ri 2,
Why reinsurers avoid stop loss ri 3
21
cards
Chapter 7 - General insurance markets
What is direct insurance 1,
Who are composite direct insurers 2,
What is the london market 3
17
cards
Chapter 8 - External Environment
Four different types of inflation...,
What will happen if you dont cons...,
Economic conditions eg low growth...
36
cards
Chapter 9 - Risk & Uncertainty
Uncertainty in insurance policies 1,
Process uncertainity and effect o...,
What is data error 3
7
cards
Chapter 10 - Data
What does internal data include 1,
One form of external data is indu...,
Heterogneity issue with using ind...
38
cards
Chapter 11 - aggregate claims distribution models
What is an individual risk model ...,
Limitations of individual risk mo...,
What is the collective risk model 2
8
cards
Chapter 12 - Rating Methods and bases
What is technical premium 1,
What are the loadings 2,
What are the key steps to derivin...
48
cards
Chapter 13 - further consideration when rating
When underwriting the effort depe...,
What is the purpose of rating fac...,
When using rating factors depends...
28
cards
Chapter 14 - rating using frequency severity and burning cost approaches
What are the 2 types of methods t...,
Frequency and severity and key as...,
Advantages and disadvantages of f...
36
cards
Chapter 15 - rating using original risk curves
When are orginal loss curves comm...,
3 types of loss curves fls ilf xo...,
What addiitonal allowances needs ...
38
cards
Chpater 16 - Generalised linear modelling
What is a glm 1,
Blank 2,
Where male young is 90 male old i...
29
cards
Chapter 17 - use of multivariate models in pricing
External data for rating how to l...,
There are 2 approaches to classif...,
Degree of smoothign 3
14
cards
Chapter 18 - credibility theory
What is credibility theory 1,
Explain bayesian and classical to...,
What does the standard for full c...
15
cards
Chapter 19 - Actuarial Investigations
What is the purpose of rating ana...,
What are the steps in the rating ...,
What to do for new risks where we...
45
cards
Chapter 20 - Reinsurance pricing
3 loadings used for ri pricing 1,
Explain expense laoding in ri pri...,
Explain profit roe risk loadings ...
39
cards
Chapter 21 - use of cat models
Why are cat model needed 1,
Cat modelling new apporach since ...,
What is cat modelling 3
9
cards
Exam Quesitons
Why would company introduce a new...,
Impact of large losses on freq se...,
How can you treat large losses 3
16
cards
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