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Decks in this class (38)
0. Course Overview
Give an overview/bird's eye view of the course material/subject matter for F102
7
cards
Ch 1 - 7: Life and health ins prods - Important overview
State the factors to consider whe...,
Comment on the considerations of ...,
Define new business strain both i...
10
cards
Ch 1: Life ins prods - Endowment
Summary card 1,
Describe an endowment contract 6 ...,
Describe the forms under which en...
9
cards
Ch 2: Life ins prods - Whole life, Term assurance
Describe a whole life assurance c...,
Discuss the risks to an insurance...,
Describe the 5 factors that affec...
12
cards
Ch 3: Life ins prods - Annuities (immediate, deferred)
Describe in detail the structure ...,
Additonal features of immediate a...,
What forms may be used to write i...
9
cards
Ch 4: Life ins prods - Bases, unit linked
Describe 4 bases on which life in...,
For each of the following product...,
Compare conventional without prof...
16
cards
Ch 5: Income protection insurance
Provide an overview for ip produc...,
Discuss the customer needs met by...,
What are some key requirements re...
15
cards
Ch 6: Critical illness insurance
Describe a critical illness insur...,
How does ci meet customers needs 2,
What factors make a condition ins...
17
cards
Ch 7: Long-term care insurance
Describe a long term care insuran...,
What is long term care 7 2,
Describe i the optimal outcomes o...
21
cards
Ch 8: Asset shares
Define asset share 3 1,
Components of asset share 2,
Components of asset share 3
10
cards
Ch 9: With-profits surplus distribution 1
List 3 methods of distributing pr...,
Explain why the insurer and the w...,
What is it that forms part of the...
14
cards
Ch 10: With-profits surplus distribution 2
Describe the revalorisation syste...,
State 6 advantages of revalorisat...,
State 4 disadvantages of the reva...
14
cards
Ch 11: General business environment, 1
Summary card 1,
Discuss the propensity to purchas...,
List the factors in the general b...
12
cards
Ch 12: General business environment, 2
List the factors in the general b...,
Describe how an insurer may be af...,
Outline expenses and comm 3
12
cards
Ch 13: Risk 1
Summary card 1,
Give an overview of the broad cat...,
List 16 possible sources of risk ...
11
cards
Ch 14: Risk 2
Summary card 1,
Risk due to new business mix 2,
Risk due to new business volumes 3
10
cards
Ch 15: Risk 3
Summary card 1,
State the overall aims of a life ...,
Comment on aggregation and concen...
6
cards
Ch 16: Unit pricing
Summary card 1,
Define an internal unit linked fu...,
What are the risks associated wit...
11
cards
Ch 17: Actuarial funding
Initial charges and nub strain on...,
What is the aim of actuarial fund...,
What are the requirements necessa...
10
cards
Ch 18: Models 1
State the prime objective in buil...,
State the requirements of a good ...,
What are model points 3 3
16
cards
Ch 19: Models 2
Summary card 1,
What is product pricing 2 2,
Model points what is a model poin...
24
cards
Ch20: Product design
Summary card 1,
List 12 factors to be considered ...,
Meeting customer needs 3
16
cards
Ch 21: Assumptions 1
Summary card 1,
Background on assumptions 2,
Methodology for setting assumptio...
32
cards
Ch 22: Assumptions 2
Valuing liabilities overview 1,
Valuing liabilities published acc...,
Valuing liabilities supervisory r...
20
cards
Ch 23: Supervisory reserves and capital requirements 1
Summary card 1,
Reserves background what are the ...,
Define the gross premium valution...
15
cards
Ch 24: Supervisory reserves and capital requirements 2
Summary card 4 1,
Discuss the relationship between ...,
Describe what we mean by market c...
21
cards
Ch 25: Surrender values
What do we mean by surrender 1 1,
For each of these why may or may ...,
List principles that should be co...
21
cards
Ch 26: Alterations
There are 2 broad categories of a...,
There are 2 broad categories of a...,
Describe the pup sa s consistency...
19
cards
Ch 27: Cost of investment guarantees and mortality options
Why are investment guarantees use...,
Give examples of investment guara...,
What is the key risk implication ...
24
cards
Ch 28: Pricing health and care contracts
Income protection multi state mod...,
Notation 2,
The general method 7 3
13
cards
Ch 29: Reinsurance 1
Define reinsurance 5 1,
What are the main types of reinsu...,
Describe factultative vs obligato...
26
cards
Ch 30: Reinsurance 2
List various reasons why insurer ...,
What is insurance parameter risk ...,
Describe 2 factors which lead to ...
25
cards
Ch 31: Underwriting
Explain what is meant by underwri...,
What is the main purpose of under...,
How does underwriting compare for...
24
cards
Ch 32: Policy data checks
Why are policy data checks import...,
For what purposes might data reco...,
What kind of data reconciliation ...
6
cards
Ch 33: Investment
What are the key characteristics ...,
Asset characteristics 2,
List the 4 main asset classes in ...
27
cards
Ch 34: Further risk management
What are some initial risk manage...,
Expense control what is the main ...,
Expense control discuss the vario...
15
cards
Ch 35: Monitoring experience
In what different ways can experi...,
List reasons for monitoring exper...,
List 4 reasons a life company may...
29
cards
Ch 36: The Big Picture
0
cards
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Chapter 1 Life Insurance Products Endowm, Chapter 2 Life Insurance Products Whole, Chapter 3 Life Insurance Products Annuit, And more!
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0 Course Overview, Ch 1 7 Life And Health Ins Prods Importa, Ch 1 Life Ins Prods Endowment, And more!
