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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 3 basic aspects insurers ne...,
Comment on the considerations an ...,
What kind of customer needs might...
11
cards
Ch 1: Life ins prods - Endowment
Summary card 1,
Describe an endowment contract 6 ...,
Describe the forms under which en...
7
cards
Ch 2: Life ins prods - Whole life, Term assurance
Summary card 1,
Describe a whole life assurance c...,
Discuss the risks to an insurance...
10
cards
Ch 3: Life ins prods - Annuities (immediate, deferred)
Summary card 1,
Describe in detail the core struc...,
What forms may be used to write i...
8
cards
Ch 4: Life ins prods - Bases, unit linked
Summary card 1,
Describe 4 bases on which life in...,
Outline the key features of unit ...
12
cards
Ch 5: Income protection insurance
Discuss the customer needs met by...,
List the key features of an ip co...,
What are some key requirements re...
18
cards
Ch 6: Critical illness insurance
Describe a critical illness insur...,
In addition to the core descripti...,
What characteristics are required...
16
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
Summary card 1,
Define asset share 4 2,
How do we derive asset share form...
10
cards
Ch 9: With-profits surplus distribution 1
Summary card 1,
List 3 forms in which profits can...,
Explain why the insurer and the w...
16
cards
Ch 10: With-profits surplus distribution 2
Summary card 1,
Describe the revalorisation syste...,
State 4 advantages of revalorisat...
17
cards
Ch 11: General business environment, 1
Summary card 1,
List the factors in the general b...,
List 4 distribution channels used...
12
cards
Ch 12: General business environment, 2
Summary card 1,
List the factors in the general b...,
Describe how an insurer may be af...
12
cards
Ch 20: Product design
Summary card 1,
List 12 factors to be considered ...,
Meeting customer needs 3
16
cards
Ch 13: Risk 1
Summary card 1,
Give an overview of the broad cat...,
List 16 possible sources of risk ...
10
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 principle risks asso...
11
cards
Ch 17: Actuarial funding
What is actuarial funding 4 1,
What are the requirements necessa...,
What common mechanisms can be use...
9
cards
Ch 18: Models 1
Summary card 1,
State the prime objective in buil...,
State the requirements of a good ...
13
cards
Ch 19: Models 2
Summary card 1,
What is product pricing 2 2,
Model points what is a model poin...
23
cards
Ch 21: Assumptions 1
Summary card 1,
Background on assumptions 2,
Best estimate mortality 3
34
cards
Ch 22: Assumptions 2
Summary card 1,
In the first chapter on setting a...,
Valuing liabilities overview 3
30
cards
Ch 23: Supervisory reserves and capital requirements 1
Summary card 1,
Reserves background what are the ...,
Reserves background what 2 primar...
16
cards
Ch 24: Supervisory reserves and capital requirements 2
Summary card 4 1,
Discuss the relationship between ...,
Describe what we mean by market c...
20
cards
Ch 25: Surrender values
Summary card 1,
What do we mean by surrender 1 2,
What type of contracts do we main...
28
cards
Ch 26: Alterations
Summary card 1,
There are 2 broad categories of a...,
There are 2 broad categories of a...
25
cards
Ch 27: Cost of investment guarantees and mortality options
What are the key topics we cover ...,
Why are investment gurantees usef...,
Give examples of investment guara...
26
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
State the 3 main principles of in...,
List the 4 main asset classes in ...,
What are the key characteristics ...
30
cards
Ch 28: Pricing health and care contracts
0
cards
Ch 29: Reinsurance 1
Define reinsurance 6 1,
What are the main types of reinsu...,
Describe factultative vs obligato...
28
cards
Ch 30: Reinsurance 2
List various reasons why insurer ...,
What is insurance parameter risk ...,
Describe 2 factors which lead to ...
26
cards
Ch 31: Underwriting
Explain what is meant by underwri...,
What is the main purpose of under...,
How does underwriting compare for...
25
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...
33
cards
Ch 36: The Big Picture
0
cards
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Actuarial F102 Content - Life Insurance Fellowship Principles (2019)
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