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Rayno Mostert
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Decks in this class (57)
Chapter 0: CA1
5 nodes of the actuarial control ...,
Key topics under the general comm...,
Key topics when specifying the pr...
26
cards
Chapter 1, 2 - Professionalism & Stakeholders
Professional role of an actuary t...,
What are actuaries main jobs in t...,
Skills necessary to perform the a...
42
cards
Chapter 3 - External Environment
List 19 external environment cons...,
External environment 2,
External environment 3
22
cards
Chapter 4: Regulation
What ware the 2 competing goals r...,
Direct costs of regulation 2,
Indirect costs of regulation 3
29
cards
Chapter 5: Intro to financial products and customer needs
Benefits can be categorised as 5 1,
What are the 5 types of benefit p...,
5 financial product categories 3
20
cards
Chapter 6: Providers of Benefits
Defined benefit scheme 1,
Defined contribution scheme 2,
Hybrid scheme 3
20
cards
Chapter 7: Life insurance overview and life products
Pure endowment endowment assurance 1,
Whole life assurance 2,
Term assurance 3
14
cards
Chapter 8: General insurance overview and general insurance products
Liability insurance 1,
Motor 3rd liability insurance 2,
Public liability insurance 3
26
cards
Chapter 9: Cashflows of simple products
Cashflows 1,
Cashflow projection 2,
Payments from the provider 3
14
cards
Chapter 10: Contract design
Contract design factors 1,
Parties involved in contract desi...,
3 influences on client s actual n...
34
cards
Chapter 11: Project Management
Key factors in managing a success...,
7 policies contained in the writt...,
Project owner sponsor 3
12
cards
Chapter 12: Capital Project Appraisal
Capital project 1,
Main purpose of initial capital p...,
Criteria for initial appraisal ar...
30
cards
Chapter 13: Money Markets
Money market instruments can be i...,
4 types of bank deposits 2,
Call deposits 3
15
cards
Chapter 14: Bond Markets
Bond 1,
Bonds are described by 2 2,
Gilts 3
16
cards
Chapter 15: Equity Markets
Ordinary share 1,
Investment and risk characteristi...,
Quoted shares 3
12
cards
Chapter 16: Property Markets
System t 1,
Property 2,
Direct property investment 3
27
cards
Chapter 17: Futures and options
Derivative 1,
Forward contract 2,
Futures contract 3
22
cards
Chapter 18: Collective investment schemes
Collective investment schemes cis 1,
2 types of cis 2,
Close ended cis 3
18
cards
Chapter 19: Overseas Markets
3 main reasons to hold foreign as...,
How would foreign assets increase...,
Fundamental drawbacks of overseas...
21
cards
Chapter 20: Economic influences on investment markets
Short term interest rates are det...,
6 main factors affecting bond yie...,
Level of the equity market is det...
36
cards
Chapter 21: Other influences on investment markets
Equity market supply 1,
Main reasons for the demand of an...,
What factors influence the invest...
9
cards
Chapter 22: Relationship between returns on asset classes
Return that investors as a whole ...,
Expected return can be analysed as 2,
Capital growth occurs due to 2 3
11
cards
Chapter 23: Valuation of individual investments
8 valuation methods 1,
Fair value 2,
What are the characteristics of m...
27
cards
Chapter 24: Valuation of asset classes and portfolios
Expected return on government bon...,
Expected return on corporate bonds 2,
Expected return on equities 3
29
cards
Chapter 25: Investment strategy - Institutions
4 definitions of risk 1,
4 items influencing risk appetite...,
4 main features of liabilities th...
14
cards
Chapter 26: Investment strategy - Individuals
6 main factors an individual shou...,
Characteristics of individual s i...,
What do investor cashflow require...
12
cards
Chapter 27: Developing and investment strategy (1)
Principles of investment 1,
In practice the actual liability ...,
Liability outgo can be split by n...
18
cards
Chapter 28: Developing and investment strategy (2)
Active investment strategy 1,
Passive investment strategy 2,
Historic tracking error 3
39
cards
Chapter 29: Modelling
Requirements of a good model 1,
Dynamic model 2,
Steps involved in running a deter...
23
cards
Chapter 30: Data
Main uses of data 1,
2 main sources of data 2,
Poor data can be due to 2 3
14
cards
Chapter 31: Setting assumptions
5 key factors affecting the choic...,
When having past data the actuary...,
Features that can make a contract...
19
cards
Chapter 32: Expenses
Fixed expenses 1,
Variable expenses 2,
Direct expenses 3
19
cards
Chapter 33: Pricing and Financing Strategies
Cost of benefits 1,
Premiums should be calculated as 2,
Premiums contributions should all...
25
cards
Chapter 34: Discontinuance
Overriding principle in determini...,
4 factors for the insurer to cons...,
In setting discontinuance benefit...
37
cards
Chapter 35: Valuing liabilities
Provisions 1,
3 bases 2,
Best estimate basis 3
35
cards
Chapter 36: Valuing liabilities (2)
2 sets of approaches to valuing a...,
Discounted cashflow approach 2,
Stochastic deflators 3
18
cards
Chapter 37: Accounting and disclosure
Interpreting accounts 5 1,
4 ratios to analyse insurance acc...,
Disclosure of benefit schemes cou...
20
cards
Chapter 38: Surplus and Surplus Management
Profit 1,
Surplus 2,
Surplus arising 3
39
cards
Chapter 39: Sources of Risk
6 major types of risk faced by a ...,
4 financial risks 2,
2 non financial risks 3
59
cards
Chapter 40: Risks in benefit schemes
The risks may relate to the level...,
Key risks to the beneficiary 2 2,
Key risks to the sponsor 2 3
38
cards
Chapter 41: Pricing and insuring risks
Risk classification 1,
Risk classification helps the pro...,
Risk appetite may relate to 3
20
cards
Chapter 42: Risk management process (1)
Risk management 1,
The risk management process consi...,
Risk management process 3
27
cards
Chapter 43: The Risk Management Process (2)
Risk measures 1,
Risk measures 2,
Risk measures 3
23
cards
Chapter 44: Risk management tools (1)
Main benefits of reinsurance 1,
2 main types of reinsurance 2,
Proportional reinsurance 3
43
cards
Chapter 45: Risk Management tools (2)
Risks can be managed through dive...,
Underwriting 2,
6 ways in which underwriting can ...
29
cards
Chapter 46: Capital Management
Capital management 1,
Capital needs individuals 2,
Capital needs 3
33
cards
Chapter 47: Capital Management (2)
Regulatory solvency capital requi...,
The basel accord 2,
3 pillars of solvency ii 3
29
cards
Chapter 48: Monitoring
3 reasons for monitoring experien...,
3 reasons why it may be desirable...,
Data required for modelling 3
16
cards
Glossary
Yes, you do need to study the glossary in CA1. I have even come across entire questions in fellowship papers that are built around a single glossary definition (lookup "protected NCD" in ASSA's F103).
184
cards
Past Exam Questions
Investment strategy main consider...,
Main characteristics of a defined...,
Main characteristics defined cont...
68
cards
QA Bank Part 1
Outline areas of a life insurance...,
Principle of proportionality 2,
Principle of materiality 3
43
cards
QA Bank Part 2
Income protection contract 1,
Critical illness contract 2,
Long term care contract 3
15
cards
QA Bank Part 3
Project owner sponsor 1,
Project manager 2,
Role of the investment submission 3
13
cards
QA Bank Part 7
4 advantages of a deterministic m...,
3 advantages of a stochastic model 2,
Steps in developing and applying ...
43
cards
QA Bank Part 8
Define provisions 1,
10 reasons for calculating provis...,
7 factors that will influence the...
20
cards
QA Bank Part 9
Credit risk 1,
4 examples of credit risk 2,
Liquidity risk 3
76
cards
Chapter X - Health Insurance
What is health 1,
What are the roles of the state i...,
Who are the stakeholders of healt...
13
cards
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Actuarial Risk Management CA1
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