This class was created by Brainscape user Rein Gong. Visit their profile to learn more about the creator.

Decks in this class (41)

ACC
0  cards
Actuarial Advice
Private sector stakeholders whom ...,
Stakeholders of the public sector...,
Examples actuaries may advise on
5  cards
External Environment
Legislation and regulation,
State benefits,
Tax
14  cards
Regulation
Aims of regulation of financial s...,
Direct cost,
Indirect costs
10  cards
Introduction To Financial Products And Customer Needs
Benefits categories,
Insurance principles,
Customer needs
3  cards
Benefits Overview And Providers Of Benefits
Type of schemes,
Major roles played by the state,
Reasons for employers sponsoring ...
4  cards
Life Insurance Products
Pure endowment and endowment assu...,
Term assurance,
Convertible or renewable term ass...
11  cards
Healthcare Products
Things to think about when consid...,
Private medical insurance,
Critical illness insurance
5  cards
General Insurance Products
Liability insurance types,
Property damage insurance,
Financial loss insurance
4  cards
Bond And Money Markets
Cash on deposit instruments,
Types of money market instruments,
Main players of money markets
9  cards
Equity And Property Markets
Investment and risk characteristi...,
Quoted shares,
Reasons why it is practical for a...
7  cards
Other Investment Classes
Give the main characteristics of ...,
Give an explain the two types of ...,
Regulation that ciss could cover
14  cards
Behavior Of The Markets
Risk profile of asset classes,
Supply and demand,
Interest rates
11  cards
Valuation Of Investments
Common methods of valuing assets,
Market values vs calculated value...,
Market values vs calculated value...
8  cards
Relationship Between Returns On Asset Classes
Required return,
Expected return,
When does required and expected r...
6  cards
Choosing An Appropriate Investment Strategy
Institutional investment objectives,
Ways risk can be defined,
What risk appetite depends on
5  cards
Asset Liability Management
The principles of investment,
Liability cashflows,
Mismatching
7  cards
Investment Management
Active and passive management,
Tactical asset allocation,
Risk budgeting
10  cards
Modelling
Producing a solution,
Construction of actuarial model,
Developing a model
10  cards
Data
Personal data,
Big data,
Data governance
5  cards
Assumptions
Factors affecting the choice of a...,
Historical and current data,
Assumptions for pricing
3  cards
Mortality And Morbidity
Risk classification,
Principal factors contributing to...,
Selection the process by which li...
3  cards
Expenses
Expense allocation,
Expense allocation,
Adjustment to pricing expenses lo...
3  cards
Contract Design
In designing or reviewing any con...
1  cards
Pricing And Financing Strategies
Cost vs price,
Incidence of money paid in,
Defined benefit pension schemes a...
3  cards
Risk Governance
The risk management process,
Benefits of a risk management pro...,
Systematic vs diversifiable risk
5  cards
Risk Identification And Classification
Risk identification,
Risk categories,
Market risk
9  cards
Risk And Uncertainties
Risk and uncertainties,
Benefit risks,
Contribution premium riskfor cont...
7  cards
Accepting Risk
Risk appetite and risk efficient,
Risk and product design,
Criteria that makes a risk insurable
5  cards
Risk Measurement And Reporting
Scenario analysis,
Stress testing,
Reverse stress tests
7  cards
Risk Transfer
When faced with a risk each stake...,
The choice of mitigation approach...,
The extent of risk transfer will ...
9  cards
Other Risk Controls
Diversification risk can be manag...,
Risk factors vs rating factors,
Underwriting
10  cards
Provisions
Reasons for calculating provisions,
Purpose of global provision,
Different bases
5  cards
Valuation Of Liabilities
Traditional discounted method,
Market based reflecting assets held,
Fair value replicating portfolio
8  cards
Reporting Results
Areas attention should be paid to...,
Insurance companies,
Banks useful measures for assessi...
5  cards
Insolvency And Closure
Insolvency of an insurance compan...,
If the insurer s financial positi...,
It is important to project the in...
10  cards
Capital Management
What does capital management of a...,
Capital is needed by individuals to,
Capital is needed by companies to
7  cards
Capital Requirements
Regulatory capital what is regula...,
Pillars of solvency ii,
Levels of capital requirements un...
8  cards
Surplus And Surplus Management
Surplus,
Reasons for performing an analysi...,
Carrying out an analysis of surplus
8  cards
Monitoring
Reasons for monitoring experience,
Data required for monitoring,
Analysis process
5  cards
Banking
0  cards

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ARM

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