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By:
Jennifer Steele
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Decks in this class (25)
Life Insurance Products
What steps form the product life ...,
Surrender,
Paid up
27
cards
Asset Share
Difference between unit fund and ...,
How do surrender penalities reduc...,
Slightly distant factors that aff...
7
cards
Income Protection Products
Income protection product,
Main customers for ip products,
Locum protection insurance
26
cards
Critical Illness Products
Critical illness insurance,
List the three main forms of ci p...,
Ci rider to life policy
15
cards
Long-term Care Insurance
Long term care,
Aims of ltc,
Aims of ltc insurance
12
cards
With-profits Surplus Distribution
List how profits may be distributed,
Key decisions when deciding to di...,
Why does the insurer want to defe...
19
cards
The General Business Environment
List the most common distribution...,
Independent intermediaries,
Tied agents
14
cards
Risk
Why does risk arise in life insur...,
List the three classes of risk,
Model risk
18
cards
Unit Pricing
Basic equity principle,
Basic unit price calculation,
Offer price
15
cards
Actuarial Funding
Actuarial funding,
What is the purpose of actuarial ...,
Fully funded value of the unit fu...
5
cards
Models
Prime objective of models,
How do models achieve their prime...,
List the different types of model
44
cards
Product Design
Situations in which to consider p...,
Dual pricing,
If a company is faced with large ...
6
cards
Setting Assumptions
Basic methodology for setting ass...,
List the factors parameters for w...,
Margin size depends on
19
cards
Policy Data Checks
Analysis of surplus,
Charge encashments,
The actuary will want to check th...
7
cards
Pricing Health And Care Contracts
Critical illness incidence rate,
Critical illness claim incidence ...,
Accelerated critical illness clai...
11
cards
Supervisory Reserves And Capital Requirements
Reasons for calculating reserves ...,
List the key features of the net ...,
Unit reserve
35
cards
Reinsurance
List the main types of lofe insur...,
Coinsurance on original terms,
Coinsurance using a level risk pr...
19
cards
Underwriting
List the four main types of under...,
What is the main purpose of under...,
Uses of underwriting
16
cards
Surrender Values
List 5 reasons for not having a s...,
List the factors to consider in d...,
Auction value
16
cards
Alterations
List the types of possible policy...,
Paid up sums assured should,
Boundary condition
14
cards
Cost Of Guarantees And Options
List examples of investment guara...,
What liability is created by an i...,
List the methods that may be used...
11
cards
Investments
Esg concerns,
An esg model,
Liability outgo calculation
22
cards
Further Risk Management
List ways the company can try to ...,
List ways in which the insurer ca...,
List conclusions that may be draw...
12
cards
Monitoring Experience
List reasons to monitor experience,
List features that management can...,
List types of experience investig...
31
cards
The Big Picture
Layout of a life company s revenu...,
Layout of a life company s balanc...,
Steps in product design and pricing
34
cards
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f102
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