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Uthmaan Ebrahim
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Decks in this class (36)
Chapter 1 - Life insurance products
What is a paid up benefit,
What is lapse,
What is a surrender
11
cards
Chapter 2 - Life insurance products (2)
What is whole life assurance,
What is term assurance,
What can a decreasing term assura...
7
cards
Chapter 3 - Life insurance products (3)
Immediate annuity contracts,
Why are surrenders not normally a...,
What is the main risk with annuities
5
cards
Chapter 4 - Life insurance products (4)
What is without profits,
What is with profits,
What is unit linked
11
cards
Chapter 5 - H&C insurance products (Income protection)
What is the aim of ip,
What is the difference between il...,
What are the main needs addressed...
20
cards
Chapter 6 - H&C Critical illness
What is the benefit payable under...,
When is a benefit payable under ci,
What is the difference between ri...
15
cards
Chapter 7 - H&C Long term care
Long term care,
How is the cost of long term care...,
What is informal care
16
cards
Chapter 8 - Asset share
What is asset share,
What are the deductions associate...,
How does strengthening the reserv...
3
cards
Chapter 9 - With-profits Surplus distribution
What are the possible ways in whi...,
From the point of the insurer is ...,
Does giving a bonus as a benefit ...
14
cards
Chapter 10 - With- Profits Surplus Distribution (2)
What is the revalorisation method,
What is the savings profit,
What is the insurance profit
8
cards
Chapter 11 - The General Business Environment
What are the various distribution...,
What are the key risks to the ins...,
What form does direct marketing take
5
cards
Chapter 12 - The general business environment (2)
What are the restrictions governm...,
What are the ways in which a life...,
The overall attractiveness of a l...
4
cards
Chapter 13 - Risk (1)
List the key risks associated wit...,
Possible reasons for heterogeneit...,
4 other problems with using indus...
7
cards
Chapter 14 - Risk (2)
What are the sources of risk to a...,
How can a change in mix of new bu...,
How can the volume of new busines...
11
cards
Chapter 15 - Risk (3)
What are the main aims of the ins...,
Why is the downgrading of a compa...
2
cards
Chapter 16 - Unit pricing
What does an internal unit linked...,
What is the basic equity principl...,
What is the appropriation price
12
cards
Chapter 17 - Actuarial Funding
What is actuarial funding,
What are the two types of units t...,
On which kind of unit allocation ...
5
cards
Chapter 18 - Models (1)
Outline the operational issues th...,
What are model points why are the...,
In what ways does political commi...
11
cards
Chapter 19 - Models (2)
What are the main uses of models,
Cashflow approach to pricing,
What is a profit criteria
14
cards
Chapter 20 - Product design
List 18 factors to consider when ...,
What advantages to unit linked co...,
How can the capital strain of a n...
8
cards
Chapter 21 - Setting assumptions (1)
Which risks can be reduced by app...,
What is the common framework used...,
What is the main demographic assu...
26
cards
Chapter 22 - Setting assumptions (2)
What should be considered when se...,
What is the difference in setting...,
How to calculate the embedded value
6
cards
Chapter 23 - Supervisory reserves and capital requirements (1)
What are the purposes of reserves,
What are the uses of investigatin...,
What are the two primary reservin...
11
cards
Chapter 24 - Supervisory reserves and capital requirements (2)
How can the supervisory authority...,
What is market consistent value o...,
What rates of return are used in ...
13
cards
Chapter 25 - Surrender values
What are the main reasons for hav...,
To determine surrender values wha...,
What is the auction value of a po...
17
cards
Chapter 26 - Alterations
What are the alterations availabl...,
What are the two considerations t...,
What principles should be conside...
16
cards
Chapter 27 - Cost of guarantees and options
If an insurance company offers gu...,
How can the value of these liabil...,
How are the options incorporated ...
8
cards
Chapter 28 - Pricing health and care contracts
What is the difference between si...,
When would sickness and claim inc...
2
cards
Chapter 29 - Reinsurance (1)
What is reinsurance,
What is original terms reinsurance,
What are the main factor the rein...
14
cards
Chapter 30 - Reinsurance (2)
What are the benefits of reinsurance,
Why can large fluctuations in cla...,
What are the ways the insurer can...
7
cards
Chapter 31 - Underwriting
What is underwriting,
Why do insurers underwrite business,
What are the main types of udnerw...
13
cards
Chapter 32 - Policy data checks
How can a data reconciliation che...,
For data can be checked for non u...,
Data that can be checked for unit...
4
cards
Chapter 33 - Investment
We can consider asset types accor...,
Characteristics of government fix...,
Characteristics of index linked b...
13
cards
Chapter 34 - Further Risk management
In which ways might a company try...,
Commissions should be controlled ...,
What are the ways in which commis...
6
cards
Chapter 35 - Monitoring experience
Reasons for monitoring,
What kind of corrective action mi...,
What is the basic requirement wrt...
17
cards
Chapter 36 - The big picture
What are the main steps in produc...,
How can the risk of underestimati...
2
cards
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F102
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