This class was created by Brainscape user Derrick Lategan. Visit their profile to learn more about the creator.
By:
Derrick Lategan
- decks
- flashcards
- learners
Decks in this class (28)
PLEASE READ THE CARDS IN THIS DECK FIRST
Please add and edit cards and cha...,
If you are struggling to see all ...
2
cards
Chapter 1
4 main risks in life insurance 1,
New business strain arises due to...,
Formula for capital strain 3
10
cards
Chapter 2
Extent of risks on wl depends on 1,
Renewable convertible ta crux 2
2
cards
Chapter 3
Needs met by immediate annuities 3 1,
Risk that expense reserves are in...,
Annuities do not usually allow fo...
3
cards
Chapter 4
4 bases for products 1,
Unit fund 2,
Non unit fund 3
5
cards
Chapter 5
Locum protection insurance 1,
Complexities of ip 5 2,
Policy conditions should aim to 3 3
23
cards
Chapter 6: Critical Illness
Keyman cover 1,
3 conditions that make an illness...,
Insured lives may differ from uni...
14
cards
Chapter 7: Long Term Care Insurance
People needing ltc 3 1,
Definition of ltc 2,
Optimal ltc design aims to 3 3
9
cards
Chapter 8: Asset Shares
Asset share 1,
Asset share cfs 2,
Deductions 6 3
6
cards
Chapter 9: With Profits Surplus Distribution 1
3 ways of distributing surplus 1,
For additions to benefits benefit...,
Regular reversionary bonus has 3 ...
12
cards
Chapter 10: With Profits Surplus Distribution 2
Advantages of revalorisation 1,
Disadvantages of revalorisation 2,
Contribution principle 3
5
cards
Chapter 11: General Business Environment (1)
4 distribution channels 1,
4 forms of direct marketing 2,
How can products compete other th...
3
cards
Chapter 12: General Business Environment 2
2 problems with regulation 1,
8 common regulatory restrictions 2,
2 common life insurance taxation ...
4
cards
Chapter 13-15: Risk
Number of model points used depen...,
Data sources 5 2,
Risks 3
11
cards
Chapter 16: Unit Pricing
Internal ul fund 1,
Risks of maintaining a management...,
Basic equity principle of unit pr...
5
cards
Chapter 17: Actuarial Funding
Conditions for actuarial funding ...,
Max discount rate used in actuari...
2
cards
Chapter 18-19: Models
The prime objective of a model 1,
Requirements of a model 2,
When creating model points for ne...
28
cards
Chapter 20: Product Design
Contract design factors 20 1,
Why design a new product 6 2,
Li product can be broken down int...
8
cards
Chapter 21-22: Setting Assumptions
Basic methodology for settings as...,
Where a cashflow used for pricing...,
Features that make product design...
5
cards
Chapter 21-22: Setting assumptions
Basis 1,
Two aspects to consider when sett...,
Risks that can be reduced by matc...
3
cards
Chapter 23-24: Supervisory Reserves and Capital Requirements
Reserving has a huge impact on 1,
Reasons for calculating reserves 4 2,
Total liability for ul comprises ...
4
cards
Chapter 25 - Surrender Values
Principles for life insurer to co...,
Key assumptions in determining sv...,
Key assumptions in determining sv...
3
cards
Chapter 29 - 30 - Reinsurance
General factors to take into acco...,
Reasons for reinsuring 2
2
cards
Chapter 30
Uses of reinsurance 1,
Factors to consider when setting ...
2
cards
General Questions
What are the 5 nodes of the actua...
1
cards
Chapter 26 Alterations
Principles for general alterations 1
1
cards
Chapter 35 - Monitoring Experience
Reasons for monitoring experience 1
1
cards
Chapter 27 - Cost of guarantees and options
Factors affecting mortality optio...
1
cards
More about
F102 - Life Insurance Principles
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Derrick Lategan's F102 - Life Insurance Principles flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
F102 Life Insurance
- 34 decks
- 471 flashcards
- 110 learners
Decks:
Chapter 1 Life Insurance Products Endowm, Chapter 2 Life Insurance Products Whole, Chapter 3 Life Insurance Products Annuit, And more!
Life Insurance
- 21 decks
- 797 flashcards
- 210 learners
Decks:
2 Life Insurance Basics, 2 Exam Cards, 2 Video, And more!
F102
- 25 decks
- 455 flashcards
- 26 learners
Decks:
Life Insurance Products, Asset Share, Income Protection Products, And more!
Actuarial F103 - General Insurance
- 33 decks
- 1534 flashcards
- 386 learners
Decks:
Chapter 0 Introduction To General Insura, Chapter 1 Insurance Products Background, Chapter 2 Insurance Products Types F203, And more!
