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Unknown Unknown
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Decks in this class (34)
Chapter 0 - Introduction
Reasons for limited consumer abil...,
Increasing costs,
Actuarial control cycle
5
cards
Chapter 1 Health & Care Insurance products
Describe the main types of health and care insurance contracts:
-private medical insurance
-health cash plans
-main example variations of contracts issued.
33
cards
Chapter 2 Critical Illness Insurance
What are the other names for crit...,
What is the benefit under a criti...,
Critical illness may be considere...
18
cards
Chapter 3 Long-term care insurance
Describe the main types of health and care insurance contracts.
-lng-term care insurance
-main example variations of contracts issued.
25
cards
Chapter 4 Group Products
Group products,
Group products can arise where,
Differences arise when dealing wi...
16
cards
Chapter 5 Healthcare
-Explain components of a well-functioning healthcare.
-Analyse the mechanics between the funding and supply of healthcare.
39
cards
Chapter 6 Product design & stakeholders interests
Customer attraction and clarity,
Five main factors relating to pro...,
Health and care insurance product...
20
cards
Chapter 7 Product design and stakeholder interests (2)
Stakeholders,
Insurer s targets in product desi...,
Customer acceptability
27
cards
Chapter 8 Distribution Channels
Discuss the operating environments in which health & care insurance products are traded.
22
cards
Chapter 9 The general business environment
Discuss the operating environments in which health & care insurance is traded.
23
cards
Chapter 10 Risk adjustment
-Evaluate the nature of risk facing the insurer.
-Describe the principal modelling techniques appropriate to health and care insurance.
22
cards
Chapter 11 State healthcare provision
Explain likely role of the State in the provision of alternative or complementary health and care protection.
27
cards
Chapter 12 Modelling
Main uses of models,
Objectives of a health insurance ...,
Basic features of a health insura...
35
cards
Chapter 13 Data
-Apply the techniques used in pricing health and care insurance products in terms of data availability
16
cards
Chapter 14 Assumptions General considerations
General considerations when setti...,
Deriving assumptions for pricing ...,
Deriving assumptions for reservin...
10
cards
Chapter 15 Demographic assumptions
Describe assumptions that are critical to pricing & valuation:
-morbidity
-mortality
-persistency
-claim amount
12
cards
Chapter 16 Assumptions (3) Financial assumptions
-expenses
-inflation
-investment return
-taxes
-solvency margin
27
cards
Chapter 17 Assumptions (4) : Other assumptions
Describe other assumptions crucial to pricing and valuation.
17
cards
Chapter 18 Generalised Linear Modelling
Describe the principal modelling techniques appropriate to health and care insurance:
35
cards
Chapter 19 Pricing (1) Individual business
-Understand and apply techniques used in pricing health and care insurance in terms of:
-equation of value & formula approach
-cashflow techniques
-describe principal modelling techniques appropriate to health & care insurance.
25
cards
Chapter 20 Pricing (2) Group business
-Understand and apply the techniques used in pricing health and care insurance products in terms of:
-group risk assessments.
17
cards
Chapter 21 Pricing (3) - Other considerations
Profit criteria 3 commonly used f...,
What is a profit criterion,
What is net present value
24
cards
Chapter 22 Pricing (4) Options and guarantees
Mortality and morbidity options,
Terms and conditions for options,
What are the cost of options
15
cards
Chapter 23 Reserves & solvency capital requirements
Reasons for calculating reserves,
Types of reserves long term,
Types of reserves short term
32
cards
Chapter 24 Nature of risks (1)
Risks may often be classified as ...,
Risks faced by a health and care ...,
Policy data
15
cards
Chapter 25 Nature of risks (2)
Guarantee and options,
Competition,
Actions of management
20
cards
Chapter 26 Nature of risks (3)
What is the key aim of a healthca...,
The actuary will maximise profit ...,
The problems that confront the ac...
15
cards
Chapter 27 Managed care
The aim of managed care,
The development of treatment prot...,
Cost effectiveness analysis in de...
4
cards
Chapter 28 Reinsurance
Reasons for reinsurance,
Health and care insurance payouts...,
The following factors will determ...
34
cards
Chapter 29 Other risk management techniques
Underwriting as a risk management...,
What is underwriting,
Different levels of underwriting
47
cards
Chapter 30 Investment
Asset characteristics,
Conventional bonds characteristics,
Index linked government bonds
26
cards
Chapter 31 Monitoring & feedback into the control cycle
Experience will be monitored in o...,
By keeping its experience under r...,
Data required for monitoring expe...
32
cards
Key Items
Reimbursement arrangements,
Definitions,
Risk categories
7
cards
Glossary
Accelerated critical illness benefit,
Activities of daily living adls,
Activities of daily working adws
139
cards
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SP1
- Class purpose General learning
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