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Kumien Senekal
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Decks in this class (30)
Chapter 11 State And HC Provision
4 overall objectives of any gover...,
What is a relaxed market focused ...,
Advantages and disadvantages of m...
15
cards
Chapter 1 - PMI And Other Health Related Products
Why are ther minimum prescri ed b...,
What is selective lapsing,
What is community rating
16
cards
Chapter 2 - Critical Illness Insurance
3 characteristics of conditions i...,
Advatages to insurers and reinsur...,
What is tiered benefits
5
cards
Chapter 3 - Long-term Care Insurance
3 costs of care,
2 different types of long term ca...,
4 methods of funding
11
cards
Chapter 4 - Group Products
Group products can arise where,
Dofferent considerations apply to...,
Purposes of group arrangements 4
8
cards
Chapter 5 - Healthcare
Definition of primary care,
Definition of secondary care,
Definition of tertiary care
9
cards
Chapter 6 - Product Design And Stakeholder Interest
5 main factors relsting tonproduc...,
Needs met by ci insurance 6,
Reasons to purchase pmi when the ...
8
cards
Chapter 7 - Other Stakeholder Interests
Targets to be met by priduct desi...,
To be attractive the product must...,
Key considerations on system impl...
10
cards
Chapter 8 - Distribution Channels
Main distribution channels 4,
Worksite marketing definition,
Indemnity commission definition
4
cards
Chapter 9 - General Business Environment
Why the state can t continue to p...,
8 common regulatory restrictions ...,
2 most common methods to tax ic
4
cards
Chapter 10 - Risk Adjustment
Common risk adjustment factors ca...,
Risk adjustment is useful for 5,
Define 1 risk adjustment 2 risk p...
3
cards
Chapter 13 Data
Sources if data 5,
General data considerations 3,
5 reasons why external sources ma...
6
cards
Chapter 14 - Assumptions - General Considerations
General considerations when setti...,
When using a cf model risk to com...,
Margins incorporated in the price...
10
cards
Chapter 15 - Demographic Assumptions
4 steps in determining demographi...,
Factors that might make future re...,
Lapse rates are more important wh...
3
cards
Chapter 16 - Financial Assumptions
Financial assumptions are used in...,
Larger policies tend to have bett...,
What is provider capacity
9
cards
Chapter 17 - Other Assumptions
Following features can make produ...,
What is statistical risk,
4 methods to assess level of staf...
3
cards
Chapter 19 - Pricing Individual Business
Process of deriving a risk prem 6,
What is the burning cost premium,
Factors that should be consideres...
6
cards
Chapter 20 - Pricing Group Business
Special characteristics of group ...,
What is book rate,
2 reasos why group insurance book...
5
cards
Chapter 21 - Pricing: Other Considerations
What is profit signature,
Profit criterion that can be used 3,
What is internal rate of return
10
cards
Chapter 22 - Pricing Options And Guarantees
What is a buy back option,
2 additional assumptions required...,
Equation for the expected present...
5
cards
Chapter 24 - 26 - Nature Of Risks
What is model risk,
What is parameter risk,
What is random fluctuations risk
10
cards
Chapter 27 - Managed Care
Definition of managed care,
What is the main objectives of ma...,
Risks transferred from insurer to...
3
cards
Chapter 28 - Reinsurance
Reasons for using reinsurance 6,
5 factors that will determine the...,
Why might reinsurers knowingly wr...
11
cards
Chapter 29 - Other Risk Management Techniques
What is underwriting,
Types of medical underwriting 3,
Medical evidence can be obtained ...
9
cards
Chapter 30 - Investment
Asset characteristics to consider 6,
The principles of investment,
3 conditions of immunisation
4
cards
Chapter 31 - Monitoring and Feedback
Experience will be monitored in o...,
Definition of new business strain,
Persistency rates in the future c...
7
cards
Chapter 12 - Modelling
Main uses of modelling are 4,
What is a model point,
What factors would affect the num...
14
cards
Chapter 18 - Generalised Linear Modelling
What is an explanatory variable,
What is a response variable,
Deawbacks of the normal model for...
3
cards
Chapter 23 - Reserves
Technical reservea may be calcula...,
4 types of long term insurance re...,
7 types of short term insurance r...
9
cards
Exam Insights
Describe 3 ways to cope with unce...,
Elements of a cahsflow pricing mo...,
Explain what is meant by risk dis...
28
cards
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f101
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