0. Course Overview

Question 1

List the 6 key areas that the coursework has been split into.

Answer 1

1. Life products, asset shares, profit distribution. 2. General business environment and risk 3. Unit pricing, actuarial funding, models, product design. 4. Assumptions, reserves, surrender values, alterations. 5. Pricing, guarantees/options, reinsurance, underwriting, data 6. Investment, risk management, monitoring.

Question 2

1. Life products, asset shares, profit distribution.

Answer 2

• Life products 1,2,3,4 - Income protection - Critical illness cover - Long term care insurance - Asset shares - With-profits surplus distribution 1,2

Question 3

2. General business environment and risk

Answer 3

• General business environment 1,2 - Risk 1,2,3

Question 4

3. Unit pricing, actuarial funding, models, product design.

Answer 4

• Unit pricing - Actuarial funding - Models 1,2 - Product design

Question 5

4. Assumptions, reserves, surrender values, alterations.

Answer 5

• Assumptions 1,2 - Supervisory reserves and capital requirements 1,2 - Surrender values - Alterations

Question 6

5. Pricing, guarantees/options, reinsurance, underwriting, data

Answer 6

• Cost of options and guarantees - Pricing health and care contracts - Reinsurance 1,2 - Underwriting - Policy data checks

Question 7

6. Investment, risk management, monitoring.

Answer 7

• Investment - Further risk management - Monitoring experience - The big picture