Acronym vs Area 21,22,29,30,31 Flashcards Preview

Actuarial Risk Management: CA1 > Acronym vs Area 21,22,29,30,31 > Flashcards

Flashcards in Acronym vs Area 21,22,29,30,31 Deck (36):
1

The main factors affecting bond yields

SPROEITI

2

The influences of the level of property in the market

ODI

3

Investors preferences are influenced by

FUME CC

4

Requirements of a good model

VIVA RAPER DAD

5

Deterministic model development

SCCACCARD

6

Stochastic model development

SCCSACCRP

7

Merits of modelling options depend on

C U FLIP

8

Deterministic vs. Stochastic models differences

CUBE PO

9

Factors affecting the level of the equity market

ERICA IE POTAR

10

Sources of models

NEC

11

Merits of Deterministic model

LECE COS

12

Merits of a stochastic model

WAQA SLIC

13

Uses of a model

PROF P

14

Using models for pricing consider

BAD CoMP DiCoS

15

Sources of data

TRAINERS C

16

Causes of poor data

RUS RAD

17

Uses of data (Company departments)-

PREMISES FAAr

18

Factors affecting assumptions:

DIE FULCN

19

Factors that increase the risk of product design:

GLOC U

20

For past data consider how to deal with:

CRC CHEAT PRUDT

21

Factors affecting marketability when modeling for pricing / competitiveness of products

DiPCoS

22

When considering accuracy and prudence of assumptions

BIPACS O

23

Assumptions made form historic data

BIDS

24

Assumptions made form current data

REFS

25

Quality and quantity of data influenced by

SEC

26

Ways to improve data quality

TeCSReFS P

27

Ways to improve the claim and proposal form

RECTURE Q

28

Concerns with summarised data

MiRC/ RelCanS

29

Merits of industry wide data

CA FLOQ HP

30

Heterogeneity in data industry-wide data caused by difference in

PRoCRStNa SP/
PReCReS SNaP

31

Assertions to assess in data

TACA /CATA OPI SpotS

32

Demographic assumptions:

Morty Will Never FallS

33

Ways to check assertions: Checks to perform

SCARFACE MVR/ Reconcile, Consistency, DRaM

34

Examples of financially significant economic assumptions

5CIET

35

Contract Features Captured in a model point

BAGTSAD

36

Freehold properties are considered to be more attractive than leasehold properties because of:

BeDGGN