Acronym vs. Area 23-28 & 32-34 Flashcards Preview

Actuarial Risk Management: CA1 > Acronym vs. Area 23-28 & 32-34 > Flashcards

Flashcards in Acronym vs. Area 23-28 & 32-34 Deck (41):
1

Ways to value assets:

(SHAM FADS)

2

Main factors influencing investment strategy :

SOUNDER TRACTORS

3

Three main definitions of risk in institutional investment strategies

PVPR

4

Factors to consider prior to a tactical asset allocation switch

CEPEL

5

Main factors influencing individual investment strategy

PRINCES

6

Types of benefit payment and asset strategy

GIDI

7

Regulatory framework limitations in developing an investment strategy:

TECH SCAM

8

Objectives of the limitations for investment strategy

CLS

9

Limitations of Redington's immunisation theory:

FAT DRY PI

10

Expenses for securing new business:

PUMaCR

11

Factors affecting cost of benefit:

TIERCCCOP/ICC COPTER

12

Factors affecting the marketability of benefit:

ICE

13

Factors affecting benefit paid in discontinuance:

FRACPENCs

14

Insolvency and closure of a life insurer why this rarely happens:

RIPTC

15

Factors affecting the level of benefit paid out in the case of insolvency:

ARE

16

Factors considered when modeling future solvency

RECSO

17

When taking over discontinuance business consider

RIEL SyCRETS

18

Options for benefit provision of discontinued benefit scheme

CLiBPr/CT4

19

Merits of valuing assets with the market price

ARCOE FFARBB

20

Issues with valuing equities with the discounted dividend model

TURA / TULA

21

Methods to compare returns on different asset classes

Y GRaNTR

22

Property risk premium compensates for

U VOLD

23

Valuation of A and L with Market value, Merits

CAMV

24

Valuation of A and L Discounted cashflow merits

SASH/CASH

25

Merits of Active investment

JEL JED

26

Merits of Passive investment

EIS LT

27

The technique of risk budgeting

APEAR

28

Non-Actuarial Techniques of investment strategies

MAS

29


The three components of risk when quantifying

ASS

30

Aspects of an Asset Liability model

OPHACC

31

Factors causing differences - price and cost of products

DCLP

32

Factors when assessing premium rates

MOP

33

Forms of funded products

JuSTLuReT

34

Factors to consider when choosing a financing method

FLiRTS SORRi

35

Constraints individual investors have that institutions do not have:

4 Lack of Cash SADD

36

Advantages of PAYG

WTF ExO

37

Limitations of a deterministic Asset-Liability model:

VaCorDNSLiMa

38


Advantages of risk budgeting

BaIn

39

Benefits of funding in advance

GASER T

40

Treating the surplus or deficit of a discontinued benefit scheme

DPEL SERP

41

Steps required to perform a stochastic ALM modelling exercise:

OSNeP SAPI