Acronyms vs Area 1 - 19 Flashcards Preview

Actuarial Risk Management: CA1 > Acronyms vs Area 1 - 19 > Flashcards

Flashcards in Acronyms vs Area 1 - 19 Deck (48):
1

External Environment:

CREATE GREAT LISTS

2

Regulation: Functions of a regulator

SERVICE

3

Regulation aims:

GRIP

4

Regulation needs: Reducing info asymmetries

SPIDER CC

5

Regulation needs: Confidence in market

CPI’S

6

Cost if regulation:

PUMA R

7

Professionalism: Financial risk management , what must an actuary be able to do

JAM MERC MICS

8

Professionalism: Statutory roles

RePVaCS/ RePVAPSC

9

Professionalism: Being professional

PRICK CNIC

10

Influences of policyholder reasonable expectations

PEMB

11

Role of state as benefit provider

DEERP

12

Reasons for employer benefits

MEC FLAP

13

Reason for individual benefit providers

CPS

14

Considerations in general insurance

PUN TRIP

15

Cash flow considerations

CANT C

16

Factors of contract design:

AMPLE DIRECT FACTORS

17

Characteristics of a well-run project

PROJECT CRAMPS

18

Written stratgy of project:

AIRS PROSE

19

Initial appraisal CPA:

SPURS

20

Detailed appraisal CPA:

RED

21

Assessing risk mitigation CPA:

OFFER

22

Investment submission content CPA:

FIRM PEN ASAP

23

Money market: Reasons for liquid assets

POURS

24

Money Market: Economic reasons for holding cash

GRID

25

Bonds: Major risks

CLAIM R

26

Yield curve theory

MILE

27

Problems with overseas investment:

MTV CATERPILLAR

28

Emerging market considerations

CAMPER C

29

Prime property characteristics

CALL ST

30

The risk discount rate

SyNC WACS

31

Capital project risks:

PEBP NFC

32

Factors an insurer should consider when taking on new business

SLARPHACAN/CARCEEN

33

merits indirect investments

DELTA SEED CEMT

34

Reasons for foreign investment

DIMI

35

Indirect overseas investment types

MHEDiCs

36

Merits of Indirect vs direct, Foreign markets

SNoPSA NED CorT

37

Differences between UT and ITC

BAG WiC MaTO

38

Advantages and Disadvantages of Statutory regulation

PEN MUCI

39

Advantages and Disadvantages of Self-regulation

REK PEL

40

Merits of Direct Property investment vs indirect property investment

DiSEL NoNo ProC

41

Merits of UT vs Direct investment

DEMSIN CATaLL

42

Merits of ITC vs Direct investment

DEMSIN AssGear CATE

43

Advantages of grouping equities into industries

PFIEP CMaRS

44

Reasons for poor sales of insurance products:

DisCEM GAP

45

Freehold properties is considered to be more attractive than leasehold due to:

BeGGN

46

Managing conflicts of interest

CARD R/ CAR DR.

47

Principles a code of Ethics should cover:

AC3

48

Regulation regulations that the state could impose to regulate the providers

PAM SAM BAM VR