Ch 7: Other stakeholder interests

Question 1

Product design factors (13)

Answer 1

• Customer acceptability
• Regulator requirements
• Needs of distributors
• Price competitiveness
• Adequate profitability
• Company culture in product style and price
• Systems and other internal constraints
• Underwriting methodology
• Risk pricing (incl. reinsurance)
• Financing requirements
• Cross-subsidies and equity
• Cost of offering guarantees
• Premium/benefit change at renewal/review

Question 2

Last few pages of chapter needs summary

Answer 2

Go Go Go, jammer dat ek nie dit initially gedoen het nie. Wees beter as ek.