Chapter 23: Contract design

Question 1

Parties involved in a contract

Answer 1

The providers
The providers customers
Actuaries
Lawyers
Accountants
Financial backers
Administrators

Question 2

Provider’s needs will be influenced by

Answer 2

The chosen market
The capital available
The liquidity available
The expertise available

Question 3

Provider’s customer’s needs will be influenced by

Answer 3

Capacity to pay
The risks to be covered
Attitude to financial risk
The benefits that are needed at different times in the future