Section D Flashcards by Al Ba

Q

Target Markets

A

See card

Life P&F Chapter 2

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Q

Strengths and Core Competencies

A

See card

Life P&F Chapter 2

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Q

Product Development Team

A

See card

Life P&F Chapter 2

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Q

Ways to Structure Product Development Staff

A

See card

Life P&F Chapter 2

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Q

Disadvantages of Ad-hoc Product Development Staff

A

See card

Life P&F Chapter 2

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Q

Buyer Oriented Pricing Strategies

A

See card

Life P&F Chapter 2

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Q

Competitor Oriented Pricing Strategies

A

See card

Life P&F Chapter 2

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Q

Product Life Cycle

A

See card

Life P&F Chapter 2
CIFP Knowledge Series

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Q

Distribution System Life Cycle

A

See card

Life P&F Chapter 2

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Q

The Product Development Process

A

See card

Life P&F Chapter 2
Various Other Study Notes

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Q

Benefits of Market Research

A

See card

Life P&F Chapter 2

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Q

Basic Elements of Market Research

A

See card

Life P&F Chapter 2

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Q

Market Research Sources of Information

A

See card

Life P&F Chapter 2

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Q

Market Research Types of Information to Gather

A

See card

Life P&F Chapter 2

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Q

Preliminary Product Design

A

See card

Life P&F Chapter 2

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Q

Develop Consensus

A

See card

Life P&F Chapter 2

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Q

Determine Feasibility

A

See card

Life P&F Chapter 2

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Q

Preliminary Pricing

A

See card

Life P&F Chapter 2

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Q

Cost Benefit Analysis

A

See card

Life P&F Chapter 2

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Q

Steps in the Final Product Design

A

See card

Life P&F Chapter 2

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Q

Pricing Pitfalls

A

See card

Life P&F Chapter 2

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Q

Common Pricing Variables

A

See card

Life P&F Chapter 2

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Q

Pricing Permanent Insurance

A

See card

Life P&F Chapter 2

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Q

Pricing Dynamic Products

A

See card

Life P&F Chapter 2
LP-105-07 Chapter 2

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Pricing Dynamic Products Additional Considerations for Flexible Premium UL

See card Life P&F Chapter 2

Pricing Dynamic Products Additional Considerations for VUL

See card Life P&F Chapter 2

Functional Areas Involved in Product Implementation

See card Life P&F Chapter 2

Activities for Product Implementation

See card Life P&F Chapter 2

Product Implementation Sales and Marketing Materials

See card Life P&F Chapter 2

Product Management & Sales Monitoring and Review

See card Life P&F Chapter 2

Required Capital Formula Will Reflect the Following Risks

See card Life P&F Chapter 10

Asset Default Risk

See card Life P&F Chapter 10

Insurance Risk

See card Life P&F Chapter 10

Interest Rate Risk

See card Life P&F Chapter 10

Interest Spread Risk

See card Life P&F Chapter 10

Other Risk

See card Life P&F Chapter 10

Required Capital Formula

See card Life P&F Chapter 10

US Risk Based Capital

See card Life P&F Chapter 10

Canadian MCCSR

See card Life P&F Chapter 10

Australian Liability Requirements

See card Life P&F Chapter 10

Margin on Services (MoS) Earnings Reserves

See card Life P&F Chapter 10

Solvency Requirement

See card Life P&F Chapter 10

Canadian Adequacy Requirement

See card Life P&F Chapter 10

European Union Solvency Requirement

See card Life P&F Chapter 10

Earnings Formulas

See card Life P&F Chapter 11

Basic Questions When Selecting Profit Goals

See card Life P&F Chapter 11

Discount Rate will Be Influenced By

See card Life P&F Chapter 11

Generalized ROI

See card Life P&F Chapter 11

Types of Profit Measures

See card Life P&F Chapter 11 Life Insurance Costing (LP-114-09)

Embedded Value

See card Life P&F Chapter 11 Life Insurance Costing (LP-114-09)

ROI or IRR

See card Life P&F Chapter 11 Life Insurance Costing (LP-114-09)

Profit Margin

See card Life P&F Chapter 11 Life Insurance Costing (LP-114-09)

ROE

See card Life P&F Chapter 11 Life Insurance Costing (LP-114-09)

Return on Assets (ROA)

See card Life P&F Chapter 11 Life Insurance Costing (LP-114-09)

Profit as a Percent of Revenue or Premium Analysis

See card Life P&F Chapter 11 Life Insurance Costing (LP-114-09)

Accumulated profit as a percentage of reserves

See card Life P&F Chapter 11

Breakeven Year

See card Life P&F Chapter 11 Life Insurance Costing (LP-114-09)

New Business Strain

See card Life P&F Chapter 11 Life Insurance Costing (LP-114-09)

Profit Goals Must

See card Life P&F Chapter 11

Uses of an Income Annuity

See card Life P&F Chapter 13

Types of Income Annuities

See card Life P&F Chapter 13

Variable Income Annuities

See card Life P&F Chapter 13 LP-105-07 Chapter 7

Advantages of accumulation annuities over investment products

See card Life P&F Chapter 13

Types of Accumulation Annuities

See card Life P&F Chapter 13 LP-105-07 Chapter 6

CD Annuity

See card Life P&F Chapter 13 LP-105-07 Chapter 6

Two-tiered annuity

See card Life P&F Chapter 13

Accumulation Annuity Product Features

See card Life P&F Chapter 13 LP-105-07 Chapter 6

Market Value Adjustment

See card Life P&F Chapter 13 LP-105-07 Chapter 6

Investment Products

See card Life P&F Chapter 13

Mortality Assumptions For Annuities

See card Life P&F Chapter 13

Interest and Investment Income Assumptions for Annuities

See card Life P&F Chapter 13

Expense Assumptions for Annuities

See card Life P&F Chapter 13

Product Cash Flows Differences Annuities vs. Life Insurance

See card Life P&F Chapter 13

Reinsurance for Annuities

See card Life P&F Chapter 13

Required Capital and Profit Measures for Annuities

See card Life P&F Chapter 13 LP-105-07 Chap 6

Principles of Costing

See card Life Insurance Costing Risk Analysis (LP-114-09)

The Costing Process

See card Life Insurance Costing Risk Analysis (LP-114-09)

Customer Value Analysis

See card Life Insurance Costing Risk Analysis (LP-114-09)

Risk mitigation strategies for non-diversifiable risks

See card Life Insurance Costing Risk Analysis (LP-114-09)

Risk Adjusted Return on Capital

See card Life Insurance Costing Risk Analysis (LP-114-09)

Product features that will impact the election of policyholder options

See card Life Insurance Costing Risk Analysis (LP-114-09)

Considerations when modeling products with significant market risk

See card Life Insurance Costing Risk Analysis (LP-114-09)

Fixed Income Crediting Strategies

See card Life Insurance Costing Risk Analysis (LP-114-09)

Stochastic Modeling Advantages and Disadvantages

See card Life Insurance Costing Risk Analysis (LP-114-09) Stochastic Modeling: Theory and Reality

Effect of Federal Income Tax on ROI and ROE

See card Pricing in an ROE Environment

Reasons a block of business can earn an ROE greater than the company target

See card Pricing in an ROE Environment

Ways to Meet ROE Objectives

See card Pricing in an ROE Environment

Relationship Between ROE and ROI Depends On

See card Pricing in an ROE Environment

How to produce level annual ROE equal to IRR

See card Relationship of IRR to ROI on Level Term Life Insurance

Influencing ROE Slope

See card Relationship of IRR to ROI on Level Term Life Insurance

Lapse-Supported Pricing

See card Lapse-Based Insurance (LP-132-15)

Value Creation for Insurance Companies

See card Econ of Insurance How Insurers Create Value (LP-113-09)

Sources of Frictional Capital Costs

See card Econ of Insurance How Insurers Create Value (LP-113-09)

Elements of Performance Management for Value Creation

See card Econ of Insurance How Insurers Create Value (LP-113-09)

ASOP 2 Recommended Practices

See card ASOP 2

ASOP 2 Communication and Disclosure

See card ASOP 2

Pitfalls of Traditional Profit Measures

See card Risk Based Pricing Various Other Study Notes

Risk Based Pricing

See card Risk Based Pricing

Traditional Pricing vs. Risk Based Pricing

See card Risk Based Pricing

Advantages of Risk Based Pricing

See card Risk Based Pricing

Principles-Based Pricing Examples of items that will impact reserves after issue

See card Impact of VM-20 on Life Insurance Product Development

High-Level Summary of VM-20 Requirements

See card Impact of VM-20 on Life Insurance Product Development

Principles-Based Pricing 10-Year Term Case Study

See card Impact of VM-20 on Life Insurance Product Development

Principles-Based Pricing ULSG Case Study

See card Impact of VM-20 on Life Insurance Product Development

VM-20 Implementation Survey

See card Impact of VM-20 on Life Insurance Prod Dev - Phase 2

Impact of VM-20 on Smaller Companies

See card Impact of VM-20 on Life Insurance Prod Dev - Phase 2