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Decks in this class (40)
16 - Asset-Liability Management
Give the factors that a provider ...,
What are the components of overal...,
Liability outgo in a period depen...
16
cards
17 - Investment management
Define active investment manageme...,
Define passive investment managem...,
Give the main risks of active man...
28
cards
18 - Modelling
Give the different sources of mod...,
Define 1sensitivity analysis 2sce...,
How do we assess the variability ...
29
cards
19 - Data
What is personal data 1,
Examples of personal data 2,
What is sensitive personal dat 3
47
cards
19 - Data
What is the main concern of using...,
List the eight conditions of the ...,
Describe the popi act condition o...
38
cards
20 - Setting Assumptions
Which characteristics of cashflow...,
Which characteristics of cashflow...,
List the demographic assumptions ...
32
cards
21 - Mortality and morbidity
When is it appropriate to set the...,
Give an example of a type of cove...,
If the individual assessment of r...
21
cards
25 - Risk Governance
Define risk management process 1,
Give the steps that make up the r...,
Give the concerns that the identi...
19
cards
26 - Risk Identification and Classification
Give the general overall key fact...,
Describe the main techniques used...,
Give the project management risk ...
19
cards
28 - Accepting Risk
Explain why a market for risk exi...,
When is risk efficiency achieved ...,
How are regulators involved in th...
21
cards
29 - Risk Measurement and Reporting
How are risks quantified 1,
Why is it difficult to model low ...,
How is operational risk usually q...
36
cards
30 - Risk Transfer
Give the possible mitigation resp...,
How can a financial provider avoi...,
What is an important point to get...
30
cards
31 - Other Risk Controls: Retained Risks
Explain the issue with the divers...,
Within which areas of business op...,
What is the main aim of underwrit...
16
cards
32 - Provisions
How are risk management and provi...,
Why does a firm want to reduce it...,
Describe the relationship between...
24
cards
33 - Valuation of Liabilities
Give the different approaches ava...,
Give the key assumption when usin...,
Under which scenario is a discoun...
27
cards
34 - Reporting Results
List the important accounting con...,
When analysing accounts attention...,
Outline what information can be f...
17
cards
35 - Insolvency and Closure
Under which circumstances is a fi...,
Why is it unlikely for an insuran...,
Give strategies that the regulato...
18
cards
36 - Capital Management
What does capital management of a...,
Give the capital needs of individ...,
Give the capital needs of a compa...
28
cards
37 - Capital Requirements
What are the 2 components of regu...,
What is the use of the additional...,
What does a provider of financial...
30
cards
37 - Capital Requirements
Why do providers of financial ben...,
What 2 components make up the reg...,
What 2 approaches are available f...
39
cards
38 - Surplus and Surplus Management
What is an analysis of surplus aos 1,
What are the 2 equivalent ways of...,
Define surplus 3
21
cards
39 - Monitoring
Give the reasons for monitoring e...,
Give the data requirements for ex...,
Describe the analysis process for...
21
cards
40 - Definitions
Provision 1,
Reserve 2,
Accrual rate 3
181
cards
Banking
What are the roles of banks 4 1,
List the different types of banks...,
Describe traditional deposit taki...
22
cards
0 - Introduction
What makes the acc actuarial 1,
What does the specifying the prob...,
What does the monitoring the expe...
17
cards
1 - Actuarial Advice
List public sector stakeholders t...,
List 12 stakeholders involved in ...,
List 7 areas in which actuaries c...
14
cards
2 - The external environment
List the factors to consider in r...,
Describe the underwriting cycle 2,
What two forms of gi cover are co...
16
cards
3 - Regulation
Prescriptive regulation 1,
Freedom of action regulation 2,
Outcome based regulation 3
24
cards
4 - Introduction to financial products and customer needs
Summarise the three main principl...,
Define an insurance contract 2,
Define reinsurance contract 3
20
cards
5 - Benefits overview and providers of benefits
Give three examples of other orga...,
What benefits might the state pro...,
What is a multi employer scheme a...
14
cards
6 - Life insurance products
Give examples of customer needs m...,
Under what circumstances are bene...,
List 15 life insurance products 3
18
cards
7 - Health insurance products
Main types of healthcare products 1,
Aspects to consider in product de...,
Types of underwriting for short t...
35
cards
9 - Bond and money markets
Outline three situations when ind...,
List ten investment and risk char...,
List nine investment and risk cha...
19
cards
8 - General insurance products
Define indemnity and give example...,
Outline the seven features of lia...,
List the perils covered under per...
20
cards
10 - Equity and property markets
Define the term ordinary share 1,
List eleven investment and risk c...,
Describe the cashflows on an ordi...
26
cards
11 - Other investment classes
Outline the purpose of collective...,
Define closed ended in the contex...,
Define open ended in the context ...
39
cards
12 - Behaviour of the markets
State the key risks to which an i...,
How is the general level of the m...,
What are the two main factors aff...
46
cards
13 - Valuation of investments
List 8 methods used to value indi...,
What are the advantages and disad...,
What are the advantages and disad...
27
cards
14 - Relationship between returns on asset classes
State the formula for the require...,
State the formula for the expecte...,
What does it mean if the required...
13
cards
15 - Choosing an appropriate investment strategy
What criteria should an investmen...,
Give 4 examples of possible inves...,
Give three examples of how risk m...
20
cards
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Actuarial Risk Management (A311)
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