ARM '20 Flashcards

Decks in this Class (43):

• 1 Actuarial Advice

  1. Actuarial Advice

  Sample Cards:

  types of advice,

  indicative advice,

  factual advice
  8 Cards
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• 2 External Environment

  2. External environment

  Sample Cards:

  legislation,

  regulation,

  effects of state benefit provisions
  5 Cards
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• 3 Regulation

  3. Regulation

  Sample Cards:

  aims,

  direct costs of regulation,

  indirect costs of regulation
  21 Cards
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• 4 Introduction To Financial Products And

  4. Introduction to financial products and customer needs

  Sample Cards:

  types of provision,

  examples of social security,

  financial products
  10 Cards
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• 5 Benefit Schemes

  5. Benefit Schemes

  Sample Cards:

  features of pension contracts,

  pension providers,

  types of scheme members
  13 Cards
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• 6 Life Insurance

  6. Life Insurance

  Sample Cards:

  features,

  investment types,

  types
  13 Cards
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• 7 Healthcare Products

  7. Healthcare products

  Sample Cards:

  legislation,

  features of short term products,

  features of long term products
  19 Cards
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• 8 General Insurance

  8. General insurance

  Sample Cards:

  features,

  short tailed,

  long tailed
  16 Cards
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• 91 Money Markets

  9.1. Money markets

  Sample Cards:

  cash deposits,

  examples of mm instruments,

  system t
  11 Cards
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• 92 Bonds

  9.2. Bonds

  Sample Cards:

  issuers,

  system t,

  yield curve theories
  5 Cards
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• 101 Equity

  10.1 Equity

  Sample Cards:

  reasons for buying back shares,

  categorisation,

  advantages of industry categorisation
  8 Cards
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• 102 Property

  10.2 Property

  Sample Cards:

  prime property will score highly on,

  running yield,

  security
  11 Cards
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• 111 Other Investment Classes

  11.1 Other investment classes

  Sample Cards:

  classes,

  regulation on ciss,

  advantages of cis
  14 Cards
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• 112 Derivatives

  11.2 Derivatives

  Sample Cards:

  types,

  users of derivatives,

  uses of derivatives
  5 Cards
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• 12 Behaviour Of The Markets

  12. Behaviour of the markets

  Sample Cards:

  reasons for changing interest rates,

  yield curve theories lime,

  liquidity preference
  13 Cards
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• 13 Relationships Between Asset Classes

  13. Relationships between asset classes

  Sample Cards:

  required rate of return,

  expected return,

  er formula
  10 Cards
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• 14 Valuing Investments

  14. Valuing investments

  Sample Cards:

  methods,

  smoothed mv,

  hbv
  13 Cards
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• 15 Choosing An Appropriate Investment St

  15. Choosing an appropriate investment strategy

  Sample Cards:

  investment objectives of institutional i,

  definition of risk from an investment ma,

  considerations when defining risk
  7 Cards
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• 16 Asset Liability Management

  16. Asset Liability management

  Sample Cards:

  principles of investment,

  key points when analysing cash flow scen,

  nature of liabilities
  14 Cards
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• 17 Investment Management

  17. Investment management

  Sample Cards:

  tactical asset allocation,

  factors to consider before switching ass,

  risk budgeting
  21 Cards
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• 18 Modelling

  18. Modelling

  Sample Cards:

  obtaining models,

  constructing models,

  dynamic model
  12 Cards
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• 19data

  19.Data

  Sample Cards:

  personal data,

  sensitive personal data,

  circumstances under which sensitive pers
  26 Cards
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• 20 Setting Assumptions

  20. Setting assumptions

  Sample Cards:

  factors affecting choice of assumptions,

  types of assumptions,

  information
  24 Cards
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• 21 Mortality And Morbidity

  21. Mortality and Morbidity

  Sample Cards:

  risk classification in life insurance,

  variation in mortality and morbidity rat,

  proxies for risk factors
  12 Cards
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• 22 Expenses

  22. Expenses

  Sample Cards:

  types of expenses,

  examples of mixed expenses,

  expense allocation principles
  10 Cards
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• 23 Contract Design

  23. Contract design

  Sample Cards:

  factors ample direct factors,

  customers needs are influence by,

  providers needs are influenced by
  11 Cards
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• 24 Pricing And Financing

  24. Pricing and Financing

  Sample Cards:

  cost of benefits,

  factors influencing cost,

  price of benefits
  18 Cards
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• 25 Risk Governance

  25. Risk governance

  Sample Cards:

  risk management process,

  components of rm process,

  risk identification
  20 Cards
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• 26 Risk Identification And Classificatio

  26. Risk identification and classification

  Sample Cards:

  identification techniques,

  risk identification process for projects,

  aim of risk identification brainstorm
  18 Cards
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• 27 Financial Products And Benefit Scheme

  27. Financial products and benefit schemes
  0 Cards
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• 28 Accepting Risk 3 4

  28. Accepting risk [3+4]

  Sample Cards:

  mitigating risk of product designer not,

  insurable risk,

  risk events must meet the following crit
  3 Cards
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• 291 Risk Measurement

  29.1 Risk measurement

  Sample Cards:

  risk quantification,

  risk quantification methods,

  subjective assessment
  24 Cards
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• 292 Risk Reporting

  29.2 Risk reporting

  Sample Cards:

  risk portfolio,

  risk response,

  risk register
  8 Cards
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• 30 Risk Transfer

  30. Risk transfer

  Sample Cards:

  risk control methods,

  constraints on risk transfer,

  benefits of reinsurance
  16 Cards
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• 31 Other Risk Controls

  31. Other risk controls

  Sample Cards:

  other risk controls,

  diversification,

  problems with diversifying across busine
  5 Cards
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• 32 Provisions

  32. Provisions

  Sample Cards:

  reasons for setting up provisions,

  methods of calculating provisions,

  bases
  7 Cards
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• 33 Valuations

  33. Valuations

  Sample Cards:

  methods of valuation,

  discount rate traditional dcf,

  discount rate mark to market
  14 Cards
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• 34 Reporting Results

  34. Reporting results

  Sample Cards:

  accounting concepts,

  things to pay attention to when analysin,

  types of reports
  8 Cards
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• 35 Insolvency And Closure

  35. Insolvency and Closure

  Sample Cards:

  what happens if solvency requirement isn,

  recovery plans,

  compensation schemes
  12 Cards
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• 36 Capital Management

  36. Capital Management

  Sample Cards:

  capital management involves,

  capital needs of providers,

  capital management tools
  8 Cards
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• 37 Capital Requirements

  37. Capital Requirements

  Sample Cards:

  regulatory solvency capital is total of,

  approaches for scr,

  disadvantages of using prudent provision
  14 Cards
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• 38 Surplus And Surplus Management

  38. Surplus and Surplus Management

  Sample Cards:

  profit vs surplus vs surplus arising,

  sources of surplus vooccs,

  analysis of surplus
  9 Cards
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• 39 Monitoring

  39. Monitoring

  Sample Cards:

  reasons for monitoring experience,

  data requirements,

  analysis process statistical factors
  6 Cards
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