This class was created by Brainscape user Monika Sz. Visit their profile to learn more about the creator.
By:
Monika Sz
- decks
- flashcards
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Decks in this class (11)
1 - Material Information
What 3 elements must be present f...,
What legal principle governs insu...,
How does the principle of good fa...
47
cards
2 - Underwriting Procedures
How are terms and conditions some...,
What must the underwriter do when...,
What is a quotation
57
cards
3 - Insurance policies
What are three main points import...,
What form is a policy generally i...,
What does contra proferentem mean
40
cards
4 - Renewals and cancellation
Why would an insurer will to enco...,
How will an insurer seek to ensur...,
Why is the fca concerned about au...
18
cards
5 - Insurance products: personal insurances
What are the four different level...,
What optional extensions are typi...,
What are the differences between ...
51
cards
6 - Insurance products: commercial insurances
What are the main types of commer...,
What are the 3 main parts of a st...,
What special perils can be includ...
73
cards
7 - Related services
What is a helpline,
What are some of the main example...,
What is an authorised repairer
27
cards
8 - Underwriting considerations
What are the four main tasks of a...,
What is assessed in the insurance...,
What are the main underwriting fa...
58
cards
9 - Establishing the price - rating factors
What is mi and how does it help a...,
What are the 3 levels of decision...,
What sort of information is repor...
35
cards
10 - Establishing the Price - Pricing Factors
How can risk premium be defined,
What is a claims run off,
What are latent claims
40
cards
11 - Managing Exposure
Starting from higher profits what...,
What are some examples of how the...,
What is eml
40
cards
More about
if3
- Class purpose General learning
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Looking for something else?
IF3
- 11 decks
- 119 flashcards
- 4 learners
Decks:
Chapter 1 Material Information, Chapter 2 Underwriting Procedure, Chapter 3 Insurance Policies, And more!
