life insurance part 2

Mortality (Early life insurers+ assumption importance and what affects rate)

Qualitative into quantitative

Morbidity (risk, claims reasons, affects claims experience(5),

Attitude…

Investment risk (why, risks (2))

Actual ≠ expected and capital values

Expenses and inflation (commission, why risk ) + expense over-run

Risk..

Types and volumes of new business (new business strain and rate of expansion ,average size policy, running risks)

Rate of expansion

Withdrawals(early + selective)

higher mortality and morbidity experience

Guarantees and options(mortality and investment options) , taxes (risk)

Reducing risk (9) , pricing (target market , solvency, unit linked pricing)

Underwriting

Valuation(why(4), subsidies, sharing)+ liabilities(3)

Solvency and profitability

Underwriting (what and why we cant and why we do)

Underwriting process + sources of information 8+ dealing with underwriting risks(6)., aids underwriting

Class selection…

Reinsurance (why (6) , types of reinsurance)

Non proportional