IC92 Actuarial Aspects of Product Development Exam

Study notes

Syllabus

• Chapter 1: Insurance Product
• Chapter 2: Importance of Product Design
• Chapter 3: Pricing of Products – I
• Chapter 4: Type of Insurance Products – Individual
• Chapter 5: Pricing of Products – 2
• Chapter 6: Types of Insurance Products – Group
• Chapter 7: Premium Bases – Interest Rate
• Chapter 8: Premium Bases – Mortality and Morbidity Rates
• Chapter 9: Premium Bases – Persistency/Withdrawal Rates
• Chapter 10: Premium Bases – Commission Rates
• Chapter 10B: Premium Bases – Margins
• Chapter 11: Premium Bases – Expense Rates
• Chapter 12: Reinsurance Support
• Chapter 13: Financial Viability – Profit Margin and Solvency Margin
• Chapter 14: Glossary