Show:
Property & Casualty
Risk-based Capital
Life Insurance
IFRS
Embedded Value
100
Premium taxes.
What is an example of a deferred acquistion cost?
100
Quantification, governance, and transparency.
What are the three pillars of solvency II?
100
Change in reserves.
What account reflects the income statement impact when a reserve account increases?
100
Exchange price.
What is fair value based on under IFRS?
100
Time value of options and guarantees.
What is included in European embedded value but not traditional embedded value?
200
Retrospective and Prospective.
What are forms of accounting for reinsurance contracts?
200
Asset, insuance, and interest rate.
What are tyopes of risk reflected in risk-based capital?
200
When payment is due.
When are revenues recognized for a long duration life insurance policy under FSA 60?
200
A principle-based approach with additional guidance.
What is the objectice of Phase II?
200
Cost of Capital.
Which component reduces the amount European embedded value?
300
Held-to-maturity.
What is a classification of investments where unrealized gains and losses are not recognized?
300
Asset risk and Interest rate risk.
What are two risk that are inherently related and grouped together in the RBC calculation?
300
Loads and surrender charges.
What are types of fees earned by insurance companies on FAS 97 products?
300
Local accounting standards.
What is basis for accounting under Phase I?
300
Frictional costs.
What is included in MCEV but not EEV?
400
Monitoring solvency/
What is an attribute of statutory accounting?
400
Outdated.
What is a shortcoming of risk-based capital?
400
Remaining benefits exceed remaining premiums.
What is a benefit reserve under FAS 60?
400
Unbiased estimates, discounting, and margins.
What are the three building blocks of phase II?
400
Capital deployment.
What is an use of embedded value calculations?
500
Paid loss development.
What is an acceptable method for loss projection?
500
Protect policyholders from insurer insolvency?
What is the primary driver for risk-based capital requirements?
500
Present value of expected gross profits.
What is use to determine the amortization rate for DAC under FAS 97?
500
An accounting policy that all insurance must adopt.
What is a mandated policy under Phase I?
500
Analysis of movement.
What is a disclosure under EEV principles that shows the changes in embedded value during year?