Question
a.
Immediate financial gains
b.
Short-term assumptions
c.
Margins against adverse future experience
d.
Short-term financial stability
Posted under IC 92 Actuarial Aspects of Product Development
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is a key aspect considered during the assumption setting process besides future experience expectations?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Which of the following is NOT a step in the general process for setting assumptions?
View solution
Q. What determines the extent to which margins against adverse future experience are required?
View solution
Q. What is the first step in the general process for setting assumptions?
View solution
Q. When making assumptions for future experience, why is it important to consider the commercial and economic environment?
View solution
Q. Which step involves determining the best estimates of assumptions given the expected future conditions?
View solution
Q. What determines the extent to which reliance is placed on historical data and other factors in setting assumptions?
View solution
Q. Why might the best estimates of assumptions need to be adjusted?
View solution
Q. Why are interest rates important in the calculation of premiums?
View solution
Q. What role do shareholders of insurance companies play in relation to interest rates?
View solution
Q. Why are interest rates particularly important for saving contracts?
View solution
Q. Which equation represents a single premium contract, considering investment income?
View solution
Q. How has the method of pricing insurance products evolved in recent times?
View solution
Q. What is the concept of interest rates primarily used for in insurance?
View solution
Q. Why might the rate of return on equities be higher than the risk-free rate of interest?
View solution
Q. How are interest rates typically estimated for long-term insurance contracts?
View solution
Q. Which of the following factors is NOT considered when choosing an interest rate for insurance contracts?
View solution
Q. What is a key consideration regarding interest rates in insurance contracts?
View solution
Q. What is the purpose of making pessimistic and optimistic estimates of investment return in determining interest rates?
View solution
Q. What factor influences the rate of return on equities?
View solution
Q. What determines the rate of interest required by shareholders on their investments?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
