Q. What is the purpose of making pessimistic and optimistic estimates for mortality or morbidity rates?

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Q. How does the insurer adjust mortality rates for assured lives and annuitants?

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Q. What factors are considered in determining mortality or morbidity rates?

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Q. How does the importance placed on mortality or morbidity rates depend on the product?

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Q. What data sources can be used if a company or product has no historical experience?

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Q. What factor influences the mortality experience of the insured population based on the target market for the contract?

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Q. How does the type of product affect underwriting controls?

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Q. What is the purpose of underwriting controls in the insurance industry?

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Q. How does strict underwriting benefit customers?

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Q. What additional benefit is gained with strict underwriting controls?

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Q. What factor influences the decision on mortality rates used by insurers?

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Q. Why is it important to assess the expected change in experience over time?

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Q. How often are historical investigations typically conducted?

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Q. Which type of insurance contract is considered to have higher mortality risk?

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Q. Why are long-term policies considered riskier in terms of mortality rates?

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Q. Why is the available mortality experience within the company or industry important for determining mortality rates?

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Q. What role do reinsurer's rates play in determining mortality rates?

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Q. Why is past experience of mortality rates in the economy important?

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Q. How do overseas operations of an insurer impact the determination of mortality rates?

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Q. What operational risk is associated with the acceptance of claims?

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