Question
a.
Marketing strategies of the insurer
b.
Financial stability and strength of the insurer
c.
Customer service availability
d.
Policy coverage options
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 major considerations influence a customer's decision when purchasing an insurance plan?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What was the only requirement for a life insurance company until the 1970s?
View solution
Q. What is the purpose of the Solvency Margin?
View solution
Q. How is the Required Solvency Margin (RSM) calculated?
View solution
Q. In India, what is the relationship between the Available Solvency Margin (ASM) and the Required Solvency Margin (RSM)?
View solution
Q. How is the Required Solvency Margin (RSM) calculated using the factor-based approach?
View solution
Q. What is the purpose of multiplying the first factor by K1 in the RSM calculation?
View solution
Q. How is the sum at risk calculated in the RSM calculation?
View solution
Q. In the factor-based approach, which factor is usually higher: the factor based on reserves or the factor based on the sum at risk?
View solution
Q. What is the significance of the factor-based approach in calculating RSM?
View solution
Q. What are the two main approaches to calculate the Required Solvency Margin (RSM)?
View solution
Q. In the factor-based approach, which factor is typically higher: the factor based on reserve or the factor based on sum at risk?
View solution
Q. What is the significance of multiplying the first factor by K1 in the RSM calculation?
View solution
Q. How is the sum at risk calculated in the RSM calculation?
View solution
Q. What does RSM stand for?
View solution
Q. What are the main risks addressed by the computation of RSM?
View solution
Q. What is the limitation of the factor-based approach in calculating RSM?
View solution
Q. How does the risk-based capital approach address the limitation of the factor-based approach?
View solution
Q. What is the minimum required capital if the formula for RSM yields a lower value?
View solution
Q. Which approach is becoming popular to overcome the limitations of the factor-based approach in risk measurement?
View solution
Q. What is the main limitation of the factors-based approach in calculating Required Solvency Margin (RSM)?
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!
