Insurance Companies and Pension Plans (FRM Part 1 2023 - Book 3 - Chapter 2)
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After completing this reading, you should be able to:
- Describe the key features of the various categories of insurance companies and identify the risks facing insurance companies.
- Describe the use of mortality tables and calculate the premium payment for a policyholder.
- Calculate and interpret loss ratio, expense ratio, combined ratio, and operating ratio for a property-casualty insurance company.
- Describe moral hazard and adverse selection risks facing insurance companies, provide examples of each, and describe how to overcome the problems.
- Distinguish between mortality risk and longevity risk and describe how to hedge these risks.
- Evaluate the capital requirements for life insurance and property-casualty insurance companies.
- Compare the guaranty system and the regulatory requirements for insurance companies with those for banks.
- Describe a defined benefit plan and a defined contribution plan for a pension fund and explain the differences between them.
Пікірлер: 16
Enjoyed, the concepts are beautifully explained.
@analystprep
3 жыл бұрын
Glad it was helpful! If you like our video lessons, it would be helpful to spread the word if you could leave us a review here: www.trustpilot.com/review/analystprep.com
I want to thank you for the video and the effort behind them!
@analystprep
2 жыл бұрын
Thanks for watching! If you like our video lessons, it would be appreciated if you could take 2 minutes of your time to give us a review at facebook.com/pg/AnalystPrep/reviews/
Thanks a lot Professor!
@analystprep
2 жыл бұрын
Glad it was helpful! If you like our video lessons, it would be helpful if you could take 2 minutes of your time to leave us a review here: www.trustpilot.com/review/analystprep.com
@harshchhabra14
2 жыл бұрын
@@analystprep Sir, I have one query regarding exam. I am a returning candidate, reappearing for the level 1. Do I need to pay membership fee($195) along with exam fee, or just exam fee will do?
@16:23 - Why wouldnt' the nominee get 100,000 instead of 162.60 since the sum assured is 100,000?
On the slide "Ratio in Property", should the "Dividend" be interpreted as dividend payout?
thanks a lot sir!!
@analystprep
2 жыл бұрын
Glad it was helpful! If you like our video lessons, it would be helpful if you could take 2 minutes of your time to leave us a review here: www.trustpilot.com/review/analystprep.com
9.45 is where you gave away a lot of information about you and your family 😂 By the way I just love your teaching Sir, thank you so much ❤
@sharpenepal5572
Жыл бұрын
Teaching? More like his narrating?
Is there a detailed version of these videos?
@analystprep
2 жыл бұрын
Hi Archit. The detailed version of the video would be our study notes, which can be found here for both parts: analystprep.com/shop/unlimited-package-for-frm-part-i-part-ii/ or here for just Part I: analystprep.com/shop/learn-practice-package-for-frm-part-i/ We try to keep the videos at a reasonable length since we know most candidates will either read our study notes or the official curriculum after each video.
@architchatrath4361
2 жыл бұрын
@@analystprep Thank you