Mathematical Basis of Life Assurance

Across 12 chapters, every question reviewed and exam-aligned.

Tap a chapter to see what it covers.

1. 1Life Insurance Products37 questions37▾

   Life insurance products: term, whole life, pure endowment, endowment and accumulating with profit plans.

2. 2Office Premiums37 questions37▾

   Office premiums: choosing mortality tables, loadings for expenses and bonus, adequacy, select premiums and anti-selection.

3. 3Policy Values37 questions37▾

   Policy values: their meaning and calculation, plus surrender values and alteration of policy contracts.

4. 4Further Life Contingencies37 questions37▾

   Further life contingencies: benefits payable at death, premiums paid more often, complete annuities and extra risks.

5. 5Reinsurance37 questions37▾

   Life reinsurance: why insurers need it, original terms and risk premium methods, and excess of loss.

6. 6Data for Valuation37 questions37▾

   Data for valuation: compiling and grouping policy data for valuing an insurer's liabilities.

7. 7Methods of Valuation37 questions37▾

   Valuation methods: net premium, gross premium and bonus reserve methods, unit linked valuation and regulatory rules.

8. 8Special Reserves and Adjustments37 questions37▾

   Special reserves and adjustments: outstanding premiums, early claims, revivals, paid up policies and negative values.

9. 9Surplus and its Distribution37 questions37▾

   Surplus in life insurance: its sources, how it is estimated, and methods of distributing it.

10. 10Asset Share37 questions37▾

    Asset share: its components, how it is calculated, and its uses in with profit business.

11. 11Surrenders and Alterations37 questions37▾

    Surrenders and alterations: surrender value principles, effects on profits and reserves, and changing policy terms.

12. 12Risks37 questions37▾

    Risks faced by life insurers: market, insurance and operational risks, and how to mitigate them.