General Insurance Reserving and Capital Modelling Principles (SP7) Exam
Learn how general insurers reserve for claims and model capital, and how the two connect to the rest of the business.
Learning Objectives
5 objectivesDescribe general insurance products, markets (including Lloyd's) and reinsurance.
Explain the major risks and uncertainties and the regulatory framework.
Reserve for general insurance business, including stochastic methods.
Apply capital modelling, including diversification.
Work with data, reinsurance, investment and accounting issues in reserving and capital.
Programme Outline
3 topicsGeneral Insurance Products and General Business Environment
Markets and products, reinsurance products, and the Lloyd's market.
Risk, Uncertainty and Regulation
Areas of risk and uncertainty for reserving and capital, and the regulatory framework.
Data, Investigations, Reinsurance and Investment
Data, experience investigations, reinsurance programmes and structures, investment and asset-liability management, and accounting.
Hands-On Resources
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