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Qualification Pathway United Kingdom — Fellowship: Specialist Principles

Life Insurance Principles (SP2) Exam

Learn the principles of life insurance: products, design, risk, valuation and monitoring experience.

Life Insurance Principles (SP2) Exam

Learning Objectives

5 objectives
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Describe the main life insurance products and how they link to customers' needs and the insurer's risks.

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Apply actuarial principles to product design, with-profits management, unit pricing and discontinuance terms.

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Assess the risks to a life insurer and how they are managed.

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Use models for decision-making, the cost of options and guarantees, and solvency capital.

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Set assumptions and monitor experience and surplus.

Programme Outline

5 topics
1

Life Insurance Products and General Business Environment

The main types of life products and the business environment.

2

Product Design and Specific Features

Product design, with-profits business, unit pricing for internal unit-linked funds, and discontinuance and alteration terms.

3

Risks and Risk Management

Sources of risk to a life insurer, reinsurance, underwriting and asset-liability matching.

4

Models and Valuation

Life insurance models, the cost of options and guarantees, and supervisory reserves and solvency capital.

5

Monitoring Experience and Setting Assumptions

Assumption setting, experience monitoring and analysis of surplus or profit.

Hands-On Resources

Missed a live session? Catch up here.

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Recorded Lectures Every live session is recorded and available within 24 hours.
Watch → Coming soon
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Case Study Library Real-world actuarial science case studies used throughout the course.
Download → Coming soon
quiz
Practice Question Bank Exam-style questions with full worked solutions.
Access → Coming soon

Qualification Pathway

26 examinations
1
United Kingdom — Core Principles Actuarial Statistics (CS1) Exam
£2,100.00 View →
2
United Kingdom — Core Principles Risk Modelling and Survival Analysis (CS2) Exam
£2,100.00 View →
3
United Kingdom — Core Principles Actuarial Mathematics for Modelling (CM1) Exam
£2,100.00 View →
4
United Kingdom — Core Principles Economic Modelling (CM2) Exam
£2,100.00 View →
5
United Kingdom — Core Principles Business Finance (CB1) Exam
£2,100.00 View →
6
United Kingdom — Core Principles Business Economics (CB2) Exam
£2,100.00 View →
7
United Kingdom — Core Principles Business Management (CB3) Assessment
£2,100.00 View →
8
United Kingdom — Core Practices Actuarial Practice (CP1) Exam
£2,500.00 View →
9
United Kingdom — Core Practices Modelling Practice (CP2) Exam
£2,500.00 View →
10
United Kingdom — Core Practices Communications Practice (CP3) Exam
£2,500.00 View →
11
United Kingdom — Fellowship: Specialist Principles Health and Care Principles (SP1) Exam
£2,900.00 View →
12
United Kingdom — Fellowship: Specialist Principles Life Insurance Principles (SP2) Exam
£2,900.00 This page
13
United Kingdom — Fellowship: Specialist Principles Pensions and Other Benefits Principles (SP4) Exam
£2,900.00 View →
14
United Kingdom — Fellowship: Specialist Principles Investment and Finance Principles (SP5) Exam
£2,900.00 View →
15
United Kingdom — Fellowship: Specialist Principles Financial Derivatives Principles (SP6) Exam
£2,900.00 View →
16
United Kingdom — Fellowship: Specialist Principles General Insurance Reserving and Capital Modelling Principles (SP7) Exam
£2,900.00 View →
17
United Kingdom — Fellowship: Specialist Principles General Insurance Pricing Principles (SP8) Exam
£2,900.00 View →
18
United Kingdom — Fellowship: Specialist Principles Enterprise Risk Management Specialist Principles (SP9) Exam
£2,900.00 View →
19
United Kingdom — Fellowship: Specialist Principles Banking Principles (SP10)
£2,900.00 View →
20
United Kingdom — Fellowship: Specialist Advanced Health and Care Advanced (SA1) Exam
£3,400.00 View →
21
United Kingdom — Fellowship: Specialist Advanced Life Insurance Advanced (SA2) Exam
£3,400.00 View →
22
United Kingdom — Fellowship: Specialist Advanced General Insurance Advanced (SA3) Exam
£3,400.00 View →
23
United Kingdom — Fellowship: Specialist Advanced Pensions and Other Benefits Advanced (SA4) Exam
£3,400.00 View →
24
United Kingdom — Fellowship: Specialist Advanced Investment and Finance Advanced (SA7) Exam
£3,400.00 View →
25
United Kingdom — Fellowship: Specialist Advanced Banking Advanced (SA10)
£3,400.00 View →
26
United Kingdom — Fellowship: Specialist Advanced Research Route Dissertation (SA0)
£3,400.00 View →
Accounting ◆ Finance & Investment ◆ Actuarial Science ◆ Risk Management ◆ Executive Education ◆ Accounting ◆ Finance & Investment ◆ Actuarial Science ◆ Risk Management ◆ Executive Education ◆