Life Insurance Advanced (SA2) Exam
Apply life insurance principles to complex management problems, within the regulatory and business environment.
Learning Objectives
4 objectivesAnalyse the major life insurance products and the business environment.
Apply the regulatory, legislative and taxation environment, including Solvency II.
Assess solvency, manage capital, and understand profit reporting and surplus.
Manage a life insurance business, including fair treatment of customers, risk controls, with-profits business, and product design and pricing.
Programme Outline
4 topicsLife Insurance Products and General Business Environment
The major products and the effect of the business environment.
Regulatory, Legislative and Taxation Environment
Legislation, taxation, regulatory frameworks including Solvency II, comparisons between jurisdictions, and actuarial standards.
Reporting and Management of Capital and Profit
Solvency assessment, capital management, profit reporting and analysis of surplus.
General Business Management
Treating customers fairly, risk management and controls, with-profits management, and product design and pricing.
Hands-On Resources
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