General Insurance Advanced (SA3) Exam
Apply general insurance principles to complex management problems, including catastrophe, emerging risk and financial management.
Learning Objectives
4 objectivesAnalyse general insurance markets, catastrophe modelling and emerging risks, including climate change.
Apply the regulatory, legislative and taxation environment, including Solvency II and Lloyd's.
Value liabilities, reserve for latent claims, and understand how the environment affects reserving and capital.
Plan and monitor the financial management of a general insurer, including portfolio transfers.
Programme Outline
4 topicsGeneral Insurance Markets, Catastrophe Modelling and Emerging Risks
Market features including Lloyd's, catastrophe modelling, climate change, annuities in non-life insurance, and emerging risks.
Regulatory, Legislative and Taxation Environment
Solvency II, the Lloyd's regime, consumer protection and equality law, taxation, and actuarial standards.
Reserving, Pricing, Capital Modelling and Reinsurance
Valuation bases, reserving for latent and disease claims, and the effect of the commercial and regulatory environment.
Financial Management, Monitoring and Strategies
Financial planning and models, and the reasons for and approaches to transferring a portfolio of business.
Hands-On Resources
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