FAP Designing and Pricing an Actuarial Solution
FAP Mod 5
FAP Designing and Pricing an Actuarial Solution
Created: Mon Nov 28, 2022
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Contents
FAP Designing and Pricing an Actuarial Solution............................................................ 1
1 FAP Designing and Pricing an Actuarial Solution......................................................... 7
1.1 Section 1: Module Overview .................................................................................. 7
1.1.1 Splash Page.................................................................................................... 7
1.1.2 From the Field................................................................................................. 8
1.1.3 Introduction ..................................................................................................... 8
1.1.4
1.1.6 Selection and Application of Actuarial Models............................................... 10
1.1.7 What You Will Learn in This Module ............................................................. 10
1.1.8 Module Sections............................................................................................ 11
1.1.9 Section 1 Quiz............................................................................................... 11
1.1.10 Section 1 Quiz............................................................................................. 13
1.2 Section 2: Overview of Actuarial Models ............................................................. 15
1.2.1 Section 2 Introduction ................................................................................... 15
1.2.2 Learning Objectives ...................................................................................... 16
1.2.3 Recapping the Control Cycle......................................................................... 16
1.2.4 Defining Key Terms....................................................................................... 17
1.2.5 The Fundamental Actuarial Formula ............................................................. 17
1.2.6 The Fundamental Actuarial Formula ............................................................. 18
1.2.7 Individual and Group Models......................................................................... 18
1.2.8 Individual and Group Models......................................................................... 19
1.2.9 Individual and Group Models......................................................................... 19
1.2.10 Adding Individual and Group Models .......................................................... 20
1.2.11 Adding Individual and Group Models .......................................................... 20
1.2.12 Section 2 Summary..................................................................................... 21
1.2.13 Section 2 Quiz............................................................................................. 21
1.2.14 Section 2 Quiz............................................................................................. 23
1.2.15 Section 2 Quiz............................................................................................. 24
1.3 Section 3: Pricing Models .................................................................................... 27
1.3.1 Section 3 Introduction ................................................................................... 27
1.3.2 Pricing Preview Scenario .............................................................................. 28
1.3.3 Pricing Preview Scenario .............................................................................. 28
1.3.4 Overview of Pricing Models........................................................................... 29
1.3.5 Video............................................................................................................. 29
1.3.6 Pricing ........................................................................................................... 30
1.3.7 Pricing Process ............................................................................................. 30
1.3.8 Thought Question.......................................................................................... 31
1.3.9 Pricing Process ............................................................................................. 31
1.3.10 Profit Testing Activity.................................................... [Show Less]