Short-Term Insurance Actuary

2 sequenced courses

GH 101
Benefits and Pricing ▼
  • Plan & Product Provisions: The candidate will understand how to describe plan provisions typically offered under short-duration contracts (medical, dental, vision, prescription drug, group life).
  • Manual Rates: The candidate will understand how to calculate and recommend a manual rate for each of the contracts described in Learning Objective 1.
  • Underwriting & Funding: The candidate will understand how to apply principles of pricing, risk assessment, and funding to an underwriting situation.
  • Employee Benefits: The candidate will understand how to evaluate and recommend an employee benefit strategy.
GH 201-U
Valuation and Regulation, U.S. ▼
  • Assumes knowledge from GH 101
  • Reserving: The candidate will understand how to apply valuation principles for short duration group and health insurance contracts.
  • Financial Statements: The candidate will understand how to prepare and interpret insurance company financial statements in accordance with Statutory Accounting Standards and GAAP.
  • Regulation: The candidate will understand how to evaluate the impact of regulation on insurance companies and plan sponsors in the US.
  • Flow of Funds: The candidate will understand how to describe the flow of funds in the health care system and the role of providers in the system.
  • Government Programs: The candidate will understand how to describe government programs providing health benefits in the US.
or
GH 201-C
Valuation and Regulation, Canada ▼
  • Assumes knowledge from GH 101
  • Reserving: The candidate will understand how to apply valuation principles for group and health insurance contracts.
  • Financial Statements: The candidate will understand how to prepare and interpret insurance company financial statements in accordance with IFRS.
  • Regulation & Taxation: The candidate will understand how to evaluate the impact of regulation and taxation on insurance companies and plan sponsors in Canada.
  • Flow of Funds:  The candidate will understand how to describe the flow of funds in the health care system and the role of providers in the system.
  • Government Programs:  The candidate will understand how to describe and evaluate government programs providing health and disability benefits in Canada.

2 additional courses

GI 101
Ratemaking and Reserving ▼
  • The candidate will understand key considerations and concepts underlying general insurance actuarial work.
  • The candidate will demonstrate the ability to prepare claims and exposure data for general insurance actuarial work.
  • The candidate will know how to calculate and evaluate projected ultimate values.
  • The candidate will understand financial reporting of claim liabilities.
  • The candidate will understand trending procedures as applied to ultimate claims, exposures and premiums.
  • The candidate will understand how to apply the fundamental ratemaking techniques of general insurance.
  • The candidate will be able to define an approach for actuarial analyses supporting financial reporting and ratemaking analyses under various real-life scenarios.
Any Course