GI 201
Assumes knowledge from GI 101 Understand the structure and functions of a general insurance company. Describe the regulatory environment for general insurance. Understand tort law and insurance law with respect to its effect on general insurance. Understand elements of financial economics relevant to general insurance. Understand the elements of financial reporting for general insurance companies.…
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Plan & Product Provisions: Describe benefits typically offered under long-duration contracts (disability income, long-term care, critical illness, Medicare Supplement). Manual Rating: Calculate rates for each of the contracts described in Learning Objective 1. Reserving: Apply valuation principles for long-duration contracts. Financial Statements: Prepare and interpret insurance company financial statements for long duration contracts. Retiree Group…
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Cash Flow Models for Long-Term Insurance Business: Understand, develop, apply, and evaluate cash flow models for various types of long-term insurance business. The candidate will demonstrate an understanding of the underlying modeling methodologies: their strengths, limitations, and applications. Non-Cash Flow and Supplementary Models for Financial Business: Understand, apply, and evaluate non-cash flow and supplementary models…
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Introduction to Strategic Management: Understand and apply strategic management concepts and frameworks to develop an organization’s business strategies and solutions. Strategic Budgeting and Value Measures: Understand how sustainable growth and value can be created through strategic budgeting. The candidate will also understand measures of an organization’s value and their uses in decision making. Decision Modeling…
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Assumptions: Analyze/synthesize the factors that go into selection of actuarial assumptions for funding purposes of retirement plans under Canadian pension legislation, regulatory policies, and tax legislation. Methods: Prepare valuation results, including required contributions, for various purposes under Canadian pension legislation, regulatory policies, and tax legislation. Regulations – Evaluation and Application: Evaluate and apply Canadian pension…
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Methods: Apply/synthesize the methods and models used to value pension benefits for various purposes. Actuarial Assumptions: Analyze/synthesize the factors that go into selection of actuarial assumptions used in pension valuations. Accounting Standards: Perform valuations and prepare disclosure information for retirement income plans under applicable accounting standards. Investment Risk Management: Recognize and appropriately reflect the role…
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Benefit Plan Structure, Features and Investments: Analyze different types of designs for retirement plans and retirement plan investments. Participant Risks: Analyze the risks faced by retirees and the participants of retirement plans. Sponsor Risks: Analyze the risks faced by sponsors of retirement plans. Benefit Plan Design Recommendation: Evaluate sponsors’ goals for the retirement plan, evaluate…
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International Financial Reporting Requirements: Understand and apply valuation principles to individual life insurance and annuity products issued by international life insurance companies. Capital Management: Understand international capital requirements, the approaches and tools of financial capital management for international life insurance companies. Management and Evaluation of Life Insurance Risks: Understand various approaches to manage and evaluate…
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Assumes knowledge of GI 101 and GI 201 Understand the personal lines insurance products offered in the United States. Understand common commercial lines insurance products and coverages offered in the United States. Understand the development and structure of insurance regulations in the United States. Understand the different reporting standards for U.S. general insurance companies and…
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Assumes knowledge from GI 101 Use stochastic loss development models to estimate reserve variability. Understand the considerations in the development of losses for excess limits and layers. Estimate premium liabilities. Understand the considerations in selecting a risk margin for unpaid claims. Apply methods to monitor actual versus expected experience. Understand and apply ratemaking techniques for…
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