GI 201
Assumes knowledge from GI 101 The candidate will understand the structure and functions of a general insurance company. The candidate will understand the different types of general insurance products offered. The candidate will understand the reasons for, and the types of, general insurance regulation. The candidate will understand tort law and insurance law with respect…
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Plan & Product Provisions: The candidate will understand how to describe benefits typically offered under long-duration contracts (disability income, long-term care, critical illness, Medicare Supplement). Manual Rating: The candidate will understand how to calculate rates for each of the contracts described in Learning Objective 1. Reserving: The candidate will understand how to apply valuation principles…
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The candidate will understand, develop, apply, and evaluate cash flow models for various types of long-term insurance business. For each, the candidate will demonstrate an understanding of the underlying modeling methodologies: their strengths, limitations, and applications. The candidate will understand, apply, and evaluate non-cash flow and supplementary models for various types of long-term insurance business.…
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The candidate will understand and apply strategic management concepts and frameworks to develop an organization’s business strategies and solutions. The candidate will 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. The candidate will understand how…
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Assumes knowledge from RET 101 and RET 201 Assumptions: The candidate will understand how to 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: The candidate will understand how to apply/synthesize the methods used to value pension benefits…
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Assumes knowledge from RET 101 Methods: The candidate will understand how to apply/synthesize the methods used to value pension benefits for various purposes. Actuarial Assumptions: The candidate will understand how to analyze/synthesize the factors that go into selection of actuarial assumptions used in pension valuations. Accounting Standards: The candidate will understand how to perform valuations…
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Benefit Plan Structure, Features and Investments: The candidate will understand how to analyze different types of retirement plans and retirement plan investments. Participant Risks: The candidate will understand how to analyze the risks faced by retirees and the participants of retirement plans. Sponsor Risks: The candidate will understand how to analyze the risks faced by…
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Assumes knowledge from ILA 101 International Financial Reporting Requirements: The candidate will understand and apply valuation principles to individual life insurance and annuity products issued by international life insurance companies. Capital Management: The candidate will learn the capital requirements under solvency II framework, the approaches and tools of financial capital management for international life insurance…
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Assumes knowledge of GI 101 and GH 201 The candidate will understand the personal lines insurance products offered in the United States. The candidate will understand the commercial general insurance products offered in the United States. The candidate will understand the structure of insurance regulation and its development in the United States. The candidate will…
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Assumes knowledge from GI 101 The candidate will be able to use stochastic loss development models to estimate reserve variability. The candidate will understand and apply the considerations in the development of losses for excess limits and layers. The candidate will be able to estimate premium liabilities. The candidate will understand the considerations in selecting…
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