What Are the Core Classes in Actuarial Studies?

"Life insurance actuarial practice" is a course covering both theory and practice in the Chinese actuary qualification examination junior qualification system. This revision of the "Actuarial Practice in Life Insurance" firstly adjusted the structure, adding the main types of life insurance, the embedded value of life insurance companies, the solvency supervision, the actuarial practice standards of the Chinese life insurance industry, and the contents of examples. Second, some chapters were consolidated, enriched, and adjusted, including chapters on cash value, pricing overview, and reserve assessment. In the end, the manuscripts were completely sorted out, and various problems in the original book were corrected.

Life Insurance Actuarial Practice

Li Xiufang,

Chapter 1 Main Types of Life Insurance

1.1 General Life Insurance

1.2 New Life Insurance

Chapter 2 Policy Cash Value and Dividends

2.1 Policy Cash Value

2.2 Policy options

2.3 Asset Share

2.4 Policy Bonus

Chapter III Special Annuities and Insurance

3.1 Special forms of annuities

3.2 Family Income Insurance

3.3 Retirement Income Policy

3.4 Variable insurance products

3.5 Variable Plan Products

3.6 Disability benefits in personal life insurance

Chapter 4 Overview of Life Insurance Pricing

4.1 Basic concepts of pricing

4.2 Life Insurance Pricing

4.3 Pricing assumptions

Fifth Weibo Asset Share Pricing

5.1 Asset Share Pricing Process

5.2 Basic formula of asset share method

5.3 Impact of various factors on cash flow

5.4 Adjustment of premiums

Chapter VI Further Analysis of Asset Share Method

6.1 Improvement of the asset share method

6.2 Changes in profit

6.3 Other applications of asset share

Chapter VII Reserve Evaluation Workers

7.1 Reserves from different perspectives

7.2 Evaluation method of statutory liability reserve

7.3 Selection of assessment basis

7.4 Application of reserve method in practice

Chapter VIII Reserves Evaluation

8.1 Evaluation of interest rate sensitive life insurance

8.2 Annuity Evaluation

8.3 Evaluation of variable insurance

8.4 Further Application of Evaluation

Chapter IX Embedded Value of Life Insurance Companies

9.1 Definition of Embedded Value

9.2 Embedded value calculation method

9.3 Specific Application and Evaluation of Embedded Value

9.4 Examples of Embedded Value Calculation

Chapter X Solvency Supervision

10.1 Overview of Solvency Regulation

10.2 EU and North America Solvency Supervision Practices and Progress

10.3 Asset Evaluation in Solvency Supervision

10.4 Solvency Management

10.5 China's Solvency Supervision

Chapter XI Overview of Pensions

11.1 Basic concepts of pension plans

11.2 Actuarial cost factors

11.3 Actuarial costing of benefit distribution

11.4 Actuarial costing of cost allocation

Chapter 12 Mathematical Theory and Examples of Pensions

12.1 Individual Cost Method with Increasing Cost

12.2 Individual Cost Method of Equilibrium Cost

12.3 Aggregation cost method

Chapter XIII Actuarial Practice Standards and Examples in China's Life Insurance Industry

13.1 Actuarial requirements and examples of premium calculation

13.2 Actuarial requirements and examples of policy value reserve and policy cash value at the end of the policy year

13.3 Actuarial regulations and examples of statutory liability reserves

13.4 Actuarial requirements for cash value and statutory liability reserves

appendix

Appendix I Actuarial Regulations for Life Insurance

Appendix II Interim Measures for the Administration of Dividend Insurance

Appendix III Interim Measures for the Administration of Investment-linked Insurance

Appendix Actuarial Regulations for New Life Insurance Products

Appendix Guidelines for the Preparation of the Embedded Value Report of Life Insurance

Appendix VI Management Provisions on Solvency Limits and Regulatory Indicators of Insurance Companies

Schedule

Attached Table Life Table of China Life Insurance Industry Experience (1990-1993)

Attached Table Life Table of China Life Insurance Industry (1990-1993) Conversion Table

Attached Table Life Table of China Life Insurance Industry (2000-2003)

Attached Table IV: Life Table of China Life Insurance Industry (2000-2003)

Answers to Exercises

References ^[1]

Author: editor and T.

Publisher: China Finance and Economics Press

Published: 2006-11

Word Count: 603000

Number of pages: 407

Folio: 16

Paper: offset paper

ISBN: 9787500593812

Packaging: Paperback

Categorise Books >> Economy >> Insurance

Price: $ 49.00