Risks mnemonic

Discussion in 'SA1' started by Kail, Apr 10, 2009.

  1. Kail

    Kail Member

    Hi there. What is this for ST1 at the moment? I believe it's changed since I did it a few sitting ago.

    Thank you
     
  2. LucyLou

    LucyLou Member

    They've added a few since I've done ST1 as well. Here's the new list - hope it helps:

    Rates (mortality, morbidity and average cost)
    Investment
    Senior Management
    K(C)ompetition
    Selection

    Inflation

    Withdrawals
    Options and Guarantees
    New Buisness (Volumes and mix by source nature and size)
    Data (policy and other)
    Expenses
    Reinsurance

    Counterparties (in distribution, provision of medical services and reinsurance)
    Leglislation (regulation and fiscal developments)
    Earlier screening / diagnosis
    Aggregation and concentration of risk
    Non-disclosure

    Catastrophes
    Reputational risks / customer service shortcomings
    Internal audit failures / fraud
    System failures
    Physical risks
     

Share This Page