SA1 topical issues (updated 9 March 2022)

Discussion in 'SA1' started by Steve McIntosh, Nov 6, 2006.

  1. It is important that Subject SA1 students take the opportunity to keep abreast of current developments in health and care insurance. Some exam questions are likely to cover topical issues that are not covered explicitly by the Course Notes alone.

    The purpose of this thread is for Subject SA1 students to discuss topical issues on health and care insurance. Feel free to add your own comments about topical issues.
     
    Last edited by a moderator: Mar 31, 2008
  2. Jinal

    Jinal Made first post

    Do we, by any chance, have any material around use to telematics for pricing??
    Loads of data can be collected through fitness bands (relevant for health insurance) but practically how do we convert data to impact pricing and its limitations, etc
     
  3. Sarah Byrne

    Sarah Byrne ActEd Tutor Staff Member

    There was an event at the IFoA last June which had a couple of papers on the use of devices:
    https://www.actuaries.org.uk/learn-and-develop/conference-paper-archive/2016

    Scroll down and select 'Hot Topics in Health and Care: Networking Event'. Hopefully you can access the files without having attended the event.

    I'm not sure it answers your specific questions but you might find it interesting. There is only one of the papers here, there was another one presented by Discovery from South Africa about the use of wearable technology (which I think it what you're more interested in). As I say, the slides/paper don't appear to be on the website but here are my notes from the meeting:

    Discussed activity trackers mainly but also suggested use of other sources of data such as glucose levels and diabetes monitoring.

    Uses – allows more granular risk classification, improves underwriting and reduces underwriting resources, can offer premium reductions to “better” lives (positive selective effect, reduced anti-selection), can engage with higher risk lives and help manage risk via wearable tech, for PMI it could improve the quality of care and ensure it’s appropriate and for IP it could increase employee activity and help manage claims

    Risks – takes time to analyse data, often self-measures (so rely on truth being reported), measurements can be manipulated (eg put the pedometer on the dog), policyholders need to opt-in, questions of accuracy, data privacy


    This is all the information I have but I hope it helps.

    Sarah
     
  4. Jinal

    Jinal Made first post

    Hi Sarah,

    Thank you very much.

    Both, the topics and your notes, were helpful and interesting to read.

    Thanks again.
     
  5. Ester

    Ester Member

    Is this available for other subjects as well, or only SA1?
     
  6. Sarah Byrne

    Sarah Byrne ActEd Tutor Staff Member

    Have a look on the individual SA subject threads on the forum. SA2 have a very similar document (much of the Core Reading is the same for SA1 and SA2), SA4 has a relevant thread too. Even if no document exists for the subject you're interested in, you can look out for articles and items of interest in relevant publications to get an idea of current thinking in the area.

    Sarah
     
  7. Amit_P

    Amit_P Member

    Is there an updated version of this for 2022?
     
  8. Sarah Byrne

    Sarah Byrne ActEd Tutor Staff Member

    Hi Amit

    We will update the topical issues in the early 2022. Many of the issues in the document are still relevant and you can look online for any information on health and care as part of your reading around the subject.

    Sarah
     
  9. Amit_P

    Amit_P Member

    What Example papers do you recommend for April 2022 exam?
     
  10. Sarah Byrne

    Sarah Byrne ActEd Tutor Staff Member

    Hi Amit

    We would recommend doing as many past papers as you can. But you could concentrate on the papers since the syllabus change (so 2019, 2020 and 2021) as these are likely to be most reflective of the April 2022 exam style. I would then suggest 'topping up' with questions on topics you find trickier either using the question log or attempting some of the end of chapter or assignment questions.

    Remember that past papers won't test every topic, so make sure you go back through the Course Notes before the exam to check you have a good knowledge of the whole course.

    Sarah
     
  11. Sarah Byrne

    Sarah Byrne ActEd Tutor Staff Member

    Here is the latest SA1 topical issues document. As ever, this is not intended to be a full list of every area, but it should provide areas you may want to consider in more detail and perhaps carry out some additional reading around.
     

    Attached Files:

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