Group life assumption-setting process to management

Assignment Help Business Management

Reference no: EM133838211

Question

Your supervisor, Allison, needs to present a summary of the group life assumption-setting process to management, who are not very familiar with the life products. Allison has asked you to write a summary (two pages maximum) describing the three major categories of assumptions used by actuaries (economic, demographic, and experience-based) as they relate to group life claim cost projections. In addition to describing the three major categories of assumptions, Allison asked that your summary answer the following questions:

- Provide two specific assumption types within each category that are material to forming claim costs for a group life insurer?

- What are some potential consequences of getting these assumptions wrong?

- Based on the example assumptions you have selected, which set of assumptions might be interrelated, why are they interrelated, and what challenges do their interrelationships create in setting these assumptions?

Reference no: EM133838211

Questions Cloud

Describe two relevant social policies that have an impact : SWK 520- Construct a statement of the problem. Describe two relevant social policies that have an impact on individuals or families.

Developing new mobile app based on similar past projects : For example, the top-down approach estimates the budget and timeline for developing a new mobile app based on similar past projects.

More support and verbally requested : Describe one occasion where, while performing a daily task, you recognised that you needed more support and verbally requested it from your supervisor.

Critical path for project schedule network : Use the information in the table to construct the critical path for a project schedule network using forward and backward passes:

Group life assumption-setting process to management : Your supervisor, Allison, needs to present a summary of the group life assumption-setting process to management,

Aanalyse range of approaches used to engage : Aanalyse a range of approaches used to engage and manage people to achieve organisational outcomes during changing organisational contexts.

About the budget spent for each product iteration : The product itself. Since the beginning of a project, the product owner keeps asking during ceremonies about the budget spent for each product iteration.

Describe the environmental and cultural factors : Describe the environmental and cultural factors involved and relevant background information. Identify the originating causes influencing the dilemma

Evaluate the website utilizing the criteria you learn : Write a paragraph of 200 to 250 words for each website to evaluate the website utilizing the criteria you learn from the library tutorial.

User Account

All Pages