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Re: Institute of Actuaries of India-Subject ST1- Health and Care
As you asking for the syllabus of the subject ST1 – health and care , here I am providing you the syllabus of the subject ST1 – health and care of Institute of Actuaries Of India. the syllabus is as follow: Define the principal terms used in health and care provision in the India. Analyse the main types of health and care insurance products in terms of: customer needs interaction with State provision higher order insurer risk considerations bundling and unbundling impact of unit-linked wrappers (c) Describe the general business environment for health and care insurers in India, in terms of: products and distribution, including the roles of the State and employers underwriting approaches, including genetic testing use of counterparties external influences – demographic, medical, economic and social (d) Understand the legal, taxation and regulatory framework as applicable to Indian health and care insurance: taxation of Indian health and care products: premiums, benefits, profits supervision of valuation of assets, liabilities and capital requirements principles underlying the risk based capital regime conduct of business rules financial reporting requirements policyholder protection schemes treating customers fairly statutory actuarial roles (e) Describe the principles underlying the requirements of the professional standards and guidance relevant to actuaries practising in Indian health and care operations. (f) Understand how to design and price health and care insurance products to be sold by Indian insurers, including: policy conditions capital requirements and return on capital marketability, competition and distribution management of the risks availability of good quality and relevant data underwriting reinsurance investment policy the renewal process and options regulatory requirements (g) Understand the principles and practices in specific areas of evaluation: assessment of the market for a new company launch assessment of overseas markets assessment of a company or portfolio for takeover embedded value analysis rest of the syllabus you may find in the file given below: Institute of Actuaries Of India-Subject ST1- Health and Care syllabus |
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