Podcast
Questions and Answers
What is one of the areas in health and care that actuaries are increasingly involved in?
What is one of the areas in health and care that actuaries are increasingly involved in?
Which country's government is mentioned as seeking ways to cope with a changing population's demands?
Which country's government is mentioned as seeking ways to cope with a changing population's demands?
What is the proposed introduction that is likely to expand the work of actuaries into South Africa's public sector?
What is the proposed introduction that is likely to expand the work of actuaries into South Africa's public sector?
Where have actuaries traditionally been involved in the UK's context?
Where have actuaries traditionally been involved in the UK's context?
Signup and view all the answers
What is the percentage of the South African population covered by private medical insurance?
What is the percentage of the South African population covered by private medical insurance?
Signup and view all the answers
Which chapters specifically focus on the topic of pricing for health and care products?
Which chapters specifically focus on the topic of pricing for health and care products?
Signup and view all the answers
In which chapters are reserves and solvency capital requirements discussed for health and care products?
In which chapters are reserves and solvency capital requirements discussed for health and care products?
Signup and view all the answers
Which chapter focuses on investment and suitable investment strategies for health and care insurers?
Which chapter focuses on investment and suitable investment strategies for health and care insurers?
Signup and view all the answers
How do changing lifestyles, standard of living, education, and technology impact consumer needs?
How do changing lifestyles, standard of living, education, and technology impact consumer needs?
Signup and view all the answers
What effect would an increase in financial well-being have on the demand for comprehensive health insurance products?
What effect would an increase in financial well-being have on the demand for comprehensive health insurance products?
Signup and view all the answers
How do changes in technology and an educated public impact the insurance market?
How do changes in technology and an educated public impact the insurance market?
Signup and view all the answers
Which of the following is NOT mentioned as part of a typical personal financial life cycle from ages 16-25?
Which of the following is NOT mentioned as part of a typical personal financial life cycle from ages 16-25?
Signup and view all the answers
Who benefits from profits when experience is better than expected in insurance?
Who benefits from profits when experience is better than expected in insurance?
Signup and view all the answers
What type of contract allows the consumer to obtain a benefit moving in line with a specified index?
What type of contract allows the consumer to obtain a benefit moving in line with a specified index?
Signup and view all the answers
Under a with-profits contract, who shares the profits and risks?
Under a with-profits contract, who shares the profits and risks?
Signup and view all the answers
What is typical in a with-profits contract regarding benefits?
What is typical in a with-profits contract regarding benefits?
Signup and view all the answers
What is one possible outcome for the policyholder as a result of underwriting?
What is one possible outcome for the policyholder as a result of underwriting?
Signup and view all the answers
In full medical underwriting, what happens if the applicant has pre-existing conditions?
In full medical underwriting, what happens if the applicant has pre-existing conditions?
Signup and view all the answers
What distinguishes moratorium underwriting from full medical underwriting?
What distinguishes moratorium underwriting from full medical underwriting?
Signup and view all the answers
How does moratorium underwriting handle covering pre-existing conditions in the future?
How does moratorium underwriting handle covering pre-existing conditions in the future?
Signup and view all the answers