Consumer Needs and Changing Trends Quiz

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?

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?

What is the percentage of the South African population covered by private medical insurance?

Which chapters specifically focus on the topic of pricing for health and care products?

In which chapters are reserves and solvency capital requirements discussed for health and care products?

Which chapter focuses on investment and suitable investment strategies for health and care insurers?

How do changing lifestyles, standard of living, education, and technology impact consumer needs?

What effect would an increase in financial well-being have on the demand for comprehensive health insurance products?

How do changes in technology and an educated public impact the insurance market?

Which of the following is NOT mentioned as part of a typical personal financial life cycle from ages 16-25?

Who benefits from profits when experience is better than expected in insurance?

What type of contract allows the consumer to obtain a benefit moving in line with a specified index?

Under a with-profits contract, who shares the profits and risks?

What is typical in a with-profits contract regarding benefits?

What is one possible outcome for the policyholder as a result of underwriting?

In full medical underwriting, what happens if the applicant has pre-existing conditions?

What distinguishes moratorium underwriting from full medical underwriting?

How does moratorium underwriting handle covering pre-existing conditions in the future?