Courses / Inside Life Insurance
Inside Life Insurance
Understand the main areas of UK life insurance, from protection products to annuities and pension risk transfer. Learn the products, the role of life tables and expected present values, how bulk purchase annuities work and the basic structure of a Solvency UK balance sheet.
Preview lessons are free. The rest unlock with any plan: see pricing.
01Products and the UK life market
- Two businesses under one labelFree preview
- Protection: insuring against dying too soonLocked
- Savings and retirement: insuring against living too longLocked
- Who the players areLocked
02The BPA boom
- Why DB schemes are buying outFree preview
- Buy-in, buyout and the anatomy of a dealLocked
- Where the premium goesLocked
03Mortality and the mathematics of life
- Reading a life tableLocked
- How long will a 65-year-old live?Locked
- Expected Present Value: pricing a promiseFree preview
- Annuities and the equivalence principleLocked
04Valuation, capital and reinsurance
- The Solvency UK balance sheetLocked
- The matching adjustmentLocked
- Longevity swapsLocked
- Funded re and the regulator's worryLocked
05Working in life
- Where actuaries sit: the team mapLocked
- Year one on the jobLocked
- Pay and progression in lifeLocked
- The life interviewLocked