Part A of this Course introduced the general insurance market in terms that enable you to understand the role that the actuary plays in the management of risk within the industry. It also developed the key actuarial skills gained from earlier stages of the education process into core techniques and methodologies. Application of thee tools was then put in the context of management of general insurance liabilities and accounting for these liabilities.
Part B of the Course extends the skills of the actuary to include all areas of financial management of a general insurance entity, with particular focus on pricing of risks, premium rating and capital management.
The goal of Course 3 Part B, it to put the student in a position of understanding and being able to apply techniques for the construction of a Financial Condition Report for a general insurer.