Learning outcomes: Describe defined benefit plans and defined contribution plans and explain the differences between them. Compare the various types of life insurance policies. Calculate and interpret loss ratio, expense ratio, combined ratio, and operating ratio for a property-casualty...
Learning objectives: Distinguish between mortality risk and longevity risk and describe how to hedge these risks. Evaluate the capital requirements for life insurance and property-casualty insurance companies. Compare the guaranty system and the regulatory requirements for insurance companies...
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