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WorksheetsHOD quiz
Total questions: 30
Worksheet time: 15mins
[Actuarial-Financial] Surplus arising forms the Net Profit After Tax (NPAT) of the following funds EXCEPT:
Participating
Non-Participating
Investment Linked Non-Unit
[Pricing] Which of the following is NOT the primary function of pricing team?
Ensure profitability of the products
To achieve operational efficiency of the customer on-boarding journey
To help the company deliver required return to
the shareholders
Ensure product competitiveness
[Strat. Plan] What is the Company TWNS (Sales) growth for 2019?
15.5%
16.5%
18.5%
20.5%
[IFRS 17] Which accounting standard would be replaced by IFRS 17?
IFRS 4
IFRS 9
IFRS 15
[Actuarial-Financial] ABC Company is currently having a mismatch portfolio where the duration for its liability is longer than the duration for its fixed income assets. The following is the scenario that will happen if the interest rate increase EXCEPT:
Liability reduce
Fixed income asset market value reduce
Surplus of the company increase
Surplus of the company decrease
[Pricing] How many people are there in the pricing team?
13
14
17
9
[IFRS 17] When is the effective date of IFRS 17?
1 January 2020
1 January 2021
1 January 2022
[Property] How many properties GELM has?
12
21
27
32
[Finance] What is the tax rate imposed on taxable income generated by Malaysian Life Fund?
8%
24%
6%
[BIA] Below which are NOT business intelligence tools?
Qlikview
Tableau
Teradata
[Strat. Plan] How many agents GELM have as at end of 2018?
19,921
19,683
19,222
19,111
[Reinsurance] Why should insurers purchase reinsurance?
to stabilize underwriting result
to protect against catastrophic losses
to expand underwriting capacity
all of the above
[Pricing] How many sub-teams are there in the pricing team?
2
3
4
5
[Finance] Who is responsible for reviewing every material RPT and recommending to Board for approval?
Chief Internal Auditor
Board Risk Management Committee
Head of Department
[Actuarial-Financial] The following items are part of Total Capital Required (TCR) under the RBC Framework EXCEPT:
Market Risk Capital Charge
Credit Risk Capital Charge
Liability Risk Capital Charge
Product Risk Capital Charge
[Reinsurance] Which of the following meet GELM’s reinsurer selection criteria?
i. Reinsurer H is rated BBB+ by Standard & Poor’s
ii. Reinsurer A is rated A3 by Moody’s
iii. Reinsurer L is rated A- by Standard & Poor’s
iv. Reinsurer O is rated BBB+ by Fitch
I & III only
I & IV only
II & III only
III only
[Finance] The following are subject to Income Tax under Section 60 of Income Tax Act EXCEPT:
Investment Income
Actuarial surplus transferred from Life Fund to Shareholders Fund
Premium collected from policyholder
[Pricing] For any product that we have in GELM, we are required to hold some capital commensurate with the risk that we are taking. In product pricing, what is the capital requirement ratio that we use in our profit projection?
5.25%
160%
200%
130%
[Reinsurance] Reinsurance is best described as
A transfer of claim-payment responsibilities from a primary insurer to a reinsurer
An agreement between a primary insurer and a ceding company
An agreement by a reinsurer to indemnify a primary insurer for losses
A transfer of a primary insurer’s retention to a reinsurer
[Property] What is name of the latest building that we have taken-over?
Equatorial Plaza
Menara Jcorp
Capital Tower
[BIA] Which of the following are NOT source systems of GELM
FPMS
DCMS
G400
E-connect
[BIA] This is the practice of dividing a customer base into groups of individuals that are similar in specific ways relevant to marketing, such as age, gender, interests, spending habits, and so on.
Customer service chart
Customer life cycle
Customer segmentation
[Reinsurance] Which of the following statements about reinsurance is TRUE?
A reinsurer may not purchase reinsurance.
The reinsurer is responsible for providing claims services to the insured after a loss occurs
The amount of insurance transferred to a reinsurer is called the net retention.
The insurer transferring business to a reinsurer is called the ceding company.
[Strat. Plan] What is the biggest agency contest?
Watch Me Win
Master Summit
Great Supreme Producer
Supremacy Summit
[Property] Was our Penang branch developed by ourselves or bought completed from a developer?
Self-developed
Bought completed
[IFRS 17] How IFRS 17 affects the operations of an insurance company?
No impact since not relevant to insurance company
Affects the underwriting of insurance products
Affects the financial reporting of insurance products
Affects the valuation of assets held by insurance companies
[Finance] Transactions or contracts are considered as Material Related Party Transactions if the amount is the lower of ___ or 1% of insurance fund surplus determined at the end of preceding financial year.
RM 25,000
RM 250,000
RM 2,500,000
[BIA] Which of the following are LEAST likely to be practical use cases of predictive modelling?
Fraud detection
Cross-selling or upselling campaigns
Bank account reconciliation
[Strat. Plan] What is the top selling banca product in 2018?
Cash Plus
MaxEmpower
MaxYield
MaxMultiplier
[Actuarial-Financial] The following items are components of the Non-Participating fund Operating Profit After Tax (OPAT) EXCEPT:
Interest Income from Bond
Dividend from Equity
Realised Gain/Loss from Bond
Unrealised Gain/Loss from Bond
