IFoA SP8 Practice Questions - IFoA SP8 General Insurance Pricing Specialist Principles Exam

Which statement best describes the primary aim of the IFoA Subject SP8, General Insurance Pricing?

To apply mathematical and economic techniques and actuarial principles to price general insurance products in simple pricing situations To set statutory reserves and capital requirements for life insurers To audit the financial statements of general insurance companies under IFRS 17 To design investment strategies for pension scheme assets

Correct Answer:

To apply mathematical and economic techniques and actuarial principles to price general insurance products in simple pricing situations

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