Product Design and Pricing Strategy

Identify the key factors influencing contract design (customer needs, risk appetite, regulation, competition).

Describe the main contract design tools used to manage risk (e.g., terms, conditions, options, guarantees, charges).

Explain how contract design features can create or mitigate risk for the provider and policyholder.

Describe the objectives of pricing (e.g., profitability, competitiveness, fairness to customers).

Explain the key components of a pricing basis and their relationship to reserving assumptions.

Describe the main pricing methodologies, including formula-based and cashflow modeling approaches.

Explain the interaction between pricing, reserving, and capital requirements.

Describe the main financing strategies for new business (e.g., internal financing, reinsurance).