Over the last 30 years, life insurance products and the management of the associated risks have radically changed and become more complex.

Determine which of the following is NOT a reason for this change.

• More sophisticated policyholders.
• More competition among life insurance companies.
• More computational power.
• More complex risk management techniques.
• Separation of the savings elements and the protection elements of life insurance products.

Copyright 2024 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

Answer: E

Insurers have an increased interest in combining savings and insurance products so Item [math]\mathrm{E}[/math] is false.

The other items are all true.

Copyright 2024 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.