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.