0. ACTUARIAL PROJECTS COMPETITION
LIFECO CASE - TEMPLATES

1. LifeCo Case Study Problem definition worksheet
Template
LifeCo Case Study Problem definition worksheet
Situation (Key facts)
Complication (Call to change)
Key question
Client’s criteria for success
Key sponsors
Key decision makers
Solution Space (In Scope)
Other possible solutions (Out of Scope)
Barriers to impact? 1

2. LifeCo Case Study Issue analysis worksheet
Template
LifeCo Case Study Issue analysis worksheet
Issues
Sub-issues
Hypothesis
(to prove, disprove)
Data required
Assumptions made

3. LifeCo Case Study Manufacturing options to be defined
Template
LifeCo Case Study Manufacturing options to be defined
Manufacturing options
Description
Product profit potential
Degree of client ownership
New capabilities required
Margin
Volume
Current approach
High
Low
None 1
Current LifeCo annuity 2
LifeCo annuity with tactical discounts 3
Broader LifeCo annuity product range 4
Provide 3rd party product

4. LifeCo Case Study Advice / distribution models to be defined
Template
LifeCo Case Study Advice / distribution models to be defined
Intensity of advice - +
Improved vesting process A
Guided retirement by LifeCo B
Full Advice by LifeCo C
IFA distribution (OMO) C
Internal vesting (no advice)
Website + streamlined advice over the phone
Website + Advice over the phone
Third party distribution
Proposition
Provide clients with a rate on LifeCo conventional annuities
Follow regulatory retirement process for client information
Revenue model
Existing
Relative costs

5. Template
LifeCo Case Study Final recommendation may include several combinations of advice and manufacturing options
Advice options
Improved vesting process (no advice)
Guided retirement process by LifeCo
Full advice by LifeCo
IFA distribution (OMO)
Current LifeCo annuity 1 2 3 4
LifeCo annuity with tactical discounts 5 6 7 8
Manufacturing options
Broader LifeCo annuity product range 9 10 11 12
Provide 3rd party product 13 14 15 16    
= Viable option
= Viable to supplement another option
= Not viable