IAA Risk Book: Distribution Risks
By Sam Gutterman · International Actuarial Association · 2025
Study guide: Exam 6I
A chapter of the IAA Risk Book on distribution risks, approved by the IAA's Insurance Regulation Committee (version 2.0, March 2025). It explains what distribution risks are and how they can impact the business of insurance: risks to a distribution channel, to the performance of the insurer's business, to the insurer from the actions of a channel or the distribution process, and consumer protection and market conduct risks, with an appendix on types of distribution channels.
On the syllabus
- Exam 6I — objectives B3, E1, E4; the chapter (March 2025).
Introducing the IAA Risk Book
1 Overview
- 1.1 Introduction
- 1.2 Aim of This Chapter
- 1.3 Relevance to Actuaries
- 1.4 Executive Summary
2 Risks to a Distribution Channel
3 Risks to the Performance of the Insurer's Insurance Business
4 Risks to the Insurer Caused by Actions of a Distribution Channel or the Distribution Process
5 Consumer Protection/Market Conduct Risks
- 5.1 Role of the Supervisor
- 5.2 Risks to the Insurer
6 Conclusion
Appendix: Types of Distribution Channels
Related readings
- IAA Risk Book - Professional Standards (Insurance Regulation Committee - 2023) — another chapter of the IAA Risk Book, assigned with this one for the same objectives
- IAA Risk Book - Actuarial Function (IAA - 2023) — another chapter of the IAA Risk Book, assigned with this one for the same objectives
Sources
- IAA Risk Book: Distribution Risks (International Actuarial Association, March 2025) — the document: title page, version table (version 2.0, March 2025, author), table of contents (whose titles are used where the bookmarks misnumber 5.2 and shorten section 4), and section 1.2 for the lead (sha256 29dcddd759cf5e60…)
- CAS Exam 6I Content Outline, Fall 2026 — the citation ("IAA Risk Book", Distribution Risks, March 2025) and the assignment (objectives B3, E1, E4)