Chuckrox

Think it'll be Life & Casualty Insurance this year. Gut feeling.

Plus, the Schweser Mock had a big Banks essay... so, if the CFAI did too they probably changed it to spite everyone.

Look at the 2003 exam for an example essay. Remember:

Life insurers:
- risk sources (disintermediation, credit, ALM, etc.)
- return objective (crediting rate, etc.)
- liquidity

Non-life:
- return objectives (competitive pricing, etc.)
- risk sources (underwriting cycle, etc.)
- liquidity requirement (large reserve for claims, etc.)
- time horizon, relative to Life (shorter? I think)