Guokao NFRA Banking & Insurance cheat sheet
Guokao NFRA Banking & Insurance · Keep the key ideas within reach.
Role knowledge and relevant Chinese foundations
Separate credit risk, liquidity, capital and provisions.
Premium, reserve and profit are different quantities.
A policy document does not prove a control operates.
Match the institution and specialist track to the actual question.
Separate capital, liquidity, profitability and credit quality.
Assess repayment cash flows and downside exposure, not collateral alone.
State interest and coverage-ratio conventions explicitly.
An anomaly is a lead for review rather than proof of wrongdoing.
Expected loss is an average under a stated model, not a maximum.
VaR does not bound losses or fully describe the tail.
Funding and market liquidity can deteriorate together.
Validate models and monitor assumptions, data and intended use.
Read the actual coverage, limits, exclusions and duties.
Insurance transfers specified financial consequences, not the physical hazard itself.
Claims calculations require an explicit deductible and limit convention.
Reinsurance does not automatically release the original insurer from its policyholder obligation.