Leslie's Business and Insurance Quiz

For how many years has Leslie run his own business as a builder?

• 15 years

• 20 years

• 25 years

• 10 years

What type of improvements has Leslie made to his house to generate electricity?

• Installed a geothermal heating system

• Added solar panels and wind turbines

• Set up a hydroelectric generator

• Built a nuclear reactor

Why does Leslie understand the rise in his home insurance cost?

• Due to a recent car accident he had

• Because of the high crime rate in his area

• Owing to the risk of house damage from surrounding trees and flooding

• Because of the increase in general living costs

What is the percentage increase in Leslie's car insurance premium according to the recent renewal quote?

• 10%

• 20%

• 30%

• 40%

What is Leslie looking for in an insurer for his home and car insurance renewals?

• The cheapest available options

• An insurer that also takes positive steps towards environmental change

• An insurer that covers international incidents

• An insurer that offers lifetime coverage

What is one of the reasons for the increase in car insurance premiums according to the Association of British Insurers?

• Decrease in the number of accidents

• Reduction in energy bills

• Increase in repair costs due to rising energy bills and higher cost of materials

• Improved transparency in insurers' risk models

What has Catherine Carey, head of marketing at Consumer Intelligence, attributed the adjustment of insurance prices to?

• Decrease in the number of insurance claims

• The ongoing impact of inflation

• The reduction of courtesy car costs

• The decrease in personal injury claims

What was the most common type of opportunistic fraud referred to the City of London Police’s Insurance Fraud Enforcement Department between March 2022 and April 2023?

• Life insurance fraud

• Health insurance fraud

• Motor insurance fraud

• Property insurance fraud

What regulatory change occurred at the start of 2022 affecting insurance premiums?

• Introduction of the loyalty penalty

• Ban on the loyalty penalty

• Increase in the loyalty penalty

• No changes to regulation

According to James Daley, who is likely to be affected by increased insurance prices due to the ban on the loyalty penalty?

• Customers who never change their insurance provider

• Customers who frequently change their insurance provider

• Customers who have filed multiple claims

• Customers who have never filed a claim