What is the primary function of an insurance ecosystem?

Insurance Ecosystem Quiz

Quiz
•
Other
•
Professional Development
•
Hard
PAAN Nigeria
Used 1+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risk elimination
Risk transfer
Profit generation
Wealth creation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are the main stakeholders in the insurance ecosystem?
Insurers, reinsurers, brokers, policyholders, regulators
Doctors, teachers, engineers, policyholders
Policyholders only
Investors and stockholders only
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of insurance contract?
Property
Liability
Reinsurance
Subscription
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do actuaries play in the insurance ecosystem?
Marketing policies
Selling policies
Assessing and managing risk
Handling complaints
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit of risk management?
Increased tax rates
Reduced innovation
Enhanced financial stability
Fewer insurance stakeholders
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of reinsurance?
To sell more insurance
To eliminate underwriting
To share risk with another insurer
To increase premiums
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of a regulatory requirement?
Ad designing
Solvency and capital adequacy
Premium collection
Claims settlement
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
Nilo

Quiz
•
Professional Development
15 questions
Encompass 101

Quiz
•
Professional Development
20 questions
Mutual Funds Advanced by Rahul

Quiz
•
Professional Development
25 questions
The Financial Free Zone Law

Quiz
•
KG - Professional Dev...
15 questions
ESG - Let's Go!

Quiz
•
Professional Development
20 questions
Mock CBT 01 OHS 601 (Diploma)

Quiz
•
University - Professi...
16 questions
Game na Game Na!!!!!!!

Quiz
•
Professional Development
20 questions
AC Meeting

Quiz
•
Professional Development
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade