Insurance Ecosystem Quiz

Insurance Ecosystem Quiz

Professional Development

20 Qs

quiz-placeholder

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Insurance Ecosystem Quiz

Insurance Ecosystem Quiz

Assessment

Quiz

Other

Professional Development

Hard

Created by

PAAN Nigeria

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of an insurance ecosystem?

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

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