Lloyd's of London CEO Has Two Brexit Contingency Plans
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Business, Social Studies
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of the main reasons for the increase in Lloyds' profits?
A rise in domestic insurance demand
Favorable foreign exchange rates
Reduction in administrative costs
Expansion into new markets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the contingency plans mentioned for maintaining access to the EU market?
Establishing a subsidiary in an EU country
Increasing domestic market share
Reducing operational costs
Merging with another insurance company
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor significantly impacted the Lloyds market due to large claims?
Hurricane Katrina
European floods
Alberta wildfires
California earthquakes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did the Bank of England advise against in the Lloyds insurance market?
Expanding into Asian markets
Cutting rates to secure business
Increasing investment in technology
Hiring more staff
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What trend has been observed in broker fees over the last five years?
A steady decline
Fluctuating rates
No significant change
A steady rise
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