Question

Which region attracts reinsurers due to its high growth potential and government initiatives to promote the insurance sector?

a.

Middle East and North Africa (MENA)

b.

Southeast Asia

c.

South America

d.

North America

Answer: (a).Middle East and North Africa (MENA) Explanation:Reinsurers continue to focus on the MENA region due to its high growth potential, rising awareness, and government initiatives to promote the insurance sector.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Which region attracts reinsurers due to its high growth potential and government initiatives to promote the insurance sector?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. In which city is there an effort to establish a "Reinsurance Centre/Marketplace" similar to the London Underwriting Centre?

Q. Who among the following are generally referred to as 'bankers to the insurance industry'?

Q. Which organization supervises Lloyd's Syndicates?

Q. What is the unique characteristic of Lloyd's Syndicates compared to insurance and reinsurance companies?

Q. Where is the Underwriting Room at Lloyd's located?

Q. What percentage of reinsurance business written in the United Kingdom is placed in Lloyd's?

Q. Which industry was Lloyd's founded on?

Q. What percentage of worldwide marine insurance business is placed at Lloyd's?

Q. What type of risks do Lloyd's underwriters insure in the aviation industry?

Q. Approximately what percentage of the world's aviation business is placed with Lloyd's underwriters?

Q. What type of vehicles do Lloyd's motor underwriters primarily insure?

Q. What proportion of cars in the UK are insured at Lloyd's?What is the vital link between brokers, underwriters, investors, and clients in the Lloyd's market?

Q. What proportion of cars in the UK are insured at Lloyd's?

Q. How do Lloyd's underwriters write business?

Q. What requirements must Lloyd's underwriters and brokers comply with?

Q. How has technology impacted business transactions at Lloyd's?

Q. What is required for brokers to transact with Lloyd's on a real-time basis?

Q. What is the emphasis placed on regarding claims payment at Lloyd's?

Q. How is the claims settlement process at Lloyd's automated?

Q. Who is responsible for setting the policy terms and conditions for claims at Lloyd's?

Recommended Subjects

Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!