Question

Which of the following is an example of a ‘high risk’ area due to frequent occurrence of bush fires?

a.

The USA

b.

Europe

c.

Japan

d.

Australia

Answer: (d).Australia Explanation:A 'high risk' area due to the frequent occurrence of bush fires is Australia. This means that Australia is more prone to bush fires compared to the other options. While bush fires can occur in other regions as well, Australia is particularly known for its susceptibility to such fires.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Which of the following is an example of a ‘high risk’ area due to frequent occurrence of bush fires?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. The magnitude of an earthquake is measured on the ______________.

Q. While preparing summary sheet in the case of reciprocal exchange, which of the following information is not included?

Q. The basic statistics relating to a treaty are collated from _____________ as sent and received.

Q. ABC ltd provides database access to their customers as an extension of the intranet to download and use certificates of insurance or to ascertain their own account balance status, etc. This access is known as ____________

Q. What do ceding insurers and reinsurers need periodical statistics for?

Q. Why is careful control required for accumulation hazards in reinsurance business?

Q. What information is summarized in a reciprocal exchange in reinsurance?

Q. What is the purpose of reviewing acceptances in reinsurance business?

Q. What is the importance of maintaining accurate statistics in reinsurance business?

Q. Which factor contributes to increasing the credibility of the primary insurer and aids in the renewal of treaties?

Q. In a reinsurance company, who is responsible for the acceptance of business and the profits made?

Q. Why is delegation of authority important in an organization?

Q. What is the potential impact of a decentralized approach to underwriting in an insurer with multiple locations?What information do regulators and investors typically seek when assessing an insurer's organization?

Q. What is the potential impact of a decentralized approach to underwriting in an insurer with multiple locations?

Q. What is the purpose of providing a current organizational chart with a brief description of members in an insurer's system?

Q. Which of the following is NOT a component of the organization of a reinsurance department?

Q. An organization can internally connect all its executives and offices through a private internet arrangement. What term is used for such arrangement?

Q. How does the availability of real-time data impact performance and growth?

Q. According to Bill Gates, what term is used to describe a system where everyone has access to data that enriches their job and performance?

Q. What is the term used to describe the process of electronically settling statements and making online payments?

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!