Reinsurance Markets MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Reinsurance Markets, a fundamental topic in the field of IC85 Reinsurance Management. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Reinsurance Markets MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Reinsurance Markets mcq questions that explore various aspects of Reinsurance Markets problems. Each MCQ is crafted to challenge your understanding of Reinsurance Markets principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC85 Reinsurance Management tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Reinsurance Markets MCQs are your pathway to success in mastering this essential IC85 Reinsurance Management topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Reinsurance Markets. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Reinsurance Markets knowledge to the test? Let's get started with our carefully curated MCQs!

Reinsurance Markets MCQs | Page 10 of 10

Discover more Topics under IC85 Reinsurance Management

Q91.
Which of the following bodies promotes foreign direct investment (FDI) to developing countries to help support economic growth, reduce poverty and improve people's lives by providing political risk insurance (guarantees) to the private sector?

a.

WTO

b.

World bank

c.

MIGA

d.

UNCTAD

Discuss
Answer: (c).MIGA Explanation:The Multilateral Investment Guarantee Agency (MIGA), which is a member of the World Bank Group, promotes foreign direct investment (FDI) into developing countries. MIGA provides political risk insurance (guarantees) to the private sector to address concerns about investment environments and perceptions of political risk. The objective of MIGA is to support economic growth, reduce poverty, and improve people's lives by facilitating foreign direct investment in developing countries.
Q92.
Who is entrusted with the management of the F.A.I.R pool?

a.

Hannover Re ,UK

b.

SCOR Global life, Ireland

c.

ACE tempest Re international, Zurich

d.

Millî Reasürans T.A.Åž., Istanbul

Discuss
Answer: (d).Millî Reasürans T.A.Åž., Istanbul Explanation:Millî Reasürans T.A.Åž., based in Istanbul, is entrusted with the management of the F.A.I.R Reinsurance Pool since its establishment. The F.A.I.R Pool, which was set up by the Federation of Afro-Asian Insurers & Reinsurers (F.A.I.R), accepts reinsurance and retrocession business from the African and Asian markets. Therefore, Millî Reasürans T.A.Åž. is responsible for managing the operations of the pool.
Q93.
When was Lloyd`s China established?

a.

2001

b.

2004

c.

2007

d.

2010

Discuss
Answer: (c).2007 Explanation:Lloyd's China was established in 2007. It was established through an insurer called Lloyd's Reinsurance Insurer (China) Limited (Lloyd's China) to provide reinsurance capacity for the fast-growing Chinese insurance market.
Q94.
Which of the following is incorrect with respect to Lloyd’s Syndicate?

a.

Each member of Lloyd’s Syndicate has unlimited liability.

b.

Syndicates are supervised principally by the Committee of Lloyd’s

c.

Syndicates are supervised principally by the Department of Trade.

d.

Lloyd’s is a market and not an insurer

Discuss
Answer: (c).Syndicates are supervised principally by the Department of Trade. Explanation:Each member of Lloyd's Syndicate has unlimited liability, and the Syndicates are supervised principally by the Committee of Lloyd's.
Page 10 of 10