Insurance Market And Operators
Muhtasari
Buying insurance can feel like dealing with one faceless company, but behind every motor cover note or fire policy stands a whole marketplace of specialists. Some sell risk, some carry it, some carry the carriers, and a quiet crowd of experts prices, inspects and settles it. Knowing who is who is the difference between a candidate who guesses and one who understands how a Nigerian risk actually gets placed.
In this lesson you will map the insurance market from the buyer at the bottom to the reinsurer at the top, learn the roles of insurers, reinsurers, brokers and agents, and meet the supporting operators such as loss adjusters, actuaries and surveyors. Above all you will settle the one distinction examiners test almost every year: a broker acts for the insured, while an agent acts for the insurer.
Malengo
- Describe the structure of the insurance market and identify its operators
- Distinguish the sellers of insurance from the buyers
- Explain the roles of insurers, re-insurers, brokers and agents
- Describe the supporting services in the market, including loss adjusters, actuaries and surveyors
- Explain how the parts of the market work together to place a risk
Maelezo ya Somo
Jisajili ili Uendelee
Tengeneza akaunti ya bure ili kupata rasilimali zote za kujifunza, maswali ya mazoezi, na kufuatilia maendeleo yako.
Tathmini ya Somo
Hongera kwa kukamilisha somo la Insurance Market And Operators. Sasa kwa kuwa umechunguza dhana na mawazo muhimu, ni wakati wa kuweka ujuzi wako kwa mtihani. Sehemu hii inatoa mazoezi mbalimbali maswali yaliyoundwa ili kuimarisha uelewaji wako na kukusaidia kupima ufahamu wako wa nyenzo.
Utakutana na mchanganyiko wa aina mbalimbali za maswali, ikiwemo maswali ya kuchagua jibu sahihi, maswali ya majibu mafupi, na maswali ya insha. Kila swali limebuniwa kwa umakini ili kupima vipengele tofauti vya maarifa yako na ujuzi wa kufikiri kwa makini.
Tumia sehemu hii ya tathmini kama fursa ya kuimarisha uelewa wako wa mada na kubaini maeneo yoyote ambapo unaweza kuhitaji kusoma zaidi. Usikatishwe tamaa na changamoto zozote utakazokutana nazo; badala yake, zitazame kama fursa za kukua na kuboresha.
- In the insurance market, an insurance broker acts as the agent of the: A. Insurer B. Insured C. Reinsurer D. Regulator Answer: B
- Which of the following best describes a reinsurer? A. A broker who deals only in large risks B. A company that insures members of the public directly C. A company that accepts risk ceded to it by an insurer D. A government body that regulates insurers Answer: C
- A large factory fire claim is to be investigated on behalf of the insurance company. The operator appointed is a: A. Loss assessor B. Loss adjuster C. Surveyor D. Actuary Answer: B
- An insurer can retain 40,000,000 naira on a risk and reinsures the balance of a 100,000,000 naira cover. If the reinsurer bears the same proportion of any loss as of the risk, its share of a 50,000,000 naira loss is: A. 20,000,000 naira B. 30,000,000 naira C. 40,000,000 naira D. 50,000,000 naira Answer: B
- Which supporting operator uses statistics and probability to calculate premiums and reserves? A. Surveyor B. Loss adjuster C. Actuary D. Broker Answer: C
Jisajili ili Uendelee
Tengeneza akaunti ya bure ili kupata rasilimali zote za kujifunza, maswali ya mazoezi, na kufuatilia maendeleo yako.
Jisajili ili Uendelee
Tengeneza akaunti ya bure ili kupata rasilimali zote za kujifunza, maswali ya mazoezi, na kufuatilia maendeleo yako.
Vitabu Vinavyopendekezwa
Maswali ya Zamani
Unajiuliza maswali ya zamani kuhusu mada hii yanaonekanaje? Hapa kuna idadi ya maswali kuhusu Insurance Market And Operators kutoka miaka iliyopita.
Swali 1 Ripoti
Explain the following terms as used in insurance.
(a) re-insurance
(b) Loss adjusters
(c) underwriters
(d) brokers
(e) assessor
Jisajili ili Uendelee
Tengeneza akaunti ya bure ili kupata rasilimali zote za kujifunza, maswali ya mazoezi, na kufuatilia maendeleo yako.