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Skill Front Certified Insurance Industry Fundamentals Practice Test
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Skill Front Certified Insurance Industry Fundamentals Practice Test
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25 Questions

1. What are the types of life insurance products?
2. What is the limit of liability for an insurer?
3. What are the pay-out schemes for life insurance?
4. Why did Romans develop Financing facilities and guarantee the payment of the bills in case of an accident at sea for the cargoes?
5. What is the main rule for insurance?
6. What were the Dutch people afraid of with the payment of annuities?
7. What is a deductible in an insurance policy?
8. What are the types of firms offering insurance contracts?
9. Why would we see these results for 2018 as being solid?
10. What are the main advantages of savings products offered by insurers to those offered by the banks?
11. What are the main problems with unit-linked insurance plan?
12. What did the regulators impose to insurers in order to withstand significant losses and unknowns?
13. What do insurers have to set-up nowadays in order to fulfil their promises to their customers?
14. Which statements are correct when talking about insurance?
15. Why could we compare insurers to squirrels?
16. Which statements correctly capture why the use of the law of large numbers is important for insurers?
17. What is the largest market and profit contributor for non-life insurers?
18. Why are we calling general insurance contracts: 'indemnity contracts'?
19. What are the main cash inflows for an insurer?
20. When does an insurance cover start?
21. What did the Flemish people put in place, back in the 13th century, to their annuity contracts to consider the potential changes to the future costs of life?
22. What did the Geneose put in place for the first time to cover a risk?
23. What did the Romans discover with regards to the risk of death?
24. What is an annuity insurance product?
25. What did the Babylonian understand almost 2000 years before Jesus Christ?

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