POST TEST ASEAN REINSURANCE PROGRAMME 2023

What is life reinsurance?

• Insurance for daily life
• Insurance for protection health
• Insurance that protects soul somebody
• Insurance purchased by the company insurance for transfer risk to company reinsurance
• Pluto

What is the main role of a reinsurance company in the life insurance industry?

• Provide insurance to individuals
• Managing insurance claims
• Bear some of the risk of the insurance company
• Provide financial consultation to customers

How do reinsurance companies generate income?

• by providing loans to customers
• by manage investment from customers
• by selling insurance product directly to individuals
• by charging premiums to insurance companies

What is a reinsurance treaty?

• Reinsurance is where each contract is submitted separately and can accepted or rejected by the reinsurance company.
• Reinsurance where all contracts are automatically accepted by the company reinsurance
• Reinsurance where reinsurance companies can't accept risk from insurance companies.
• Reinsurance where reinsurance companies provide the best deals best to another reinsurance companies.

What are the main benefit of reinsurance for life insurance companies?

• Reduced profit
• Increase risk
• Reduce exposure to large losses
• Increase insurance premiums

What is a highly-rated reinsurance company?

• A reinsurance company that has never issued a claim
• Reinsurance companies that are considered to have high financial stability and the ability to pay claims well.
• Reinsurance companies that only accept risk from large insurance companies.
• Reinsurance companies that offer low premiums to insurance companies.

What does "retention" measure in life reinsurance?

• The amount of premium to be paid by the customer
• The number of claims that must be submitted by the customer
• The amount of risk that remains with the insurer after reinsurance
• The amount of profit generated by the reinsurance company.

What is the difference between proportional reinsurance and non-proportional reinsurance?

• Proportional reinsurance involves small insurance companies, while non-proportional reinsurance involves large insurance companies.
• Proportional reinsurance does not require premium payments, while non-proportional reinsurance requires premium payments.
• Proportional reinsurance share the risk and premium with the reinsurer , while non-proportional reinsurance only applies when loss exceed a certain threshold.
• Proportional reinsurance involves only reinsurance companies, while non-proportional reinsurance involves both insurance companies and reinsurance companies.

What is purpose of life reinsurance?

• Bigger capacity of insurance
• Pay all of the insurance claims
• Pay all refund premium to customer
• Avoid fraud that occurred in hospital

What should a life insurance company consider when selecting a reinsurance company?

• Number of claims that have been submitted by the reinsurance company
• Financial stability of the reinsurance company and its ability to pay claims
• The lowest premium rate offered by the reinsurance company
• Reputation of the reinsurance company in the life insurance industry.