What is the main reason the German government is backing commercial credit insurers?
Allianz CEO Says Virus Hit Insurers Like a ‘Meteorite’

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Business, Social Studies
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University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To increase their profits
To prevent a domino effect of insolvencies
To reduce insurance premiums
To promote international trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does Allianz not require government support to absorb losses?
They are extremely stable and can manage risks
They have diversified their investments
They have reduced their workforce
They have increased their premiums
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the CEO's view on the need for a European-level solution?
It is essential to address systemic risks across Europe
It would be too costly to implement
It is unnecessary as each country can handle it individually
It would only benefit large insurers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the CEO compare the pandemic's impact to other events?
Similar to a minor economic downturn
Comparable to a systemic event like terrorism
Like a regular market fluctuation
Similar to a seasonal change
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is diversification important for the insurance industry?
It simplifies the underwriting process
It helps in reducing operational costs
It increases the number of clients
It ensures that not all risks occur simultaneously
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the CEO's prediction for the insurance industry's earnings in 2020?
Earnings will slightly increase
There will be significant losses
Earnings will remain stable
It will be a record earnings year
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key challenge for the insurance industry during systemic events like pandemics?
High competition
Lack of diversification
Regulatory changes
Technological advancements
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