WorksheetsSellers and Distribution and Sales Channel
Total questions: 8
Worksheet time: 3mins
Insurance companies that sell both general and life insurance products are known as
Combined insurers
Commercial Insurers
Composite Insurers
Collaborate Insurers
Captive insurers are normally subsidiaries of
SME
Non-profit organisation
Large multinational corporations
Government entities
Lloyd's of London is NOT a insurance company
True
False
Reinsurers deal directly with
General public
Direct insurers
Trade associations
Life insurance brokers
For Co-operatives, maximising profits for shareholders is more important than the interests of policyholders
True
False
When insurance company uses the bank sales channel to sell its products, it is known as
Bank insurance
Bancassurance
Direct inurance
What is an advantage of Direct Purchase Insurance (DPI)?
Premiums are lower
Involvement of broker/agents
Higher distribution cost
Bank staff are NOT required to pass relevant insurance licensing examinations to provide insurance-related exams,
True
False
