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Wrap Up Fun

Total questions: 43

Worksheet time: 22mins

Name
Class
Date
1.

How many children does Dawn have?

a)

0

b)

2

c)

1

d)

3

2.

Which country does Aspen NOT have an office in?

a)

USA

b)

Italy

c)

Singapore

d)

England

3.

What is a top deliverable for Genpact from Aspen's perspective?

a)

Always smile and be nice

b)

efficiency

c)

Brush your hair on camera

d)

accuracy

4.

Roughly how many Genpact employees are on the Genpact Account?

a)

20-30

b)

30-40

c)

40-50

d)

50-60

5.

What State does Jamie, Shermi, Carlos, and Susan live in?

a)

New York

b)

Rhode Island

c)

Washington

d)

Connecticut

6.

How many dogs does Dawn have?

a)

2

b)

3

c)

1

d)

0

7.

Which is not on Connie's list of hobbies?

a)

baking

b)

scuba diving

c)

gardening

d)

reading

8.

What item is on Aspen's logo?

a)

tiger

b)

elephant

c)

tree

d)

leaf

9.

What 2 colors are used on Aspen's logo?

a)

purple and yellow

b)

blue and white

c)

green and orange

d)

green and white

10.

What is Reinsurance?

a)

a form of insurance for reinsurers and serves to spread risks more widely

b)

Direct insurance

c)

a form of insurance for primary insurers and serves to spread risks more widely

d)

Flood Insurance

11.

What are the 2 types of Reinsurance we are mostly involved with in Aspen?

a)

Car insurance

b)

Home owners

c)

Treaty and Facultative

d)

Direct and Indirect

12.

What is true about Treaty Reinsurance?

a)

Agreed Insurance portfolio-The ceding company is obliged to cede all business defined in the treaty and the Reinsurer is required to extend reinsurance on these risks

b)

Portfolio that the Artists use to sell their artwork

c)

Portfolios added without any agreement

13.

Who is Dawn's Manager?

a)

Deirdre

b)

Susan

c)

Shermi

d)

Herself

e)

Jamie

14.

With Facultative Reinsurance, individual risks are covered by separate contracts

a)

False

b)

True

15.

What state does Dawn live in?

a)

Florida

b)

Texas

c)

New York

d)

New Jersey

16.
  1. The premium received for a Property Facultative Automatic contract is:

a)

A fixed amount set in the contract and paid by quarterly deposits

b)

Either deposit premium or proportional based on the individual Automatic

c)
  1. A proportional amount of actual booked premium paid quarterly

d)

Is always 5 million

17.
  1. What does the stamp code ‘ARA-AAIC’ mean?

a)

All Right America- Anyone Aware Its a Country

b)
  1. Aspen Reinsurance America – Aspen American Insurance Company

18.
  1. Which of the following describes a ‘Risk Attaching During (RAD)’ basis of cover?

a)
  1. Aspen’s exposure continues past the contract expiry date and follows the expiration date of the ceded policy

b)
  1. Aspen’s exposure to risks ceded to the policy ends at the expiry date set in Subscribe

19.
  1. If a policy in Subscribe has a Canada layer, how must it be set up?

a)
  1. Must have stamp code of ‘ARA-AAIC’ and Domicile of ‘Canada’

b)
  1. Must have currency set to CAD and stamp code of ‘AIUK-ARA-CAN’

c)
  1. Must have stamp code of ‘ARA-AIUK-CAN’ and Domicile set to ‘Canada’

20.
  1. What type of premium would be booked to an Inwards XL?

a)
  1. TSTAT

b)
  1. Flat

21.
  1. For US based policies, what is the correct date format to represent July 1st 2023?

a)
  1. 1/7/2023

b)
  1. 7/1/2023

22.

Approximately how much gross written premium does Aspen Reinsurance write each year?

a)

$1B-$2B

b)

$2B-$3B

c)

$3B-$4B

d)

$4B-$5B

23.
  1. Where should submission and contract documents be saved?

a)
  1. Documentum

b)
  1. CUW

c)
  1. The K drive and Documentum

24.

How many line of business does RH treaty have?

a)

2

b)

1

c)

3

d)

4

25.

What is Shermi's Dog's Name?

a)

Dominic

b)

Johnny

c)

Charlie

d)

Eric

26.

Has Shermi travelled to Genpact office in India before?

a)

Yes

b)

No

27.

How is Excess of Loss treaty accounts usually paid?

a)

Estimate

b)

Deposit premium

c)

However you get it to us

28.

How many Onshore SME's do we have for US/Bermuda?

a)

7

b)

2

c)

5

d)

3

29.

Who is Chuck Connors?

a)

A very handsome fella

b)

The president of Aspen

c)

Regional Underwriter

30.

How many seasons do we have in the US?

a)

1

b)

5

c)

3

d)

4

31.

Who manages the Mortgage business in the Rocky Hill office?

a)

Mickey Mouse

b)

Will Martinelli

c)

Phil Augur

32.

What is GC marketplace?

a)

Online Shopping

b)

Guy Carp Portal

c)

A google search

33.

What sport does Shermi play?

a)

Softball

b)

Pickleball

c)

Basketball

d)

Volleyball

34.

The underwriters in Rock Re write direct fac business

a)

TRUE

b)

FALSE

35.

In ARAPF the Geo Code refers to where the locations covered are located

a)

TRUE

b)

FALSE

36.

How many grandchildren does Susan have?

a)

5

b)

8

c)

2

d)

4

37.

What office is Sabrina Vella linked to? 

a)

New York

b)

Jersey City

c)

San Francisco

d)

Stamford

38.

What line of business does Joe Felix underwrite? 

a)

Cas Fac and Cas Treaty

b)

Rock Re and Prop Fac

c)

Bermuda Treaty

39.

Does Susan have any pets?

a)

yes 2 cats

b)

none

c)

yes a fishtank full of exotic fish

d)

yes 2 dogs

40.

How many underwriters are there in Prop Fac currently? 

a)

5

b)

6

c)

3

d)

9

41.

Where do we capture WNKORL in Subscribe?

a)

claims tab

b)

Structured note tab

c)

commission tab

42.

What is Susan’s favorite hobby?

a)

needlepoint

b)

singing

c)

photography

d)

dancing

43.

A quota share policy has an attachment point

a)

TRUE

b)

FALSE