Podcast
Questions and Answers
What is the primary function of the underwriting department in insurance?
What is the primary function of the underwriting department in insurance?
Which type of insurance applications do underwriters assess?
Which type of insurance applications do underwriters assess?
In the insurance application process, who ultimately evaluates the risk presented by the customer?
In the insurance application process, who ultimately evaluates the risk presented by the customer?
What role does an underwriter play in the insurance application process?
What role does an underwriter play in the insurance application process?
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What best describes the input of the underwriting department in the insurance industry?
What best describes the input of the underwriting department in the insurance industry?
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Which of the following companies is NOT a life insurance provider in Malaysia?
Which of the following companies is NOT a life insurance provider in Malaysia?
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Which insurance company listed is part of the global AIA Group?
Which insurance company listed is part of the global AIA Group?
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What is a common service that all the listed companies provide?
What is a common service that all the listed companies provide?
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Which of the following is most likely to be classified as a non-life insurance provider?
Which of the following is most likely to be classified as a non-life insurance provider?
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Which company was added to the list due to its diverse range of insurance products including life and health?
Which company was added to the list due to its diverse range of insurance products including life and health?
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Study Notes
Insurance Underwriting
- Insurance applications are reviewed by the underwriting department to assess risk for both life and general insurance.
Insurance Companies in Malaysia
- Allianz Life Insurance Malaysia Bhd
- AmMetLife Insurance Bhd
- American International Assurance (AIA) Bhd
- Generali Life Insurance Malaysia Berhad
- Etiqa Life Insurance Bhd
Outsourcing Risks
- Outsourcing services outside of Malaysia presents additional risks, such as country risk.
The London Market
- The London Market is one of the oldest insurance markets globally.
- The London Market is located in the financial district of London, United Kingdom.
- The London Market consists of insurers, reinsurers, brokers, and Lloyd’s of London.
Insurance Sales Growth
- Insurance sales increased in the second half of 2020.
- The increase in sales was attributed to the easing of movement restrictions and increased public awareness of insurance and takaful protection.
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Description
This quiz covers key concepts related to insurance underwriting, popular insurance companies in Malaysia, outsourcing risks, the historic London Market, and trends in insurance sales. Test your knowledge on how these elements shape the global and Malaysian insurance landscapes.
