Insurance

Test Your Insurance Knowledge!

Are you ready to challenge your understanding of the insurance world? This quiz will assess your knowledge on various aspects of insurance, including history, key terms, and specific roles in the industry.

9 engaging multiple-choice questions
Learn while you play
Perfect for beginners and experts alike

9 Questions2 MinutesCreated by InsuringKnowledge202

What is 'insurance'?

An arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

A group of opponents, especially in sport, business, or politics.

Any source of potential damage, harm or adverse health effects on something or someone.

What is Lloyds ?

Lloyd’s is the world’s leading insurance and reinsurance marketplace.

Lloyd's is a British retail and commercial bank with banks stationed over England and Wales.

Where did the idea of modern day insurance rise from?

Warehouse.

Coffee shop.

Shipyard.

Church.

Which reasons would someone go to Lloyd's?

To protect themselves against different risks.

For financial security.

To fight for a court case.

All of the above.

What is the role of an insurance broker?

Responsible for issuing policies and deciding on which policies an insurance company should offer potential clients.

Carry out surveys of items that need to be insured to help assess potential risks.

Arranges deals between clients and insurers.

Which is NOT a job in the insurance industry?

Client.

Marketing.

Risk Manager.

Underwriter.

What skills are needed to become a sales person in the insurance industry?

Problem solving.

Analytical skills.

Prioritising tasks.

Communication skills.

Insurance

Test Your Insurance Knowledge!

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