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Insurance: Quiz

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Question 1: Insurance as we know it today can be traced to the ________, which in 1666 devoured more than 13,000 houses.
Great Fire of LondonCity of LondonHistory of LondonTower of London

Question 2: The Association of British Insurers (gathering 400 insurance companies and 94% of UK insurance services) has almost 20% of the investments in the ________.
Pound sterlingEnglandLondon Stock ExchangeUnited Kingdom

Question 3: ________ monarchs of Ancient Persia were the first to insure their people and made it official by registering the insuring process in governmental notary offices.
MedesAchaemenid EmpireAlexander the GreatSassanid Empire

Question 4: Additionally, property losses in the ________, due to unpredictable natural catastrophes, have exacerbated this trend.
AlaskaPhilippinesUnited StatesCanada

Question 5: For example, a company can obtain crime insurance to cover losses arising from theft or ________.
EmbezzlementMurderArsonFraud

Question 6: Some policies, such as annuities and endowment policies, are financial instruments to accumulate or ________ wealth when it is needed.
LiquidationFloating chargeLiquidator (law)Unfair preference

Question 7: Jahez, a historian and writer, writes in one of his books on ________: "[W]henever the owner of the present is in trouble or wants to construct a building, set up a feast, have his children married, etc.
History of IranHistory of AzerbaijanHistory of AfghanistanHistory of Pakistan

Question 8: 600 AD when they organized guilds called "benevolent societies" which cared for the families and paid funeral expenses of members upon ________.
DeathBurialDeath and cultureImmortality

Question 9: To this end, insurers use ________ to quantify the risks they are willing to assume and the premium they will charge to assume them.
InsuranceActuaryCasualty Actuarial SocietyActuarial science

Question 10: Automobile insurance, known in the UK as motor insurance, is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the insured's ________ itself.
BicycleCycle rickshawHuman-powered transportVehicle







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