EXCELCENTRE LEARNING INSTITUTE 061 043 9805
PU E
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,EXCELCENTRE LEARNING INSTITUTE 061 043 9805
WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
penalized. If this document is plagiarized by the users and fails, EXCELCENTRE
should not be rendered accountable since the contents in this document only give
learners a kick-start on what is expected of them from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENT
Education is the most powerful weapon which you can use to change the world
,EXCELCENTRE
7/11/26, 1:18 PM
LEARNING INSTITUTE Assessment 2 (page 1 of 25)
RSK4803-26-Y Welcome Message Assessment 2
QUIZ
Question 1
Answer saved
Marked out of 2.00
Libre Logistics Ltd. insures against accidents of its motor fleet. The fleet
consists of highly specialised, imported refrigerator trucks. Contributing factors
to the high value of incidents are the poor conditions of the municipal and
provincial roads and the quality of drivers. The following are the records of Libre
Logistics Ltd:
Table 1: Loss experience of the motor fleet over the last five
years
Year No. of Average loss per No of Total cost for
vehicles event accidents the year
1 20 R1,500,000 10 R15,000,000
2 20 R2,200,000 12 R26,400,000
3 25 R1,750,000 15 R26,250,000
4 30 R2,000,000 20 R40,000,000
5 50 R3,500,000 25 R87,500,000
Table 2: Quotations under consideration for the insurance of
the motor fleet
Quote Quoted annual Annual limit for Deductible
number premium damage to motor
fleet
1 R15,000,000.00 R60,000,000 R0
2 R10,000,000.00 R30,000,000 R25,000
3 R8,500,000.00 R25,000,000 R50,000
4 R6,000,000.00 R20,000,000 R70,000
5 R5,000,000.00 R10,000,000 R100,000
Question
Calculate the value of q
a. 0,320
b. 0,210
c. 0,566
d. 0,440
Clear my choice
•061 043 9805
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34078185&cmid=1301707 1/2
, EXCELCENTRE
7/11/26, 1:18 PM
LEARNING INSTITUTE Assessment 2 (page 1 of 25)
Question 2
Answer saved
Marked out of 1.00
One of the fundamental objectives of finite insurance is to …
a. earn potential income.
b. transfer the risk from the enterprise to the insurer.
c. achieve their planned financial results over more than one year
d. provide unique customised solution.
Clear my choice
•061 043 9805
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34078185&cmid=1301707 2/2
PU E
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,EXCELCENTRE LEARNING INSTITUTE 061 043 9805
WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
penalized. If this document is plagiarized by the users and fails, EXCELCENTRE
should not be rendered accountable since the contents in this document only give
learners a kick-start on what is expected of them from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENT
Education is the most powerful weapon which you can use to change the world
,EXCELCENTRE
7/11/26, 1:18 PM
LEARNING INSTITUTE Assessment 2 (page 1 of 25)
RSK4803-26-Y Welcome Message Assessment 2
QUIZ
Question 1
Answer saved
Marked out of 2.00
Libre Logistics Ltd. insures against accidents of its motor fleet. The fleet
consists of highly specialised, imported refrigerator trucks. Contributing factors
to the high value of incidents are the poor conditions of the municipal and
provincial roads and the quality of drivers. The following are the records of Libre
Logistics Ltd:
Table 1: Loss experience of the motor fleet over the last five
years
Year No. of Average loss per No of Total cost for
vehicles event accidents the year
1 20 R1,500,000 10 R15,000,000
2 20 R2,200,000 12 R26,400,000
3 25 R1,750,000 15 R26,250,000
4 30 R2,000,000 20 R40,000,000
5 50 R3,500,000 25 R87,500,000
Table 2: Quotations under consideration for the insurance of
the motor fleet
Quote Quoted annual Annual limit for Deductible
number premium damage to motor
fleet
1 R15,000,000.00 R60,000,000 R0
2 R10,000,000.00 R30,000,000 R25,000
3 R8,500,000.00 R25,000,000 R50,000
4 R6,000,000.00 R20,000,000 R70,000
5 R5,000,000.00 R10,000,000 R100,000
Question
Calculate the value of q
a. 0,320
b. 0,210
c. 0,566
d. 0,440
Clear my choice
•061 043 9805
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34078185&cmid=1301707 1/2
, EXCELCENTRE
7/11/26, 1:18 PM
LEARNING INSTITUTE Assessment 2 (page 1 of 25)
Question 2
Answer saved
Marked out of 1.00
One of the fundamental objectives of finite insurance is to …
a. earn potential income.
b. transfer the risk from the enterprise to the insurer.
c. achieve their planned financial results over more than one year
d. provide unique customised solution.
Clear my choice
•061 043 9805
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=34078185&cmid=1301707 2/2
