RSK3701 Risk Financing and Short Term Insurance

the document has the latest questions and elaborate answers

the document has the latest questions and answers

RSK3701 SUMMARISED EXAM NOTES 2023 UPDATED SUMMARY. Study Unit 01 Define and explain - Risk: Risk is the uncertainty of loss. Unfavourable deviation from the expected. Define Risk Management: A means of removing some or all of the uncertainty Differentiate between : Pure / Event Risk Speculative Risk There is either a Loss or No Loss Taken out in the hope of some gain. Particular risk: Affects only you of your family, not society as a whole. Break in. Fundamental risk: Affects society...

RSK3701 EXAM PACK 2023

RSK3701 EXAM PACK 2023

This document contains past exam questions and solutions.

This document contains past exam questions and solutions.

SECTION A: MULTIPLE CHOICE 1.2, 2.2, 3.2, 4.1, 5.2, 6.2, 7.4, 8.3, 9.2,10.4, 11.4, 12.1, 13.1, 14.3, 15.4, 16.4, 17.1, 18.1, 19.3, 20.4 RSK3701 STUDY PACK 2021. Page | 1 Calculations Question 20 Quota share In terms of a quota share treaty, the reinsurer is bound to accept a fixed proportion of every risk. The risk is shared on a proportional basis between the cadent and reinsurer. The share of the different parties involved in the government is expressed as a percentage. The reinsur...

SECTION A: MULTIPLE CHOICE QUESTIONS 1.2 2.2 3.2 4.1 5.2 6.2 7.4 8.3 9.2 10.4 11.4 12.1 13.1 14.3 15.4 16.4 17.1 18.1 19.3 20.4 4 Calculations Question 20 Quota share In terms of a quota share treaty, the reinsurer is bound to accept a fixed proportion of every risk. The risk is shared on a proportional basis between the cadent and reinsurer. The share of the different parties involved in the government is expressed as a percentage. The reinsurer will pay 100% - 60...