The biggest risk facing the world’s insurance company is possibly the rapid change now taking place within their own ranks. sluggish growth in core markets and intense price competition, coupled with shifting patterns of customer demand and the rising cost of losses, are threatening to overwhelm those too slow to react
Insurance companies are competing to provide the best prices to customers.
Correct answer: A
Insurance companies are experiencing a depression in their core markets.
Correct answer: C
Insuring of assets is one of the best means of securing it.
Study the chart and answer the questions below it.
If 1,000 new staff join the organisation and none leave, and half of the new staff have no training and half have Level 1, approximately what percentage of the organisation’s staff have no training?
Correct answer: D
Explanation Presently, staff without training = 406 New staff without training = 500 % of staff without training = 906/3,900 x 100 = 23.2%
Half of the staff with no qualification are aged under 21, compared with a quarter of those qualified at Level 2 and a third of those qualified at Level 3. None of those qualified at Level 1 or Level 4 are aged under 21. How many staff in the organisation are aged under 21?
Explanation Staff without qualification aged under 21 = 406/2 = 203 Staff qualified at level 2 aged below 21 = 609/3 = 203 Organization’s staff under 21 = 203 + 319 + 203 = 72
