Learning Outcome 4. Understand the role of common insurance industry functions within insurance Flashcards Preview

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Flashcards in Learning Outcome 4. Understand the role of common insurance industry functions within insurance Deck (4)
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1

Who in an insurance company is responsible for the preparation of financial information, the economic capital model and the management of debt, Cash flow, liquidity and treasury matters?
A. Chief actuary
B. Company secretary
C. Finance director
D. Managing director






C. Finance director

2

Who is responsible for communicating to all relevant staff the regulatory requirements of their role?

A. Compliance
B. Legal company and secretarial
C. Risk management
D. Finance and treasury




A. Compliance

3

Who is responsible for communicating to all relevant staff the regulatory requirements of their role?

A. Compliance
B. Legal company and secretarial
C. Risk management
D. Finance and treasury





A. Compliance

4

Which department is responsible for payroll in an insurance company?
A. Finance
B. Investment
C. Human Resources
D Internal audit




C. Human Resources