The document discusses the Titanic disaster case from an insurance perspective. It provides multiple choice questions about the type of reinsurance commonly purchased after marine incidents, the name of the ship insured by Lloyd's, the total insured marine losses amount for the Titanic in 1912, the term for insurance of insurance, and the owner of the Titanic who was paid £1m in insurance claims within 30 days of the sinking. The document is submitted by a student providing their identification details.
The document discusses the Titanic disaster case from an insurance perspective. It provides multiple choice questions about the type of reinsurance commonly purchased after marine incidents, the name of the ship insured by Lloyd's, the total insured marine losses amount for the Titanic in 1912, the term for insurance of insurance, and the owner of the Titanic who was paid £1m in insurance claims within 30 days of the sinking. The document is submitted by a student providing their identification details.
The document discusses the Titanic disaster case from an insurance perspective. It provides multiple choice questions about the type of reinsurance commonly purchased after marine incidents, the name of the ship insured by Lloyd's, the total insured marine losses amount for the Titanic in 1912, the term for insurance of insurance, and the owner of the Titanic who was paid £1m in insurance claims within 30 days of the sinking. The document is submitted by a student providing their identification details.
1. A form of reinsurance commonly purchased after the marine incident.
a) Overdue Insurance b) Under-due Insurance c) Marine Insurance d) Lloyd’s Insurance Answer: a) 2. What was the name of Titanic which was insured by Lloyd’s insurance Company? a) Olympic b) Phoenix c) Matrix d) Prestige Answer: a) 3. The total insured Marine losses for Titanic case in 1912 came to: a) £ 8.85m b) £ 9.96m c) £ 6.75m d) £ 11.8m Answer: c) 4. Insurance of Insurance is known as a) Double Insurance b) Reinsurance c) Pre-insurance d) Multiple Insurance Answer: b) 5. The owner of Titanic who was paid the insurance claim of £1m by Lloyd’s within 30 days of ship sinking was: a) Blue Star b) Red Star c) Grey Star d) White Star Answer: d)