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UIIC AO Industry Challenges — practice questions

Explore 1 free Industry Challenges questions in UIIC AO Insurance. Open each question or exercise to read its content, reference answers and available explanation.

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Industry Challenges questions and exercises with answers

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On the supply side, the most significant issue flagged by IRDA for life insurers is:Read the answer and worked solution →

Worked practice questions

On the supply side, the most significant issue flagged by IRDA for life insurers is:

  1. Reinsurance shortage
  2. Mis-selling
  3. Solvency under-funding
  4. Tariff distortions
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Correct answer: B. Mis-selling

1. The IRDA brochure outlines supply-side challenges for life and non-life insurers. 2. For life insurance companies, it singles out one practice undermining confidence. 3. Mis-selling is one of the important issues which is coming in the way of building confidence. _Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "For Life Insurance Companies: Mis-selling is one of the important issues which is coming in the way of building confidence in the insurance industry."_

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More Insurance topics

Insurance IntermediariesInsurance Penetration and DensityInsurance Repository SystemIRDA Brief HistoryComposition of IRDAFinancial EducationFormation of IRDAGrievance Redressal