Facultative reinsurance include cases when:

1. the reinsurer is not entitled to transfer to the reinsurer for reinsurance the
liability for insurance payment
2. the reinsurer has the right to reinsure the obligation specified in the
contract or a part of the specified obligation or to refuse to reinsure it
3. the reinsurer does not have the right to reinsure the obligation specified in
the contract or part of the specified obligation, or to refuse to reinsure it

Insurance markets can be:

1. Regional, national and international
2. Commercial and national
3. State only

Depending on the types of insurance, insurance markets can be:

1. Property insurance market
2. Life insurance market
3. Voluntary insurance market

What is not an insurance function?

1. Compensation function
2. Accumulation function
3. Credit function
4. Investment function

5. The reinsurance market is ...

6. Write a classification of insurance markets:

At the end of 2019, the insurance market in Russia

1. increased by 0.1%
 2. increased by 5%
3. decreased by 1%
4. did not change

Country leader in total insurance premiums per capita in 2019

1. Cayman islands
2. USA
3. France
4. Germany

Leading country in terms of the share of insurance premiums in gross domestic

product (GDP) in 2019
1. Taiwan
2. USA
3. France
4. Germany

The share of property insurance in the Canadian market is:

1. More than 50%
2. Less than 30%
3. Less than 50%
4. 40%

What is not a cyber risk?

1. Leakage risks of corporate
2. Personal data leakage risk
3. Hacker attacks
4. Property theft
 The segment of the insurance market that showed the largest decline in 2019 in
Russia:
1. Life insurance
2. Liability Insurance
3. Pet insurance
4. Insurance against accidents and illnesses

The supervisory authority for the insurance market in Russia:

1. Bank of Russia
2. Financial Markets Supervision Service
3. Ministry of Finance
4. Ministry of Economic Development

14. List the participants in the insurance market:

The purpose of organizing an insurance business:

1. ensuring the protection of property interests
2. the conclusion of contracts of property, life and health insurance
3. making a profit from insurance
4. providing jobs for citizens

Which insurance industry does deposit insurance belong to:

1. to personal insurance
2. to property insurance
3. to insurance of business risks

During the fire, the machine was damaged at a cost of 3,600 USD, and the
wear on the day of the insured event was equal to 25%. The service life is 2.5
years. After the fire, there were 500 us dollars worth of usable parts left. Calculate
the amount of damage.
1. 2200 USD
2. 2700 USD
3. 3500 USD
 Insurance forms:
1. voluntary and free;
2. mandatory and optional;
3. mixed;
4. voluntary and mandatory

Non-profit public organization (union), a self-regulatory organization in the

financial market that unites insurance organizations.
1. union of insurers
2. associations of insurance intermediaries
3. association of insurers
4. insurance brokers

Property insurance includes:

1. agricultural insurance
2. tick insurance
3. travel insurance
4. accident insurance

The tariff rate at which the insurance contract is concluded:

1. the probability of an insured event
2. sum insured
3. net rate
4. gross rate

The main goals of creating a marketplace of the Central Bank of the Russian
Federation for financial organizations (several answers):
1. attracting a new client base
2. reducing the cost of attracting and serving customers
3. access to services 24/7
 4. geographical accessibility

The most common risks in reinsurance (several answers):

1. property of legal entities
2. life insurance
3. accident insurance
4. liability insurance

A method of selling insurance products, in which the insurer does not inform
the policyholder about all the features of this insurance product:
1. misseling
2. promotion of the insurance product
3. sale of an insurance product
4. selling an insurance product via the Internet

Insurance companies invest insurance reserves on the following conditions:

1. liquidity
2. riskiness
3. profitability
4. diversification

Indicators characterizing the development of the country's insurance market

(several answers):
1. share of insurance services in the country's GDP
2. the amount of investments attracted to the country's economy through the
insurance system
3. cost of insurance services
4. structure of insurance intermediaries
The amount of the insured amount for compulsory insurance depends on:
1. insurer's wishes
2. policyholder's wishes
3. regulation defined by law
4. on the demand for this type of insurance

Types of personal insurance:

1. financial risk insurance
2. pet insurance
3. liability Insurance
4. life insurance

The bulk of the assets of Russian insurers are:

1. corporate bonds
2. deposits
3. state and municipal securities
4. credits
 Top 10 companies on the Russian market are occupied by:
1. More than 70% of the market
2. More than 90% of the market
3. Less than 20%
4. Less than 10%

Due to the situation caused by COVID-19 in the insurance market:

1. Online sales increased
2. The volume of investment life insurance has increased
3. Property insurance increased
4. Liability insurance increased

What does not apply to the goals and objectives of the Solvency II Directive:
1. the establishment of a unified regulatory framework within the European
Union
2. ensuring the protection of policyholders by establishing uniform risk
management standards
3. ensuring capital adequacy
4. recommendations for the development of insurance products

What is not typical for the insurance business in connection with COVID-19:
1. development of remote service channels
2. development of IT systems
3. cost reduction (rent, personnel)
4. development of investment life insurance

The main intermediaries in the insurance market are:

1. Insurance brokers
2. Insurance agents
 3. Commercial banks
4. Travel firms

The share of commercial banks among intermediaries in the insurance market

in Russia in 2019:
1. 50%
2. 20%
3. 70%
4. 5%

In recent years, the number of insurance companies in the insurance market:

1. Decreases
2. Increases
3. Remains unchanged

… .. is created for the implementation of mutual insurance of the property

interests of its members:
1. Mutual Insurance Society
2. Insurance union
3. Credit cooperative
4. Association of insurers

Who is responsible for the insurance risk to the policyholder in the reinsurance
system?
1. union of insurers
2. the first reinsurer
3. direct insurer

With optional reinsurance:

 1. the reinsurer is not entitled to transfer to the reinsurer for reinsurance the
obligation to pay insurance indemnity
2. the reinsurer has the right to reinsure the obligation specified in the
contract or a part of the specified obligation or to refuse to reinsure it
3. the reinsurer does not have the right to reinsure the obligation specified in
the contract or part of the specified obligation, or to refuse to reinsure it

What is the name of the insurer who, on the terms agreed upon by the contract,
accepts the risk for reinsurance from the reinsurer?
1. Reinsurer (assignee, or assignee)
2. Reinsurer (assignor)
3. first (direct) insurer

Determine the amount of insurance compensation (according to the system of

the first risk).The insurance value of the object 9 000 thousand rubles. The
insurance amount is 9,000 thousand rubles. Damage of 5,000 thousand rubles.
1. 9,000 thousand rubles
2. 5,000 thousand rubles
3. 4,000 thousand rubles

International Association of Insurance Supervisors (multiple answers)

1. summarizes the experience of insurance supervision
2. develops and publishes principles and standards of insurance activities
3. only sets performance standards
4. controls insurance companies only in the European Union

Reinsurance is …
1. the activity of one insurer insuring the property interests of another insurer
2. the activity of the insurer in the sale of an insurance product to an
individual insurance
3. property relations of legal entities
 An actuary is ...
1. a specialist in insurance mathematics who knows the theory of actuarial
calculations
2. insurance intermediary
3. representative of Supervisory organizations
4. an inspector or an agent of the insurer performing an inspection of the
property accepted for insurance

The surveyor is…

1. an inspector or an agent of the insurer performing an inspection of the
property accepted for insurance
2. a specialist in insurance mathematics who knows the theory of actuarial
calculations
3. representative of Supervisory organizations

The actual cost of the car is $120,000. The car owner has the right to insure the
car for the amount of:
1. no more than $ 120,000
2. ½ of the purchase price
3. 150000 $
4. 12000 $

The property of citizens that cannot be insured includes:

1. residential premises
2. buildings
3. cash flow
4. technique

The cost of property insurance is primarily affected by:

1. the term of the insurance contract
2. solvency of the policyholder
3. risks included in the insurance program

An example of property insurance is:

1. copyright insurance for a musical work
2. the accident insurance
3. insurance against tick
4. life insurance

The fee for the insurance is -

1. insurance bonuses
2. insurance premium
 3. monetary compensation
4. the sum insured

At the expense of insurance premiums, income is generated:

1. from insurance activities
2. from investment activities
3. from financial activities
4. from operating activities

The object of health insurance is:

1. insurance risk, which is associated with the costs incurred in connection with
the provision of medical care in the event of an insured event
2. insured persons, policyholders, insurance funds
3. insurance and medical institutions and organizations

The parties to the main insurance contract are:

1. insurance organization and the beneficiary
2. the policyholder, the reinsurer and the insurer
3. the policyholder and the insurer

The objects of insurance can be:

1. all types of property, health and life of a person, responsibility of someone
for something
2. only movable and immovable property, legal relations
3. only human health and life

The primary form of insurance was:

1. gratuitous lending
2. the removal of responsibility
3. mutual assistance
4. cooperation

What is the main function of insurance?

1. savings account
2. warning system
3. risky

Liability insurance is …
1. health insurance
2. cargo insurance
3. professional liability insurance
4. life insurance
The COVID-19 pandemic is extremely affecting how people engage with one
another across the industries and countries. The physical distancing and other
quarantine measures have shifted activities once considered critical to have in
person to digital and remote channels. This change has been affecting insurance
distribution—both in the near term, as physical distancing measures continue,
and in the longer term. The society’s relationship with technology and remote
interactions is continuously emerging and accelerating. Insurers need to reassess
their distribution model in relation to their insurance products, customers, to the
sales force and to the equipment they use. It would allow them to prepare for the
unpredictable.

Practice-oriented tasks
1. Information is provided on the volume of reinsurance premiums in the Russian
reinsurance market for the 1st half of 2019-2020, thousand rubles.
Company 1st half of 2019 1st half of 2020 Rate of
change
2020/2019, %
Аmount Share,% Аmount Share,%
SOGAZ 6 315 819 7 353 921
RNRC 7 596 615 9 297 897
Chubb 1 940 709 2 601 284
Rosgosstrakh 1 398 270 1 306 764
Ingosstrakh 4 516 186 5 084 025
Total 30 687 571 36 975 281
reinsurance
premiums
1. Analyze the structure of the reinsurance market in the context of the represented
reinsurers.
2. Analyze the general dynamics of the reinsurance market.
3. What types of insurance take the largest share in reinsurance? The largest share of
reinsurance is property insurance and liability insurance. Large risk reinsurance:
avia,space,financial,liability.
4. Write conclusions. Growth due to instability of the economy;RNRC- was established due
to functions

ONLY 2019/2017 – FOR 3 YEARS

2. Information on insurance premiums of property insurance of Russian insurance
companies for 2017-2019 is provided (thousand roubles).
 Indicator 2017 2018 2019

Transport insurance 162495762 168691755 170546906

 Railway vehicles insurance 917121 1350486 1010837
 Air transport insurance 9617692 9524109 10586575
 Water transport insurance 4202369 4316209 4680831
Cargo 18513691 20532589 21612239
Agricultural insurance - total 3922106 3731184 5647228
out of him: government-backed
2381814 1950896 4374255
insurance
Other property insurance of legal
95988475 88523651 103322299
entities
Other property insurance of
57406518 64810513 71900592
citizens
Total

1. Analyze the dynamics and structure of the portfolio of insurance premiums in the
property insurance market over the past 3 years.
2. Write conclusions. Conclusions must be substantiated.

Agro increases due to government supportive participation in the program for the sector.

3. Information is provided on the number of personal insurance contracts in Russia for

2018-2019.
Indicator 2018 2019

Life insurance 6 003 845 5 206 402

Borrower's life insurance 2 607 499 3 930 867
Low rates from cb for mortgage loans, people
engage in in contracts dealing with the subsequent
insuring of their lives. The lower is the rate for
mortgage loans, the bigger amount of loans are
taken and the bigger is the quantity of borrowers’
life insurance contracts are signed
Pension insurance 6 951 6 388
Insurance against accidents and illnesses 57 633 509 55 095 874
Voluntary health insurance. The increase might be 12 317 853 17 063 480
explained by the new products of the insurance
companies which are more personal nowadays than
they were before. The quantity of expensive
corporate contracts/products is decreasing.
Total

1. Analyze the structure of the Russian insurance market by the number of personal insurance
contracts.
2. Analyze the dynamics of the number of insurance contracts for each of the presented personal
insurance.
3. How will the dynamics of the presented types of insurance change in 2020 in connection with
the Covid-19 pandemic?
4. Write conclusions.

4. The table presents premiums of life insurance for 2018-2020 in Russia.

Region first half of 2018 first half of 2019 first half of 2020
Amount, Amount, Share, Amount, Share,
thousand Share, thousand % thousand %
rubles % rubles rubles
Central Federal
117844476,9 114240689,0 99742497,9
District
Northwestern
15578520,54 13581545,9 14382818,8
Federal District
Southern Federal
11361616,94 7179547,20 8648901,44
District
Volga Federal
27086789,64 20648529,9 23592811,1
District
Ural federal
10959859,34 9341525,79 11889301,6
district
Siberian Federal
13242924,26 10937000,2 11382076,1
District
Far Eastern
6933948,605 5610820,53 7207409,12
Federal District
North Caucasian
1908648,473 1466445,65 1561848,07
Federal District
Total  
1. Analyze the dynamics, composition and structure of life insurance premiums for 2018-2020.
2. What are the features of the regional structure of the life insurance market?
file:///C:/Users/v.nikiforov/Downloads/Life%20Insurance%20In%20Russia_%20Features%20Of
%20Regional%20Development.pdf
3. How has Covid-19 affected the development of the market?

5. Information is given on the number of insurance contracts in Russia for 2018-2019.

Indicator 2018 2019

Life insurance 6 003 845 5 206 402

Borrower life insurance 2 607 499 3 930 867
Pension insurance 6 951 6 388
Insurance against accidents and illnesses 57 633 509 55 095 874
 Voluntary medical insurance 12 317 853 17 063 480
Insurance of land vehicles (except for railway 4 731 289 4 860 355
vehicles)
Insurance of other property of legal entities 729 707 440 812
Сompulsory civil liability insurance 39 704 379 39 475 010
Total

1. Analyze the structure of the Russian insurance market by the number of insurance contracts by
type.
2. Analyze the dynamics of the number of insurance contracts for each of the types of insurance
presented.
3. How will the dynamics of the presented types of insurance change in 2020 due to the Covid-
19 pandemic?
4. Write conclusions.

6. The share of insurance premiums in GDP of the listed countries in 2017 (%) is presented.
A country 2017 y.
Russia 1,39
Germany 7%
France 9,25
China 4,56%
USA 2,56%
Great Britain 11%
Singapore 7,01%
Taiwan 18,71%
Hong Kong 17,50%
South Korea 13%
Australia 7%
Write down how the level of insurance penetration into a country's GDP is calculated. What this
indicator shows. And explain why the country data are so different? What is the reason for this?
What does the high value of this indicator and the low value of this indicator indicate?

7. The table shows information on the volume of insurance premiums in the Russian
insurance market for 2018-2019.
Indicator 2018 2019
Central Federal District 885518591 873476603
Northwestern Federal District 137094691 166987150
Southern Federal District 67472381 61502260
Volga Federal District 168644132 155393079
Ural federal district 87227623 87214895
Siberian Federal District 78226254 81443496
Far Eastern Federal District 39370047 37272115
North Caucasian Federal District 14788602 14917933
Total 1478342326 1478207535

1. Analyze the dynamics, composition and structure of insurance premiums for 2018-2019.
2. What are the features of the regional structure of the insurance market?
3. Why we have such trends? It is necessary to explain.

8. The table shows information on the volume of life insurance premiums in Russia for
2018-2019.
Indicator 2018 2019
Central Federal District 260147312 247787247
Northwestern Federal District 35604779 33130394
Southern Federal District 23613565 15991718
Volga Federal District 59742006 47937690
Ural federal district 25651326 22594741
Siberian Federal District 27225134 25362518
Far Eastern Federal District 16095773 13116775
North Caucasian Federal District 4319959 3453023
Total 452399854 409374105

1. Analyze the dynamics, composition and structure of life insurance premiums for 2018-
2019.
2. What are the features of the regional structure of the life insurance market?
3. Why we have such trends? It is necessary to explain.

9. The table shows information on the volume of Liability insurance premiums in Russia
for 2018-2019.

Indicator 2018 2019

Central Federal District 36 357 020 20 754 837
Northwestern Federal District 4 956 669 6 205 125
Southern Federal District 1 343 421 873 161
Volga Federal District 2 268 306 1 357 894
Ural federal district 1 437 546 1 173 464
Siberian Federal District 884 978 817 295
Far Eastern Federal District 1 188 975 907 482
North Caucasian Federal District 153 781 132 601
Total 48 590 696 32 221 859

1. Analyze the dynamics, composition and structure of Liability insurance premiums for
2018-2019.
2. What are the features of the regional structure of the Liability insurance market?
3. Why we have such trends? It is necessary to explain.
10. In 2019, the indicators of the insurance market changed in different directions. The
amount of contributions in the scrap on the market stopped growing due to the
contraction of the life insurance market. For four years it has been one of the main but
unbalanced sources of industry growth.
Explain why the decline in demand for investment life insurance is related.
Write the main reasons and describe them in detail.