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O-LevelCommerceInsurance7100/12 · May/June 2022 · Q291 Mark

A government has published last year's figures for burglaries. regions number of burglaries per 1000 homes north 35 south 3 east 9 west 22 This information is useful to insurance companies in this country because it helps them to

Acalculate the premiums they charge for household insurance.
Bcalculate their costs for household insurance.
Cdecide in which region to locate their headquarters.
Ddecide in which regions to offer public liability insurance.

✓ Correct answer

A: calculate the premiums they charge for household insurance.

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2022 Paper 1 Variant 2, question 29.

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