ISO 31000 Lead Risk Manager
Q: 1
Which of the following statements about captive insurance companies are correct?
1. A captive cannot act as a reinsurer.
2. A captive can access reinsurance markets.
3. A captive can sometimes offer greater cover than is available in the insurance market.
4. A captive must be located in the same country as its parent company.
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Q: 2
ISO 31000:2018 offers a generic outline for the design of the risk management framework and
process.
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Q: 3
Records and reports provide a continuing account of the risk management system.
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Q: 4
Which of the following documents information are relevant to the organization’s risk management
framework, process, and system?
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Q: 5
Risk management is a strategic management process.
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Q: 6
Hopkin states “most standard definitions of risk refer to risks being attached to corporate objectives”.
What is another important factor to consider when linking risk to an organisation?
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Q: 7
An international bank has identified the risks associated with economic changes in the countries in
which it operates. Which of the following correctly describes these risks?
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Q: 8
Which of the following is a process with inputs, activities, and outcomes?
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Q: 9
What is the role of risk management in the strategic planning process?
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Q: 10
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Which of the following step is a critical part of risk assurance?
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Question 1 of 10
