ZIMSEC O-Level Commerce
6.7.1Nature and purpose of insurance and assurance; communal systems
Nature and purpose of insurance and assurance; communal systems in ZIMSEC O-Level Commerce: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic17 practice questions1 lesson
Overview
Form 1: insurance and assurance, risks, pooling of risks, statistics, and communal systems such as zunde ramambo.
Learning objectives
What the syllabus expects you to be able to do.
- 6.7.1.1Explain the features and purposes of insurance and assurance and distinguish between them.
- 6.7.1.2Identify business and life risks and differentiate insurable from non-insurable risks.
- 6.7.1.3Explain the pooling of risks and the importance of statistics in insurance.
- 6.7.1.4Identify communal systems of insurance and assurance and state their importance.
Lessons
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The nature and purpose of insurance and assurance
28 min
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Sample question
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