The London Market writes a considerable amount of insurance overseas. This is a[n]:

Study for the CII London Market 1 (LM1) Test. Enhance your knowledge of the insurance industry with multiple choice questions. Discover hints and explanations to get exam ready!

The term "invisible export" refers to services or financial transactions that are exported rather than goods. In the context of the London Market, which writes a significant amount of insurance for clients outside of the UK, this activity falls under the category of invisible exports.

Insurance is considered a service, and when the London Market provides coverage to customers internationally, it generates income for the UK economy. This flow of service does not involve the physical transfer of goods, distinguishing it from visible exports, which do involve tangible products. Therefore, the provision of insurance to overseas clients effectively contributes to the UK's balance of trade in services, aligning perfectly with the definition of invisible exports.

The other options do not accurately describe this context, as they either refer to different types of economic transactions that do not apply to the insurance services rendered internationally or involve the importation of goods or services, which is not relevant here.

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