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Question 117

By what amount is the life insurance sold in Italy through agents more/less than the life insurance sold in Spain through brokers and agents?

Solution

Life insurance sold in Italy through agents (in million dollars) = $$\frac{14}{100}\times2500=350$$

Life insurance sold in Spain through brokers and agents (in million dollars) = $$\frac{(14+5)}{100}\times2000=380$$

Thus, life insurance sold in Italy through agents is less by $ 30 million than that of sold in Spain by brokers and agents.

=> Ans - (C)

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