100+ Free SCI CRI Practice Questions

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2026 Statistics

Key Facts: SCI CRI Exam

100 MCQs

CRI has 80 Part I knowledge questions plus 20 Part II calculation questions

SCI - Certification in Reinsurance (CRI)

2 hours

Time allowed to complete the CRI examination

SCI - Certification in Reinsurance (CRI)

70% overall

Plus minimum 40/80 Part I and 10/20 Part II required to pass

SCI CRI minimum passing grade

BCP first

BCP is a mandatory prerequisite before CRI registration

SCI CRI entry requirement

S$86.40

Approximate member first-attempt fee inclusive of GST

SCI CRI exam fees table

11 chapters

4th Edition syllabus including evolving landscape chapter from Apr 2025

SCI CRI 4th Edition contents

Cert SCI (Reinsurance)

Designation after passing both BCP and CRI

SCI certification designations

100

Free original practice questions here

OpenExamPrep

SCI CRI is the Singapore College of Insurance Certification in Reinsurance exam: 100 MCQs in 2 hours (80 knowledge + 20 calculations). You need at least 40/80 on Part I, 10/20 on Part II, and 70% overall, with no negative marking. Member first-attempt fee is about S$86.40. BCP is a prerequisite. The 4th Edition syllabus (from April 2025) covers eleven chapters from treaty and facultative basics through accounting, life reassurance and emerging market issues. This free bank gives 100 original practice questions with explanations.

Sample SCI CRI Practice Questions

Try these sample questions to test your SCI CRI exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1What is the primary purpose of reinsurance for a direct insurer?

A.To transfer part of the insurance risk to another insurer in exchange for premium

B.To eliminate all underwriting risk completely

C.To replace the need for capital and solvency margins

D.To cancel policies that the insurer no longer wants

Explanation: Reinsurance is insurance purchased by an insurer. The cedant transfers a portion of risk to a reinsurer for a premium, improving capacity, stability and catastrophe protection while retaining part of the risk.

2In reinsurance terminology, the insurer that buys reinsurance cover is commonly called the:

A.Cedant (or ceding company)

B.Reinsurer

C.Retrocessionaire only

D.Insured policyholder

Explanation: The cedant (ceding company) is the direct insurer that cedes risk to a reinsurer. The policyholder remains the insured of the cedant.

3Which of the following is a recognised function of reinsurance?

A.Stabilising underwriting results and protecting against large or catastrophic losses

B.Guaranteeing investment returns for policyholders

C.Setting motor NCD rates for the cedant

D.Issuing compulsory motor certificates to the public

Explanation: Classic reinsurance functions include capacity, portfolio stabilisation, catastrophe protection, underwriting assistance and financial/solvency support.

4Retrocession in the reinsurance market refers to:

A.A reinsurer further transferring part of the risks it has accepted to another reinsurer

B.A direct insurer selling policies to the public

C.Cancellation of a facultative placement

D.A broker's commission rebate to the insured

Explanation: Retrocession is reinsurance of reinsurance: the accepting reinsurer cedes part of its assumed portfolio to a retrocessionaire to manage capacity and accumulations.

5Which party typically intermediates between cedants and reinsurers in the placement of reinsurance?

A.A reinsurance broker

B.The policyholder's solicitor

C.The Monetary Authority of Singapore as underwriter

D.The insured's employer

Explanation: Reinsurance brokers advise on programme design, market the risk to reinsurers, negotiate terms and assist with documentation and claims.

6In Singapore's reinsurance market, which of the following is typically a buyer of reinsurance?

A.A direct general insurer seeking capacity or catastrophe protection

B.An individual motor policyholder buying compulsory cover

C.A life assured buying a term policy

D.A court awarding damages

Explanation: Cedants are insurers (and sometimes captives or other risk carriers) that buy reinsurance. Individual policyholders buy direct insurance, not reinsurance.

7A captive insurer is best described as:

A.An insurance company owned by a non-insurance parent primarily to insure the parent's risks

B.A reinsurer that only writes facultative property risks

C.A broker that owns no capital

D.A statutory motor pool for uninsured drivers

Explanation: Captives are insurers owned by industrial or commercial parents mainly to insure group risks, often using reinsurance for excess layers and specialist covers.

8The key distinction between facultative reinsurance and treaty reinsurance is that:

A.Facultative is risk-by-risk (optional for both parties), while treaty covers a defined portfolio automatically under agreed terms

B.Facultative covers life risks only and treaty covers property only

C.Treaty is always non-proportional and facultative is always proportional

D.Facultative placements require no underwriting information

Explanation: Facultative is case-by-case: the cedant may offer and the reinsurer may accept or decline each risk. A treaty obliges both parties for risks within its scope for the treaty period.

9Under proportional reinsurance, the reinsurer generally:

A.Shares premium and losses in an agreed proportion with the cedant

B.Pays only when a single loss exceeds a high attachment point

C.Receives no premium until a catastrophe occurs

D.Insures the policyholder directly

Explanation: In proportional (pro rata) reinsurance, the reinsurer takes a fixed share of original premiums and pays the same share of losses (subject to treaty terms and commissions).

10Non-proportional reinsurance is characterised by:

A.The reinsurer responding only when losses exceed an agreed retention (attachment)

B.Sharing every premium and loss at a fixed percentage from the first dollar

C.Automatic co-insurance of every policy on identical original terms

D.The reinsurer acting as the retail agent

Explanation: Non-proportional covers (such as excess of loss) respond when losses exceed the cedant's retention up to the reinsured limit; premium is not a fixed share of original premium.

About the SCI CRI Exam

The SCI Certification in Reinsurance (CRI) examination certifies working knowledge of reinsurance principles and practices for staff in reinsurance companies, reinsurance brokers, cedant reinsurance departments, regulators and related support roles. Candidates must first pass BCP. The closed-book Computer Screen Examination has 100 MCQs in 2 hours: 80 Part I knowledge items and 20 Part II calculation items. Passing requires minimum scores on each part plus 70% overall. The 4th Edition syllabus (examinable from 23 April 2025) adds Chapter 11 on the evolving reinsurance landscape. Passing BCP and CRI supports use of the Cert SCI (Reinsurance) designation. This 100-question bank provides original syllabus-aligned practice across all chapters, with substantial calculation coverage matching Part II.

Assessment

100 multiple-choice questions in two parts: Part I (80 knowledge questions) and Part II (20 calculation questions). Syllabus chapters cover introduction to reinsurance, the reinsurance market, forms of reinsurance, facultative reinsurance, proportional treaties, non-proportional treaties, reinsurance accounting, contract wordings, life reassurance, office practice procedure, and (from the 4th Edition) issues arising from the evolving reinsurance landscape.

Time Limit

2 hours for 100 questions.

Passing Score

At least 40/80 on Part I, at least 10/20 on Part II, and at least 70 marks overall (70%). One mark per correct answer with no penalty for wrong or blank answers.

Exam Fee

Member first attempt S$86.40; non-member first attempt S$108.00 (inclusive of GST). Member subsequent attempt S$64.80; non-member subsequent attempt S$86.40. Fees include a non-refundable registration component and may be revised — confirm on the SCI website. (Singapore College of Insurance (SCI))

SCI CRI Exam Content Outline

25%

Introduction, Market and Forms of Reinsurance

Why insurers buy reinsurance, capacity and portfolio stabilisation, catastrophe protection, market participants (cedants, reinsurers, brokers, captives), and the taxonomy of facultative versus treaty and proportional versus non-proportional covers.

21%

Facultative and Proportional Treaties

Case-by-case facultative offers and acceptances, quota share percentage sharing of premium and loss, surplus lines and retention, ceding commission structures, and when each proportional form is used.

24%

Non-Proportional Treaties and Reinsurance Accounting

Working and catastrophe excess of loss, stop-loss, attachment points and limits, rating approaches, reinstatement premiums, and technical accounts showing premiums, commissions, claims and balances due.

23%

Contract Wordings, Life Reassurance and Office Practice

Common treaty clauses (following fortunes, insolvency, cut-through, hours, claims cooperation), life reassurance on risk-premium and original-terms bases, and operational tools such as bordereaux and claims notification procedures.

Evolving Reinsurance Landscape

Fourth-edition topics on alternative risk transfer, insurance-linked securities, climate and emerging risks, and how market structure continues to change for Singapore and global reinsurance practitioners.

How to Pass the SCI CRI Exam

What You Need to Know

Passing score: At least 40/80 on Part I, at least 10/20 on Part II, and at least 70 marks overall (70%). One mark per correct answer with no penalty for wrong or blank answers.
Assessment: 100 multiple-choice questions in two parts: Part I (80 knowledge questions) and Part II (20 calculation questions). Syllabus chapters cover introduction to reinsurance, the reinsurance market, forms of reinsurance, facultative reinsurance, proportional treaties, non-proportional treaties, reinsurance accounting, contract wordings, life reassurance, office practice procedure, and (from the 4th Edition) issues arising from the evolving reinsurance landscape.
Time limit: 2 hours for 100 questions.
Exam fee: Member first attempt S$86.40; non-member first attempt S$108.00 (inclusive of GST). Member subsequent attempt S$64.80; non-member subsequent attempt S$86.40. Fees include a non-refundable registration component and may be revised — confirm on the SCI website.

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

SCI CRI Study Tips from Top Performers

1Treat Part II as a separate skill: drill quota share premium/claim splits, surplus line cessions, XL layer recoveries, ceding commission and burning-cost style calculations until they are automatic.

2Memorise the dual pass rule — strong Part I knowledge alone is not enough if Part II falls below 10/20, and vice versa; you also need 70 overall.

3Build a comparison table for quota share versus surplus versus excess of loss covering what is shared, how premium is charged, and typical commission structures.

4Learn the standard treaty clauses (following the fortunes, insolvency, cut-through, hours, claims cooperation) by what problem each clause solves.

5Use the 4th Edition Chapter 11 material — it is examinable from 23 April 2025 and easy to under-study if you rely on older notes.

6With no negative marking and 2 hours for 100 questions, answer easy knowledge items first, then spend remaining time on calculation items with clear workings.

Frequently Asked Questions

How many questions are on the SCI CRI exam and how long is it?

CRI has 100 multiple-choice questions to be completed in 2 hours. Part I has 80 knowledge questions and Part II has 20 calculation questions.

What is the passing score for CRI?

You must achieve at least 40 marks on Part I, at least 10 marks on Part II, and at least 70 marks overall (70%). There is no negative marking, so attempt every question.

Is BCP required before taking CRI?

Yes. SCI requires candidates to pass the Basic Insurance Concepts and Principles (BCP) examination before registering for CRI.

How much does the CRI exam cost?

Published fees (inclusive of GST) include about S$86.40 for member first attempt and S$108.00 for non-member first attempt, with lower subsequent-attempt fees. Always confirm the current fee table on the SCI website before registering.

What designation do I get after passing?

Passing both BCP and CRI entitles you to use the Cert SCI (Reinsurance) designation under SCI's certification designation guidelines. The examination sitting itself issues a Result Slip rather than a separate certificate document.

Are these official SCI CRI questions?

No. These are original OpenExamPrep practice questions written to match the CRI syllabus and skills. The official eBook and examination are provided separately by the Singapore College of Insurance.

100+ Free SCI CRI Practice Questions

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