Try PRMIA : 8004 valid & accurate questions and answers
Updated: Jul 21, 2026
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PRMIA 8004 Exam Overview:
| Certification Vendor: | PRMIA |
| Exam Name: | PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics |
| Exam Number: | 8004 |
| Certificate Validity Period: | Lifetime (active status requires annual CRL credits) |
| Exam Format: | Multiple Choice, Case Study Based |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Passing Score: | 60% |
| Exam Price: | USD 275 (members), USD 350 (non-members) |
| Real Exam Qty: | 24 |
| Recommended Training: | PRMIA Code of Conduct & Governance Principles PRMIA Exam IV Study Materials |
| Exam Registration: | PRMIA Official Registration Pearson VUE Scheduling |
| Sample Questions: | PRMIA 8004 Sample Questions |
| Exam Way: | Computer-based: Onsite at Pearson VUE centers or Online Proctored |
| Pre Condition: | PRMIA membership; no required exam order; must meet program eligibility |
| Official Syllabus URL: | https://www.prmia.org/PRM |
PRMIA 8004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| PRMIA Standards of Best Practice, Conduct and Ethics | 30% | - Code of professional conduct - Compliance with laws and regulations - Ethical decision-making framework - Professional integrity and accountability |
| PRMIA Principles of Good Governance | 20% | - Risk appetite and accountability - Risk governance frameworks - Transparency and disclosure - Board and senior management responsibilities |
| PRMIA Case Studies | 50% | - Application of risk principles to scenarios - Root cause identification - Historical risk failure analysis - Risk management lessons learned |
PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Sample Questions:
1. What was the most important loss for Bankers Trust?
A) Loss of market share due to their licenses being revoked
B) Loss of its' reputation due to actions seen as detrimental to their clients
C) Time spent on legal proceedings in courts
D) Money due to unfavourable market moves
2. The retrocession insurance cover was provided by
A) Fortress Re and their reinsurers
B) The fronting insurance companies
C) The Fortress Re reinsurers only
D) Fortress Re and other insurers
3. For the sentence
"The organization should have at its disposal employees who have adequate _________, ________ and _______ to perform the tasks assigned to them", Choose the correct combination of words from the following options:
A) experience, skills, previous successes
B) knowledge, skills, expertise
C) track record, expertise, skills
D) risk appetite, knowledge, expertise
4. Which of the following are PRMIA Governance Principles?
I Sufficiency of Key Resources and Process
II State of the Art Risk Management Technology
III Ongoing Education and Discernment
IV Sufficiency of Key Competencies
A) All of these are PRMIA Governance Principles
B) I, III and IV only
C) I, II and IV only
D) I and II only
5. The key people involved in the application of good governance and risk management must:
I be trustworthy
II be honest
III be approved by the local regulator
IV treat others fairly at all times
A) I, II, III and IV above
B) III only
C) I, II, and IV only
D) I, II, and III only
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
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