FOUNDATION EXAMINATION (SYLLABUS 2008) SUGGESTED ANSWERS TO QUESTIONS JUNE 2012 Paper-1 : ORGANIZATION & MANAGEMENT FUNDAMENTALS Time Allowed : 3 Hours Full Marks : 100 The figures in the margin on the right side indicate full marks. SECTION - I Answer Question No. 1 which is compulsory and any one question from the rest of Section I. Q. 1.(a) Do you agree with the following statements? Write ‘Yes’ or ‘No’ giving proper reasoning in support of your answer. No mark will be awarded for
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In this paper‚ we will discuss Geico Insurance and how its marketing mix operates in the insurance industry. We will describe the four elements of the marketing mix‚ more commonly known as the 4P’s. Next‚ we will describe how each one of the four elements affects the development of Geico’s marketing strategy and tactics. Last‚ we will describe how each element is implemented in Geico’s marketing strategy. Geico Insurance Geico Insurance was founded in 1936 by Leo Goodwin‚ Sr. and his wife
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China Life Insurance Company Limited is the biggest life safety net provider in the People’s Republic of China. The organization offers singular disaster protection‚ bunch life‚ mischance protection‚ and medical coverage strategies. China Life orders 45 percent of that market‚ and holds the main position in 29 of the nation’s 31 noteworthy markets—just Shanghai and Beijing‚ where the organization in any case is number two‚ get away from its strength. Shaped from the separation of previous government-claimed
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1. Introduction Today‚ life insurance actually the one of everybody needs. As we know‚ it is a type of financial protection to anyone who bought it. Basically‚ life insurance is an agreement between insurance policy holder and insurer‚ where the insurer promises to pay an amount of sum assured to beneficiary upon the death of the life insured. In other words‚ an individual’s pure risk is shifted to insurer in the consideration of premium paid by the policyholders. The premium is either paid regularly
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1. 1.1. 1.2. 1.3. Asia-Pacific Insurance Industry Industry Introduction Asia-Pacific Insurance Market Size by Direct Written Premium‚ 2005-2012P Asia-Pacific Insurance Market Segmentation 1.3.1. By Geography‚ 2005-2012P 1.3.2. By Life and Non Life‚ 2005-2012P 1.4. Asia-Pacific Insurance Industry Future Outlook 1.4.1. By Geography‚ 2013-2016 2. 2.1. 2.2. 3. 4. 4.1. 4.2. 5. 5.1. 5.2. Australia Insurance Industry Australia Insurance Value Chain Australia Insurance Market Size by Direct Written
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Study on Heart-Healthy Insurance Information Security Policy Shijo Philip Western Governers University Heart-Healthy is a large health insurance company. It is often necessary to review and revise information security policies of the company to meet with updated policy changes‚ system changes‚ personal changes and audits. Information security professionals are responsible for ensuring the security policy in the company‚ checking in compliance with current information security laws and
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Your Business Offer Health Insurance? Since the introduction of the Affordable Care Act (ACA)‚ health insurance has changed drastically. If you operate a business‚ a lot of these changes affect you‚ regardless if you offer health insurance or not. If you are considering offering health insurance to your employees‚ then you should take these changes into account along with other information that may affect your decision. Certain Employers Are Required to Offer Health Insurance Once the ACA became law
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No-matter Car Insurance No-matter car insurance is scope which works under the rule that no single driver was at inadequacy in a car accident. Thusly no blemish is determined in a minor accident and each hurt social affair will record a case with their own specific individual car insurance association for damages. Case in point‚ if Robert and Susan get in a heap up‚ Robert will report a case with his insurance association and Susan wile record a case with hers paying little regard to who was at defect
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Student ID-2226357 DE-TARIFFING OF MOTOR INSURANCE – ITS IMPACT ON GENERAL INSURANCE INDUSTRY AND INDIAN ECONOMY Abstract Indian general insurance industry has encountered a radical change by being de-tariffed after 4 decades of tariff regime. Such a change did have a lot of impact on the premium growth‚ way of operation‚ profitability and loss ratios of the general insurance industry. This change fueled innovation in the general insurance industry which was deprived for past 4 decades
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California Credit Life Insurance Case Study The California Credit Life Insurance was incorporated in Los Angeles in 1971. This insurance company’s product line includes various types of insurance such as health‚ professional‚ automobile‚ liability‚ pension‚ and retirement programs‚ commercial packages‚ and other related financial services. Within this company‚ there are 15 regional offices and 230 sales representatives. The salesforce contains about 1/3 female. The company seems to be facing serious
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