Q.State and explain the difference between insurance and hedging Insurance is generally an action taken to offset the impact of a negative event. Taking out insurance is a bet that something bad may happen and that protection against it is needed. Hedging is a type of insurance. However‚ hedging is a markedly different method of insurance from home‚ auto and flood insurance. Hedging refers to any series of actions taken to offset the potential risk of losses on a financial investment. Medical‚ home
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form of uncertainty about an outcome in a given situation. An event might occur and if it does‚ the outcome is not favourable to us. Risk can be contrasted with the word chance which implies some doubt about the outcome in a given situation; the difference is that the outcome may also be favourable e.g. risk of an accident‚ chance of winning a bet etc However in common business conversations the word risk is used to mean different things: i) Risk as cause e.g. fire as a risk‚ Personal
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a flood insurance plan. In the year 2005 the National Flood Insurance Plan (NFIP) had paid out close to 16 billion. The premiums paid by the 5 million have only surmounted to 2 billion‚ therefore the NFIP has the ability to reach out to the US Treasury. With the US Treasury enabling the NFIP to meet its financial obligations‚ the financial obligations are becoming the obligation of the taxpayers (GAO‚ 2005) (Wells‚ 2005). The goals of the NFIP are “to provide property flood insurance coverage
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What was the economic rationale for the implementation of the Stability and Growth Pact (SPG) when the single currency was launched? To what extent is the SGP now redundant? The Maastricht Treaty of the European Union signed in 1992‚ established a set of convergence criteria which had to be met by each Member State before it could adopt the Euro. This was to ensure that economic development within the Economic and Monetary Union (EMU) is balanced so that all Member States joining the Euro entered
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The status of women in India has been subject to many great changes over the past few millennia.[4][5] From equal status with men in ancient times[6] through the low points of the medieval period‚[7] to the promotion of equal rights by many reformers‚ the history of women in India has been eventful. In modern India‚ women have held high offices in India including that of the President‚ Prime Minister‚ Speaker of the Lok Sabha and Leader of the Opposition. As of 2011‚ the Speaker of the Lok Sabha and
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ANSWERS TO STUDY QUESTIONS CH 1 1. Why is management important to society? For a society to survive and prosper there must be maintained efficient and effective management of the production of goods and services. 2. Why is management important to individuals? The management function is a source of employment to 18% of the growing work force. It offers good salaries‚ status‚ and opportunities for personal growth. 3. What is the role of the manager? The role of the manager
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Technology (IT) in insurance Date: August 18‚ 2009 Abstract This report investigates the role of information technology in insurance sector and examines that how information technology affects insurance sector. What are insurance and brief history of the insurance and its types and the concept of insurance in Islam? Role of information technology in insurance sector The discussion then focuses on the advantages and disadvantages of Information technology use today in insurance sector and the reasons
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1. How did the Affordable Care Act (ACA) attempt to expand access to health insurance? (Kaiser Family Foundation Summary of the ACA handout and the NY Times article). According to the (Kaiser Family Foundation Summary of the ACA handout and the NY Times article) Medicaid is expanding where more Americans will be eligible for medicaid‚ to all low income people who are under the age 65‚ so mostly adults‚ pregnant women‚ children‚ parents and etc. to get the care they need so that for example a family
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particular perspective can be correct and in this case that would be the Euro-American perspective. If one were to analyze the reason for the subaltern status of Latinos‚ the answer would be quite simple. Latinos lie within what is considered to be a subaltern status because Anglo colonizers put them in that position. In this case subaltern status refers to living outside of the circle of hegemony. Stereotyping is often a useful tool during the process of putting down a whole people. Stereotyping
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International Association for the Study of Insurance Economics 1018-5895/10 www.palgrave-journals.com/gpp/ Insurance Development and Economic Growth* Liyan Hana‚ Donghui Lib‚ Fariborz Moshirianb and Yanhui Tiana a School of Economics & Management‚ Beihang University‚ Beijing‚ China. School of Banking and Finance‚ The University of New South Wales‚ Sydney‚ Australia. E-mail: donghui@unsw.edu.au b This paper investigates the relationship between insurance development and economic growth by
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