After reading this article you will learn about the meaning and requirement of an actuary in general insurance. Meaning of Actuary: An Actuary is an officer of any insurance company, skilled in statistics, especially on the expectancy of life and the average proportion of losses by time and other accidents. In fact the Actuary is a specialized field of a [...]
After reading this article you will learn about:- 1. Meaning of Risk 2. Types of Risk 3. Transfer. Meaning of Risk: In simple words risk is danger, peril, hazard, chance of loss, amount covered by insurance, person or object insured. The risk is an event or happening which is not planned but eventually happens with financial consequences resulting in loss. [...]
After reading this article you will learn about:- 1. Meaning of Money Market 2. Functions of Money Market 3. Need 4. Benefits. Meaning of Money Market: When we talk about any market it comes to our mind that a market consists of many shops, outlets, stalls, hawkers and now newly developed markets known as malls. Very obvious all these are [...]