Question
What does IBNR stand for in insurance?
Solution
IBNR in insurance stands for "Incurred but Not Reported." It represents the estimated amount of claims that have already occurred but have not yet been officially reported to the insurance company. This is an essential concept in insurance for financial planning and setting reserves to cover potential future claims.
In the following questions each sentence is divided into four parts. Read each sentence to find out if there is any error in it. The error, if any, wil...
The central government has come up with a cash voucher scheme to encourage people to spend their savings on good.
Spot the grammatical errors in the given sentence. Mark the part with error as your answer. If there is no error, mark "No error" as the answer. (Ignor...
The fall in (A)/the number of deaths from heart disease (B)/are generally attributed to (C)/improvements in diet (D).
I and you must meet often to be updated about each other.
Even through the detector had been built and was functional , the theory had to be developed .
...Identify the segment in the sentence, which contains the grammatical error.
The list of candidates to be called for the interview were put up on the board.
My father, (A)/ though old,(B)/ goes everywhere by foot.(C) No error(D)
- In the following question, a sentence is given, divided into 4 parts. Out of the other four parts, one part contains an error. Mark the option containing t...
Surveys and anecdotal evidence (A)/of higher attendance on (B)/‘egg days’ point to the (C)/ popular of the scheme among the beneficiaries (D).
Relevant for Exams:
