Question
X1 and X2 represent number of occurrences of event A
and 8 that follow Poisson distribution with mean rate λ1 and λ2 , If Y1 and Y2 are inter-occurrence times of event A and B, then min(Y1, Y2 ) follows 1.      Exponential distribution with mean rate min (λ1, λ2 ) 2.      Exponential distribution with mean rate (λ1 + λ2 ) 3.      Poisson distribution with mean rate (λ1 - λ2 ) 4.      Poisson distribution with mean rate (λ1 + λ2 )Solution
The correct answer is B
A single insurance policy that combines several coverage previously sold separately is termed as?
How many part-time members is appointed by the Government of India in the Composition of IRDAI?
A retrocessionaire is:Â
What term applies to conditions that must be met before the insurer’s obligations arise?Â
A policy that covers loss or damage to a shopkeeper's property and business interruption is:
Customer feels good irrespective of product he experiences ?
This broad type of coverage was developed for shipments that do not involve ocean transport is known as?
The role of a risk engineer in the insurance process is to:Â
Which of the following is NOT a typical type of insurance claim?
Which is not a General Insurance company?
