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Start learning 50% faster. Sign in nowThe first pillar deals with maintenance of regulatory capital calculated for three major components of risk that a bank faces: credit risk, operational risk, and market risk. •The credit risk component can be calculated in three different ways of varying degree of sophistication, namely standardized approach, Foundation IRB, Advanced IRB and General IB2 Restriction. IRB stands for "Internal Rating-Based Approach". •For operational risk, there are three different approaches – basic indicator approach or BIA, standardized approach or TSA, and the internal measurement approach (an advanced form of which is the advanced measurement approach or AMA). •For market risk the preferred approach is VaR (value at risk).
Insurance premiums are payable in advance but the insurance company does not fully earn them until the policy period expires is termed as?
Which of the following term matches with Family Floater?
General Insurance Corporation of India (GIC) was established in:
A comprehensive motor insurance policy covers:
Insurance is primarily a method of:
Who is responsible for investigating and settling claims?
The 'Third-party liability' cover in a motor insurance policy protects the insured against:
Which of these changes would typically require an endorsement?
What is the primary function of a reinsurer?
What is the primary characteristic of a "soft market" in insurance?