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The correct answer is C. Inflation affects both the cost of claims and the exposure, which must be considered. Inflation increases the cost of repairs, medical treatments, and other expenses related to claims. It also can increase the value of insured property, impacting the exposure.
Recently, which ministry issued an advisory to the Artificial Intelligence industry?
In which city did the Tibetan Spiritual leader Dalai Lama inaugurate the three-day International Sangha Forum 2023?
Which organization recognized the 24 tsunami-prone coastal villages of Odisha as Tsunami Ready?
Match the following women with their achievements:
Which of the following statements is/are incorrect?
1. PMAY-U 2.0 was approved by the Union Cabinet on 9 August 2024.
2. The scheme aims t...
The Government of India recently authorized what percentage of Foreign Direct Investment (FDI) through the automatic route for the aircraft maintenance,...
Which organization signed a contract to develop and supply the "Aravalli" helicopter engine in August 2024?
The Prime Minister has released the 15th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme transferring an amount of _______ to m...
Which missile did DRDO successfully test-fire as a tactical ballistic missile?