Question
What is the primary characteristic of a "soft market" in
insurance?Solution
The correct answer is B. Low premiums and increased competition. In a soft market, intense competition among insurers leads to lower premiums and more relaxed underwriting standards.
- Who has been appointed as the Chief Executive Officer (CEO) of the Anusandhan National Research Foundation (ANRF)?
- Which isotope was designated as the standard reference for measuring atomic masses?
When did Romania and Bulgaria become full members of the Schengen Area?
The visible protruding part of the throat in boys due to the growing voice box is known as what?
Kyoto Protocol is related to:
India’s first numberless credit card has been launched that will not display any card number, expiry date, or CVV number and allows customers to link ...
Assertion (A): Inflation benefits creditors more than debtors.
Reason (R): During inflation, the value of money decreases, and the real value of ...
Linthoi Chanambam is associated with which of the following sports events?
Which state in India became the first to set up a life-sized animatronic elephant named Ellie for animal welfare education?
- Who attacked and looted the famous Somnath temple in 1026 AD?
