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A Chief Risk Officer (CRO) is a top level executive responsible for managing risk. As such, he has an integral role in the centralized risk management structure. As such, he deals with all kinds of risks faced by the organization. The RBI defines the roles of the CRO. As per RBI, CRO shall be a senior official in the banks’ hierarchy and shall have the necessary and adequate professional qualification/experience in the areas of risk management. The CRO shall have direct reporting lines to the MD & CEO / Risk Management Committee (RMC) of the Board. In case the CRO reports to the MD & CEO, the RMC shall meet the CRO on one-to-one basis, without the presence of the MD & CEO, at least on a quarterly basis
Which type of policy is offered by an insurer for covering jewellery?
Which term referring to property coverage for the perils of burglary, theft and robbery?
When we look at claims’ trends, we look at a number of factors. Some of these are listed below. Which factor is not to be considered from this list?
A generic term applying to all types of insurance indemnifying or reimbursing for losses caused by bodily injury or illness including related medical ex...
IRDAI has introduced the concept of insurance repository in the year_____.
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
Under the Sampoorna Gram Bima Yojana, what is the minimum number of households to be covered in one village?
What is the purpose of a "No Claim Bonus" in motor insurance?
Once an insurance company has paid up to the limit, it will pay no more during that year is known as?
The amount which is payable by you during the premium paying term at regular intervals for a limited period as specified in the plan schedule is called?
