Basic Indicator approach (BIA): Banks using this approach, bank must hold capital for operational risk equal to the average over the previous three years of a fixed percentage of positive annual gross income. Formula: KBIA= (Sigma (GI...n * alpha)/n · KBIA - capital charge under BIA, · GI annual gross income, · n - number of previous years ( Eg:3) · Alpha factor =15% is set by Basel Committee relating to the industry wide level of required capital
Customer feels good irrespective of product he experiences ?
One of the methods of reducing insurance cost of an insured is __________.
A policy that covers the loss of profits due to damage to machinery is:
If the total premium is Rs. 50,000 and the Limit of Liability is Rs. 20,000,000; what is the rate on line?
The conversion of the account balance of a deferred annuity contract to income payments is termed as?
A form of liability insurance providing coverage for negligent acts and omissions such as workers compensation, errors and omissions, fidelity, crime, ...
What is a coverage designed to protect businesses from liabilities that arise from the conducting of business over the Internet, including copyright inf...
The 'No-Claim Bonus' is a discount offered by insurers for:
What is the primary function of a reinsurer?
The principle of construction ensures:
