Answer-Insurance penetration measures:

Explanation The correct answer is B. Percentage of premiums to GDP. Insurance penetration is typically measured as the ratio of insurance premiums to the Gross Domestic Product GDP of a country.

Question

Insurance penetration measures:

A Premium per capita

B Percentage of premiums to GDP

C Total claims paid as a percentage of premiums

D Market share of major insurers

E None of the above

Practice Next

More Insurance Awareness Questions

The presumption of legitimacy under Section 112 is
How many words are there in Preamble?
How many officials from each participating State are nominated to represent the State in a Joint Board, under Water Prevention and Control of Pollution ...
Specific Performance of a part of the contract has been dealt with under
The President
What does the term "derivative" include according to SCRA?
Whoever commits criminal breach of trust shall be punished with__________________
As per Section 126 of the Negotiable Instrument Act, 1881, where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwi...
An auditor of a listed company shall not be appointer, if it is an individual as auditor, for __________________
What is the period of limitation if the offence is punishable with imprisonment for a term exceeding one year but not exceeding three years under the CrPC?

Insurance penetration measures:

Solution