..................................................................................................... 5 3.2 Disadvantages................................................................................................................ 6 4. Applications ............................................................................................................................ 8 4.1 Characteristics ............................................................................................................... 8 4.2 Interpretation and Application in Hong Kong ............................................................. 9 5. Conclusion .......................................................................................................................... 10 6. Recommendations .............................................................................................................. 10 1 1. INTRODUCTION The Incontestable Clause is a provision in a life insurance policy that precludes the insurer from alleging that the policy, after it has been in effect for a stated period (typically two or three years), is void because of misrepresentations made by the insured in the...
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...Inflatable Amusement Ride Safety An Interactive Qualifying Project Proposal Submitted to the Faculty Of the WORCESTER POLYTECHNIC INSTITUTE In partial fulfillment of the requirements for the Degree of Bachelor of Science by ____________________________ Joseph Sceviour ____________________________ Jennifer Hosker ____________________________ Courtney Hardy In partnership with the United States Consumer Product Safety Commission. In cooperation with: Mark Kumagai Director, ESME Directorate for Engineering Sciences U.S. Consumer Product Safety Commission ____________________________ Professor El-Korchi, Co-Advisor ____________________________ Professor Servatius, Co-Advisor Unless otherwise stated, any views or opinions expressed in this report are solely those of the authors and do not necessarily represent those of the U.S. Consumer Product Safety Commission or Worcester Polytechnic Institute. Submitted on: 1/11/2006 1 Abstract This report, prepared for the U.S. Consumer Product Safety Commission (CPSC) of Washington, D.C., outlines our approach to investigating the increase in injuries related to inflatable amusement rides. Using data from surveys, interviews, injury databases, archival research, and product testing, we completed three goals: We developed a five category system to classify inflatable amusement rides; determined ways the CPSC and other involved parties can improve the safety of inflatable rides; and recommended how future CPSC investigations...
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...Dec 07, 2015 Executive summery Exporting is a challenging job in the garments sector. Now it’s an adopting concept in garments industry. In this regard commercials play an important role in the RMG manufacturing company. The Commercial Officer is an executive-level position whose occupant is responsible for the commercial strategy and development of an organization. It typically involves activities relating to marketing, sales, product development and customer service to drive business growth and market share. As a corporate officer position, the commercials generally reports directly to the chief executive officer (CEO) and is primarily concerned with ensuring the integrated commercial success of an organization. The role typically must combine technical knowledge of the relevant field with strong marketing and business development skills. This means that they are closely linked to the organization's strategic management function, in drafting, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives. Merchandiser has to understand the buyer’s requirements after receiving specification in the sample order. In many cases, there are modifications pertaining to the specifications in the order to dispatch on time and the right quality. He has to talk with the in-house veterans on the execution problems of sample orders, as the right information is required in decision making...
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...The Effects of Uninsured Driving on Motor Insurance Business Abstract Driving a motor vehicle without insurance cover is an offence that has an effect on motor insurance business. Despite the fact that Malta is, like other countries, affected by the issue of uninsured driving accidents, data on the subject is very limited. As a result, the effects of uninsured driving on insurance business and society are not fully known or understood. Likewise, the views of those concerned with the problem are not toally clear. This research study goes a long way to identify the effects of uninsured driving on the motor insurance industry. Local and European legislation concerning uninsured driving, together with primary data collection through questionnaires provide an enhanced understanding of uninsured driving from a local viewpoint. The incidence of uninsured driving in Malta appears to be increasing the burden of the costs is being incurred by honest policyholders and by insurance companies. The findings suggest that the public is not sufficiently aware of the consequences of driving without insurance and the local insurance industry does not have adequate measures to calculate the incidence rate of uninsured driving. In spite of the fact that it appears that the victims of uninsured driving are being well-served by the current compensation system, improvements can be implemented, especially with regards to how the system is funded. love and faith in me. Special...
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...budgeting and planning process. Unit-III Sources of development finance; institutional finance to entrepreneurs; working capital management; incentives and subsidies; policies governing entrepreneurship; role of a consultancy organization. Unit-IV A review of project performance; post evaluation approach; community participation in projects; SWOT analysis; managing risk and exposure. Suggested Readings: 1. 2. 3. 4. Note: 1. 2. Four case studies will be discussed in a paper by the concerned teacher in the class. Instructions for External Examiner: The question paper will have two sections. Section ‘A’ shall comprise eight questions (two questions from each unit). The candidates will be required to attempt four questions (selecting one question from each unit). Section ‘B’ will contain one CASE STUDY which will be compulsory. All five questions will carry equal marks. Chandra, P., Project Planning Analysis, Selection, Implementation and Review, Tata McGraw Hill, New Delhi. Hedemey, J.W., Control and Management of Capital Projects, John Wiley, New York. Wysocki, R.K., R. Bick and D. B. Crane, Effective Project Management, John Wiley and Sons, USA. Vasant Desai, Project Management, Himalaya. Only latest editions of the above are recommended. Written Exam: 70 Internal Assessment: 30 Time: 3 Hours Entrepreneurship Development Paper Code: 3.2 Unit-1 Nature and dimensions of entrepreneurship; creativity, innovation and entrepreneurship; entrepreneurship versus...
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...Health Status and Health Care Services in Germany with comparison to the United States Table of Contents Table of contents………………………………………………………………………………… 2 Introduction…………………………………………………………………………………… 3 Statistics Show…………………………………………………………………………………... 4 WHO Health Stats for US……………………………………………………………….. 4 WHO Health Stats for Germany…………………………………………………………. 4 The Big Little People Problem…………………………………………………………………... 5 The Errors of Youth…………………………………………………………………………… 5 “Battle of the Fatties”…………………………………………………………………….. 5 For the Public, By the Public…………………………………………………………………... 6 Drug Abuse Care……………………………………………………………………….... 6 Care for the Mentally Ill…………………………………………………………………. 7 Drug Related Death Rates……………………………………………………….. 7 Suicide Rates…………………………………………………………………….. 7 A Time to Die……………………………………………………………………………………. 8 The Part of Life that is Death…………………………………………………………… 8 The Part of Death that is Fear…………………………………………………………… 8 Conclusion………………………………………………………………………………………. 9 References……………………………………………………………………………………… 10 Introduction The long held belief that the United States is the greatest country on earth has been debated in recent years. Domestic terror attacks, stock market crashes, and a deep recession have challenged the standing of the US amongst other nations. As the US is rebounding from these domestic problems, it is in a legislative battle to reform a long failing health care system. In comparison to European countries...
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... Table of content Assignment 1 Introduction………………………………………………………………...3 1.1 An explanation of risk management……………………………............................3 1.2 how risk management affects different business functions………………………3 1.3 evaluation of methods of assessing risk in business……………………………...4 2.1 evaluation of approaches to managing risk in business…………………………4 Assignment 2 Risk assessment………………………………………………………5 3.1 All the main drivers of business risk…………………………..6 3.2 Impact of the different types of risk…………………………….7 3.3 of severity and likelihood of risk…………………………...8 3.4Suggested risk management strategies…………………………………9 4.1 Approaches to crisis management…………………………………………10 . 4.2 Impact of breaks in business continuity…………………………………………10 Conclusion…………………………………………………………………………11 References………………………………………………………………………….12 Risk Management Introduction: Risk management is an important concept mainly aims at identification, assessment, and prioritization of events that may have an adverse impact on the organization. It can be considered as a very powerful strategic tool and has become more prevalent in recent decades due to rapid growth in industrial sector. 1.1 An explanation of risk management Risk management may be the process of identifying, quantifying, and managing the risks makes fish an organization faces. As the final results of business activities are doubtful, they are said to involve some element...
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...neighborhoods. These traditional efforts are what we call reactive--that is, they minimally address fitness levels then when illness or injury occurs, public assistance and basic health aide is provided as both solution and treatment. Our approach, which emphasizes prevention and good health promotion, is much more proactive. By helping school age youth change their behavior patterns and choose more healthy and active lifestyles, NextGen will lower parent’s health care expenditures and subsidies provided by healthcare organizations, while raising academic productivity. Health care expenditures will decrease due to reduced medical insurance premiums, reduced risk of obesity, reduced physical injuries and removal from prescription drugs that currently address these issues. 2. Situational Analysis Next Gen Fitness is a start-up company seeking to promote fitness and health reformation to youths and adolescents living within urban America city limits. NextGen staff consist of 14 professionals with backgrounds in fitness, nutrition, psychology and sports medicine. Our unique ability to serve this customer base is all the employees come from the same environment and have a...
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...pricing progress 9 2.3 Analyze the purchasing process 10 The demand of equipment and supplies 11 LO3 Devising menus for hospitality events 12 3.1 Compiling food and beverage menus for hospitality event 12 3.2 Justification of the selection and suitability of recipes for menus 13 LO 4 Being capable of providing food and beverage services for hospitality events. 14 4.1 Planning food and beverage service for a hospitality event having a budget 14 4.2 Implementation of the planned service standards of quality and health, safety and security 15 4.3 Evaluation of the factors determining the success of the service and recommendations for improvement 15 4.31 Recommendations 16 5.0 Conclusion 16 6.0 References 18 Food and Beverage Operations Management LO 1 Food and beverage production and service systems: 1.0 Introduction The paper presents the application of concepts learned in class on food and beverage services system. It discusses a case study of Mr. Brown. He is a client who has requested for...
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...courses to spur economic growth and produce dynamic Managers and Leaders for Africa and the World. This module has been developed for use in the Management University of Africa ODEL Programme by Isabella Sile. She is a lecturer at the Management University of Africa, School of Management and Leadership. Ms. Sile is currently pursuing her PhD in Business Administration –Finance at The University of Nairobi. MODULE OVERVIEW. This module is developed for student taking the course unit “Risk and Insurance Management” in the Bachelor of Management and Leadership Programme. The module follows the outline given below. (Note: Assignments are issued separately) BMT 302 : RISK AND INSURANCE MANAGEMENT. Credit hours: 3 hrs 1.0 COURSE PURPOSE This course equips the learner with skills and knowledge in managing risk and insurance practice and its effects. 2.0 COURSE LEARNING OUTCOMES At the end of this course, the learner should be able to: 1. explain the meaning of risks in insurance; 2. distinguish between the different...
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...Project Synopsis Project Title Database and Service oriented framework for supporting / powering large volume of data Project Category NNdfdf Web Services Location of Implementation Sardar Patel Institute of Technology, Munshi Nagar, Andheri(W), Mumbai-400 058 Mumbai-400 058 Number of Team-Members 2 Project Description This project is aimed at efficient accessing of a service oriented framework for supporting a voluminous database. This database is a large media database which would provide the client with media files using these framework services. The performance of these services is improved by adding caching mechanism to the system. Languages Used C, Memcache utility & library, PHP. Abstract Nowadays, efficacious accessibility of data stored in large databases is a major aspect of any system which needs to access data stored in such databases especially over the web. In this project report, we first study an existing service oriented framework for supporting a voluminous database created by Mime360. This database is a large media database which would provide the client with media files using these framework services. The main purpose of this system is to provide accessibility...
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...THE SCIENCE OF RISK Company Profile Verisk Analytics (NASDAQ: VRSK) provides information about risk to professionals in many fields, including insurance, healthcare, financial services, supply chain, and others. Through its renowned ISO brand, the company has delivered data, analytics, and decision support services for the property/casualty insurance industry for more than 40 years. Using advanced technologies to collect, analyze, develop, and deliver information, Verisk Analytics helps customers evaluate and manage risk. The company draws on vast expertise in actuarial science, insurance coverages, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, Verisk Analytics employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com. Financial Highlights Revenues $ Millions 1,500 GR CA .5 = 14 % Adjusted EBITDA $ Millions 700 600 500 1,200 GR CA 5. 3 =1 % 900 400 300 200 600 300 100 0 2008 2009 2010 2011 2012 0 2008 2009 2010 2011 2012 2012 Sources of Revenues 2012 Revenues by Operating Segment Decision Analytics: 62% Property/Casualty Insurance: 32% Subscriptions and...
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...activities are subject to risk of loss from unforeseen events. To alleviate this burden to individuals, what we now call insurance has existed since at least 215 BC. This concept has been practiced in various forms for over 1400 years. In Islam, the concept of insurance is takaful. Q finance dictionary defines that takaful is a Islamic insurance in which all participants are members and contribute to a pool of funds that provide assistance in the event of loss on the part of any of the participants. It is an Islamic insurance arrangement avoids the prohibitions against gambling and interest in Islamic Law. Takaful, it originates from the Arabic word Kafalah, which means "guaranteeing each other" or "joint guarantee". It is based on the principles of ta’awan (mutual cooperation) and Tabarru’ (donation), where a group of takaful participants (policy-holders) agree between themselves to share the risk of a potential loss to any of them, by making a donation of all or a part of their takaful contribution (premium) to compensate for a loss. Takaful-branded insurance is based on Shariah, Islamic religious law and refer the principle of cooperation, not sale or exchange, and mitigates the objectionable aspects of gharar (uncertainty), maisir (gambling) and riba (interest). In conventional insurance the risk is transferred from the policyholder to the insurance company which brings the elements of uncertainty and chance in contract as one of the two a party makes a loss. Takaful is a structure...
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...------------------------------------------------- kBMS0044 ------------------------------------------------- Principles of Risk Assignment One: Risk Map and Risk Plan/Register Assignment November 2010 Outline Brief The basis of this assignment is for you to undertake an initial risk identification analysis of some significant area of a business operation OR environmental setting/issue, with the aim of producing a summary risk map and related risk plan/register. This will require you to consider for your chosen focus of study what might be key (primary) risks, how those risks may be appropriately classified and how their potential impact and likelihood might be assessed and evaluated in an objective way. The final submission will take the form of a graphical risk map (matrix) and a tabulated risk plan/register. The latter should provide for a contextualised review of the key risks, the rationale for their inclusion and for the risk assessment that you have ascribed to each risk listed. The risk map and plan are not required to show risk management responses. This assignment is worth 50% of the overall module assessment, and a guideline of 2,500 words is provided for the written (risk plan) element. Tasks within this brief: 1. Identify a suitably focussed business activity or environmental issue on which to base this assignment; 2. Identify potential risk identification and assessment techniques, and their potential limitations within...
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...the basis of my practical experience and submitted to my supervisor. The topic of the report is “HRM Practices in Shanghai JJS Garment Accessory Mfg. Co. Ltd. As a part of my internship program for my BBA I got the opportunity to do internship in a garments manufacturing company named Shanghai JJS Garment Accessory Mfg. Co. Ltd. My internship period started from 10th February 2015, and ended at 10th may 2015. In Shanghai JJS Garment Accessory Mfg. Co. Ltd I was assigned in the Human Resource department. My project topics covered the aspects of the HR department and the various issues related to it in respect to the company. The topic was approved by my university supervisor Ayesha Binte Safiullah (lecturer of University of Information Technology & Sciences (UITS). 1.2 Background of the Study It is a great opportunity to learn about the corporate culture during the internship as an Assistant Manager of Shanghai JJS Garment Accessory Mfg. Co. Ltd. I got a chance to prepare my internship report on the topic HRM Practices Shanghai JJS Garment Accessory Mfg. Co. Ltd. This opportunity helps me to learn about the administrative and HR Directorate. Shanghai JJS Garment Accessory Mfg. Co. Ltd. is a Garment company.. During the job I got enough knowledge about the functions of various departments and the functions of HR & Admin. It’s really impossible to highlight all the activities of the...
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