...Computer: A computer is a general purpose device that can be programmed to carry out a finite set of arithmetic or logical operations. Since a sequence of operations can be readily changed, the computer can solve more than one kind of problem. Conventionally, a computer consists of at least one processing element, typically a central processing unit (CPU) and some form of memory. The processing element carries out arithmetic and logic operations, and a sequencing and control unit that can change the order of operations based on stored information. Peripheral devices allow information to be retrieved from an external source, and the result of operations saved and retrieved. A TYPICAL COMPUTER SYSTEM: A typical digital computer consists of: a) A central processor unit (CPU) b) A memory c) Input/output (I/0) ports Functions of Computer The main and also basic the functions of a computer is to run programs. The programs they run can help to improve humans' everyday lives. But, there are four basic functions of a Computer. They are: 1. Input Function: You input data i.e. you provide data; a set of instructions. You input data through input devices which are keyboard, mouse, scanner, etc. 2. Processing Function: The computer processing unit manipulates the data which is done by the C.P.U 3. Output Function: After processing the data the computer displays the result, it gives an output. Output devices are the monitor, in the case of visual...
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...Insurance, Risk and Market Associations 2010 Contents Introduction 3 Insurance 3 General Introduction 3 The principles of Insurance: 4 Task 1 The Irish Insurance Federation (IIF) 4 About the Irish Insurance Industry (Market) 5 The Chartered Insurance Institute (CII) and Irish Insurance Federation (IIF) 6 The Dublin International Financial Services Centre (DIFSC) 7 The Irish Brokers Association (IBA) 8 The Financial Regulator 8 Task 2 Graphs 10 Shop lifting 10 Burglary 11 Storm and High winds 11 Act of God 12 Flood 12 Fire 13 Suggested changes to reduce the theft risk 14 Conclusion 14 Bibliography 15 Introduction Insurance Insurance plays a very important role in today’s economy. Insurance is designed to protect the financial well-being of every individual and business. Without insurance we couldn’t drive cars, own our homes, run our business-because of the possible risks. General Introduction Insurance is a risk transfer mechanism which in return for a fee (‘premium’) will insure individuals or business against the risk specified. Aim of insurance is to compensate (‘indemnify’) the loss individuals or business may suffer through the occurrence of an unexpected incident, the loss that either may or may not happen. ‘Modern insurance low’ author John Birds, wrote that the beginning of insurance was developed by a commercial world in 14th century. The origins of the modern insurance contract was found...
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...life insurance is one in which one party agrees to pay a given sum upon the happening of a particular event contingent upon the duration of human life , in consideration of the immediate payment of a smaller member sum or certain equivalent periodically payment by another. The origin of the concept of life insurance, as we know it, can be traced to ancient Rome. Caius Marius a military leader created a burial club among his troops, so in the event of the unexpected death of a clubs member, other members would pay for the funeral expense. The history of life insurance dates back to 3000BC. Learned scholars expression “Yagaksheman” found in the Rig Veda refers to a sort of social welfare insurance; the ancient Aryans seem to have developed such a concept. Edwin W Kopt in his treatise origin developed and practices of livestock insurance , credits India with being the mother of insurance practices, and opines that the development started in India and after that spread to ancient Babylon. Insurance began as a way of reducing the risk of traders, as early as 5000 BC in china and 4500 BC in Babylon. Life insurance dates only to ancient Rome; burial clubs covered the cost of member’s funeral expenses and helped survivors monetarily. Modern life insurance started in late 17th century in England, originally as insurance for traders: Merchants, ship owners and underwriters met to discuss deals at Lloyds coffee house, predecessor to the famous Lloyds of London. The first insurance company...
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...instance, a patient is waived treatment costs if he is below poverty line. Another patient may seek for an air-conditioned room if he is willing to pay extra for it. The charges for basic in-hospital treatment and investigations are much less compared to the private sector. The cost for these subsidies comes from annual allocations from the central and state governments. In the greater India, the hospitals are run by government, charitable trusts and by private organizations. The government hospitals in rural areas are called the (PHC) primary health center. Major hospitals are located in district head quarters or major cities. Apart from the modern system of medicine, traditional and indigenous medicinal systems like Ayurveda and Unani systems are in practice throughout the country. The Medical Council of India regulates the Modern System of Medicine, whereas the Alternative systems recognized by Government of India are regulated by the Department of AYUSH (an acronym for Ayurveda, Yoga, Unani,...
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...intermediation In a market economy, the savings - investment into the process is carried out around the financial intermediaries to financial intermediation of savings into investment in the basic process of institutional arrangements. The basis of the existence of financial intermediaries such as the field has been the concern of financial. Financial intermediaries to discuss the issue, we must first make the meaning of the definition of financial intermediaries. Financial intermediation by the banking financial intermediaries and the general non-bank financial intermediaries form, specifically including commercial banks, securities firms, insurance companies, and information consulting services and other intermediary institutions, finance is the core of modern economy. Books related to financial intermediation. In the modern market economy, the financial activities closely with the economy, the scope of financial activities, quality directly affects the performance of economic activity, almost all financial activities are central to financial intermediaries for the start, therefore, economic activity in financial intermediation occupies a very important position. With the degree of economic and financial deepening and economic globalization, the rapid advance, the financial intermediary itself a very complex system, and the system operating conditions for the healthy...
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...temperature and precipitation occurrences. Meteorologists mainly use the subjective form of probability due to the reason that the weather and the climate are rather nonpredictable phenomena(harvard pdf). In this application of probability, meteorologists use a combination of past occurrences and patterns along with their own knowledge of the nature to which the weather works, to create probabilities, and later statistics, on the weather. Accordingly, the weather forecast, specifically precipitation, is commonly given in the form of a percent which is derived from using the formulas from probability theory(Harvard pdf). This ability to determine possible and likely weather patterns for the near futures is an extremely useful benefit from the modern use of probability theory in...
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...of LIC of India & private Life Insurance companies in India. Introduction: The Indian life insurance industry has its own origin and history, since its inception. It has passed through many obstacles, hindrances to attain the present status. Insurance owes its existence to 17th century England. In fact, it took shape in 1688 at a rather interesting place called Lloyd's Coffee House in London, where merchants, ship-owners and underwriters met to discuss and transact business. The first stock companies to get into the business of insurance were chartered in England in 1720. The year 1735 saw the birth of the first insurance company in the American colonies in Charleston. In 1759, the Presbyterian Synod of Philadelphia sponsored the first life insurance corporation in America for the benefit of ministers and their dependents. Life insurance in its modern form came to India from England in 1818 with the formation of Oriental Life Insurance Company (OLIC) in Kolkata mainly by Europeans to help widows of their kin. Later, due to persuasion by one of its directors (Shri Babu Muttyal Seal), Indians were also covered by the company. However, it was after 1840 that life insurance really took off in a big way. By1868, 285 companies were doing business of insurance in India. Earlier these companies were governed by Indian company Act 1866. By 1870, 174 companies ceased to exist, when British Parliament enacted Insurance Act 1870. These companies however, insured European lives....
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...Care History Jhameka Quarles HCS/440 April 15, 2013 Kathleen Guluszka Health care economics has progressed drastically since the early ages of time when health acre services were being offered to consumers. In the early age medical services was not as expensive as they are today in the modern era. Consumers did not have to pay expensive fees for medical services. Now and day to receive medical services on an affordable budget is a huge hassle for the community. Many go without medical care because they are not able to afford medical services to benefit their health. In the modern era health benefits are being sponsored by government agencies and insurance companies. The government covers services for many through insurance programs like Medicare and Medicaid, in which are funded by the government. In the early ages of time the government did not cover medical benefits for consumers because consumers were responsible for providing payment for medical services. Health care economics has evolved in the 20th century versus the limited care and expenses in the early age of time. Back then consumers funded their own medical expense while now there are insurance programs and government support to help the community afford medical services. Also advances in technology have helped to shape the new wave of medical services and expenses for consumers. An “ideal system” existed many years ago in the early 1900’s. The system worked well because patients covered their...
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...paper is a proposal for the new Health Care Hall of Fame Museum. The Museum will be composed of five exhibits, which are Medicare, Modern Health Insurance, Hospice, Long term care and the Public Health service. The first part of this proposal for the museum will discuss the history and impact of these health care developments on the health care system. The second part will be an overview of how these five exhibits relate to each other in the health care system. Medicare Exhibit 1 As part of the Social Security Act the Medicare Program was signed into law on July 30, 1965 by President Johnson. This program came into place because Americans over 65 could not get insurance. Created in the 1960 it was based on the private insurance system that was in use at the time. Administered by the Centers for Medicare and Medicaid Services (CMS) Medicare is purely a government program Austin and Wetle (2012). Over the years there have been many changes to Medicare to keep it relevant with the changing times for example, the Medicare Prescription Drug, Improvement, and Modernization Act of 2003. People can become qualified to receive Medicare by three different ways, be over the age of 65 and eligible for Social Security benefits, be permanently disabled, or have an end-stage renal disease. Medicare brought the government into health care insurance business. Before the program it was hard for people over the age of 65 to get health...
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...dentist’s office was on May 23rd. First the dentist’s office has to work with my insurance company so that I can use their services as in the “network”. I called the insurance company and I was told some dentist’s offices that are in the network. I went to the closest one. As all the businesses do, they had a systematic set of steps that employees perform to serve a customer. I went through the following steps: I called to make an appointment, somebody answered the phone and looked through the schedules and told me when the doctor was available. I made an appointment. The receptionist called a day before the appointment to confirm my presence. I went at that dentist’s office for the first time so I had to write down all my information, which I suppose they introduced in the computer database. The first thing they asked was the insurance card I had and they made a copy of it. They asked me to provide my credit card number and explained that it is just in case you do not pay. I argued with them because I did not want to give this information. They understood my reasons and did not insist on that. I was told to wait until the doctor finishes with the other patient. In the meanwhile the receptionist prepared a file with my name on it. A nurse called my name. She introduced me to the doctor and then showed me the room where I had to wait for the doctor. The room had the special chair with different modern technologies and a set of materials on a separate table. The doctor used...
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...Anthem has the free cash flow that provides resources to the company for expanding and developing new projects. Skilled Workforce: The company is investing substantial resource to train and motive their employees through the means of training and other learning programs. Satisfactory returns: The company is somewhat successful in the implementation of its new and current projects due to which it has made decent returns on capital expenditure by structuring new revenue branches. • Weakness Profits: The present net income proportion and the net contribution of the company is below the industry average due to which...
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...[pic] A Term Paper On ANNUITY, PROBLEMS AND PROSPECTS OF INSURANCE BUSINESS IN BANGLADESH Course Title: INSURANCE AND RISK MANAGEMENT Course Code: MKT-224 Submitted to: Dr. Md. Abul Kalam Azad Professor Department of Marketing University of Dhaka Submitted by: UNICORN Date of submission: 24th November, 2014 Group Profile |Serial |Name |Roll | |1 |Md. Shahin Hossain |04 | |2 |S.M. Fahim Uddin |20 | |3 |G.M. Sohel Bari |56 | |4 |Tapan Mandal |78 | |5 |Rony Mollah |90 | |6 |Md. Ariful Islam |92 | |7 |Sharmin Akter ...
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...Adam Thompson Bryant & Stratton Research and Writing II - ENGL 250 – 551 Dr. Sharma July 26, 2014 Insurance is a two-way legal agreement between the insurer and the customer. The customer, which may be an individual, business, or other entity, agrees to pay the premiums as required, in exchange for monetary protection from the insurer for any possible substantial loss. Customers usually obtain insurance, not to cover the trivial incidents of life or business, but to cover the potential significant losses which could be a financial hardship for them. The premiums of all customers of the insurance company are pooled together. The insurance applies statistical analysis to determine the chance that a particular event might occur to one of their customers. From this analysis they can determine the premiums which must be collected and the claims. Insurance is a very important part of modern life and business. Three health insurance companies: Healthspan, Anthem Blue Cross Blue Shield and Apex. Breaking down plans and talking about what they cover, how much they cost and where they are accepted and attempt to answer the age old question “Is people’s healthcare better depending on how much one pays?” All these packages are based on someone who makes $25,000 per year and only looking to cover just them. The prices also change depending on when they want their insurance to start and if they have to prorate for the previous month and also if the clients are a tobacco user or not...
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...Tarleton 1/29/14 Comedic communication Geicos comedic approach has a potential to increase its attractiveness toward customers. Geico, short for government employees insurance company, is an auto insurance company who’s approach to advertising follows the format most companies use in campaigning. They hook their audience by use of attention grabbing gimmicks. When a company produces a commercial, their main objectives is to get their product or whatever they are showcasing to sell which is car insurance. Geico, a major company in car insurance, has created a line of TV commercials which makes use of a variety of types of animals such as the pig, camel, and the gecko. The gecko is the most widely used animal throughout Geico commercial history. These commercials are meant to convey the ability to navigate through their websites and apps and being accessible and to pick them over other insurance company’s. Their advertisement; “Pig in a Blanket at the Football Game” is very simple, but effective. The Author’s uses a comedic and laidback approach by introducing a pig and a joke being a pig in a blanket. The commercial is set at a football game which draws in audiences that enjoy sports along with audiences that like animals. The thought of a pig at a football game is a novelty and this in itself is an attention grabber as well. The author’s positive in the sense that the commercial is helpful in fact that it is accessible and helpful for such...
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...INTRODUCTION OF INSURANCE TO NIGERIA The concept of insurance in its modern form was introduced into Nigeria by the British in the closing years of the 19th century with the establishment of trading posts in what is now known as Nigeria towards the end of the 19th century by European trading companies, mostly British. These companies started effecting their insurance with established insurers in the London insurance market. As time went on, some British insurers appointed Nigerian agents to represent their interest in the country. These agents later metamorphosed into full branch offices of their parent companies in Britain. The first branch office in Nigeria was the Royal Exchange Assurance in 1921, later followed by other British companies. Indigenous Nigerian insurers and re-insurers later followed such as NICON established in 1969 and Nigeria Reinsurance Corporation established in 1977. There are well over 200 direct insurance companies and over five professional reinsurance companies operating in Nigeria today.Most of the country’s major or large marine risks are placed in the London market and at Lloyd’s. The influence of these foreign markets and their marine insurance practices are quite substantial in Nigeria such that the Institute of London Underwriters’ (ILU) clauses are extensively used in both hull and cargo insurance business in Nigeria. The Institute clauses are drafted by the ILU and are generally revised from time to time in response to the needs...
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