whichonline insurance broking portal inked a partnership with Uber for carinsurance? ?->(Show Answer!)

1. whichonline insurance broking portal inked a partnership with Uber for carinsurance?

Answer: Coverfox CarInsurance

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MCQ-> Read the following passages carefully and answer the question given below them Certain words/phrases have been printed in bold to help you to locate them while answering some of the question.Despite the economic crunch worldwide that saw pulverization of some of the largest banking and finance giants Indian banking houses have managed to show positive growth this quarter. Some of India’s leading national banks have posted a net profit rise of more than 40% over the last quarter amid global turmoil This would come as a “big short in the arm” for the investors and consumers of these banking even though apprehension is mounting on other banking and broking firms worldwide One of the main reason behind the success of these banks this quarter would be their direct backing by the Government of India. People take solace in their investments in public sector watching the bailout packages being cashed out by governments all over the world to save big business houses Other privates banks in India have also reported a substantial net profit over last quarter Given the international and domestic scenario one cannot put this down as a mundane achievement While others are on a cost cutting spree and firing employees Indian companies are actually working on boosting staffing in banking and broking sectors This can be seen as a big boon in the days to come when the current recession eases and the economy gradually comes back on to the fast track The finance minister has assured Indian public about the second.This could also be evident from the fact that their have been no mergers and takeover in Indian banking sector in a contrast to world scenario where finance houses are looking for mergers and takeovers India banking sector in a contrast to world scenario where finance houses are looking for mergers to cut costs on operation We definitely are not looking to thrive rather we are looking for growth It is just that the pace of growth is a little slow now as compared to a year or two before These are hard times to test the hard The weak in business and career will be weeded out and it is sometimes very beneficial for business in the long runWhat according to the author is the reason for the success of Indian national banks in this quarter ?
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MCQ-> Read the following passage carefully and answer’ the questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.Since its creation in the 17th century, insurers have amassed policies in each class of risk they cover. Thanks to technology, insurers now have access to more and more information about the risks that individuals run. Car insurers have begun to set premiums based on how actual drivers behave, with “telematic” tracking devices to show how often they speed or slam, on the brakes. Analysts at Morgan Stanley, a bank, predict that damage to insured homes will fall by 4060% if smart sensors are installed to monitor, say, frayed electrical wiring. Some health insurers provide digital fitness bands to track policyholders’ vital signs— and give discounts if they lead a healthier life. But the data can °lily go so far. Even the safest driver can be hit by a falling tree; people in connected homes still fall off ladders, but the potential gains from smart insurance are large. First, giving people better insights into how they are managing risk should help them change their behaviour for the better. Progressive, an American car insurer, tells customers who use its trackers where they tend to drive unsafely; they crash less often as a result. Second, pricing will become keener for consumers. The insurance industry made $338 billion in profits last year. More accurate risk assessment should result in lower premiums for many policyholders. Third, insurers should be able to spot fraud more easily, by using data to verify claims.But two worries stand out. One is a fear that insurers will go from being companies you hope never to deal with to ones that watch your every move. The other, thornier problem is that insurers will cherry pick the good risks, leaving some people without a safety net or to be taken care of by the state. Forgone privacy is the price the insured pay for receiving personalised pricing. Many people are indeed willing to share their data, but individuals should always have to opt in to do so. Some worry that this safeguard may not be enough; the financial costs of not sharing data may be so great that people have no real choice over whether to sign up. The second concern is the worry that more precise underwriting will create a class of uninsurable people, selected out of insurers’ businesses because they are too high a risk. For some types of cover, that would be a reasonable outcome. People who choose to drive like maniacs should have a hard time getting insurance. By the same token, it makes sense to offer rewards, in the form of discounts to premiums, to customers who behave well. Incentivising people to eat better, exercise regularly, drink in moderation and avoid smoking would reap huge health dividends. Where things get harder is with risks that individuals can not control. There are few things that people have less choice about than their genes. One option is to distort the market by requiring insurers to be blind to genetic data. In 2011, for example, Europe banned insurers from using gender to calculate annuities. Now that a man’s shorter lifespans are no longer taken into account that has led to lower payments. Until the interplay between nature and nurture is better understood, it is right to be cautious. Insurers should be able to take note of customers’ behaviour, but not exploit information from genetic testing. However, as data analysis and the understanding of genetics improve, that line will only become harder to hold.Which of the following can be said about the insurance industry ?
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