MODULE I – INSURANCE LAW
3. Nature of Insurance
Legal contract giving risk transfer + financial security.
Contractual Agreement–legal contract; Risk Transfer–risk to insurer; Cooperative Device–many pay premium; Uncertainty–future event; Good Faith–true disclosure.
4. Historical Development
Ancient loss sharing → Marine first → Fire after Great Fire of London → India 1818 Oriental Life → 1956 Life Insurance Corporation of India → 1999 Insurance Regulatory and Development Authority
MODULE I – INSURANCE LAW (CHIT CONTENT IN ENGLISH WITH ONE LINE DESCRIPTION)
3. Nature of Insurance
Insurance is a legal contract that transfers risk and provides financial security.
4. Historical Development of Insurance
Insurance developed...
This triggered the July Crisis.
Schlieffen Plan
Defeat France quickly, then Russia.
a) What is data architecture?
Data architecture is the structured design of data systems, defining collection, storage, integration, and management for efficient use.
b) Define sensor data.
Sensor data is information collected automatically from devices measuring physical conditions like temperature, pressure, motion, or environment changes.
c) What are outliers in a dataset?
Outliers are data points significantly different from other observations, often caused by errors, variability, or rare unusual
Law - Order or pattern of rules that society uses to govern the conduct of individuals and their relationships. Consists of body of principles that govern conduct and can be enforced in courts or administrative agencies. Also called bundle of rights
Rights - Legal capacity to require another person to perform or refrain from performing an act. Rights come from Constitution, state constitutions, fed and state statutes and regulations, ordinances in local levels (cities, counties and boroughs).
1.explain the design of data architecture for data analytics?
Data architecture for data analytics refers to the structured design of how data is collected, stored, processed, and accessed to support analytical needs and decision-making. A well-designed architecture ensures data is reliable, scalable, and easily available for analysis.
These are the origins of data such as:
Databases (ERP, CRM systems)
Web applications and mobile apps
Sensors and IoT devices
External APIs and third-
1.explain the applicatiom of analytics in various business domains?
Analytics plays a crucial role across various business domains by helping organizations make data-driven decisions, improve efficiency, and gain competitive advantage. Its applications can be seen in the following areas:
Marketing and Sales:
Analytics is used to understand customer behavior, preferences, and buying patterns. Businesses apply predictive analytics to forecast demand, segment customers, and personalize marketing
An operating system (OS) is system software that acts as an interface between the user and computer hardware. It manages resources like CPU, memory, and input/output devices. It also provides a platform for application programs to run efficiently. Examples of operating systems include Linux and Windows. File systems like FAT32 and NTFS are used to store and manage data on storage devices.
Linux is an open-source operating...
Renesans: Europa: (od wynalezienia druku) XV w., Polska XVI w. Rzeźbiarze: Michał Anioł( rzeźby: Mojżesz, Dawid) naga sylwetka, popiersie, posąg konny) Cechy budowy: symetria, harmonia, antyczne kolumny, łuki półkoliste, kopuły, arkadowe dziedzińce, oparta o kształty, proporcjonalność. Malarze: Leonardo da Vinci - Człowiek witruwiański - obraz ukazuje idealne proporcje człowieka, Michał Anioł, Rafael Santi, Sandro Botticelli(Wiosna - obraz ukazuje bogów greckich) (proporcje