How operational risk is measured?

Basel Committee on banking supervision has adopted a common industry definition of operational risk. Operational risk is defined as the risk of direct or indirect loss resulting from breakdowns in internal procedures, people, system and external events. Examples of operational risk are frauds, system failure, error in financial transactions, failure to discharge demand of contractual…

How to buy various types of insurance policies?

(This post explains on various types of insurance policies available in the market like LIfe Insurance policies, Health insurance policies, Property Insurance policies including plant and machinery, boiler, shipping insurance, stock of goods etc. and conditions and clauses to be verified by the buyers  before buying them). For many average insurance policy buyers verifying conditions and…