a) Describe briefly the role 5 service providers in the insurance market? [10 marks] b) Explain the.
|
a) Describe briefly the role 5 service providers in the insurance market? |
[10 marks] |
|
b) Explain the main importance of national social security fund to Kenyans. |
[10 marks] |
QUESTION THREE
Describe 10 challenges facing insurance industry and how they can be addressed with clear examples. [20 marks]
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QUESTION FOUR
The data below relate to a business organization under different economic conditions and probability. Calculate the variance, standard deviation, covariance, correlation coefficient and coefficient of variation of revenues and costs and analyze your results briefly?
|
Economic conditi |
oCosts | Revenues |
probability |
|
High growth |
5,000 |
10,000 |
0.45 |
|
Normal growth |
6,000 |
7,000 |
0.30 |
|
Low growth |
5,000 |
4,000 |
0.25 |
