Question

How does disclosure contribute to comparability between insurers globally?

a.

By limiting the information available to analysts

b.

By providing inaccurate and irrelevant information

c.

By being unrelated to transparency

d.

By being a necessary precursor to transparency

Answer: (d).By being a necessary precursor to transparency Explanation:Disclosure, as a necessary precursor to transparency, contributes to comparability between insurers globally.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. How does disclosure contribute to comparability between insurers globally?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the purpose of the guidelines on periodic disclosures issued by IRDA?

Q. According to the guidelines, how often are insurers required to display information based on audited statements for the last 5 years?

Q. When does the financial year ending on 31st March 2010 mark the end of the block of five years for the disclosure of past data?

Q. Which forms are for non-life insurance companies in the guidelines?

Q. What clarification does the circular provide regarding the revision of audited financial statements?

Q. What clarification is provided regarding the breakup of the motor segment in the guidelines?

Q. What is the requirement for reporting premium and claims in the guidelines?

Q. How does the guideline recommend clubbing certain items for newspaper publication?

Q. What is the purpose of providing relaxation for newspaper publication in the guidelines?

Q. When is the publication of half-yearly limited review required according to the guidelines?

Q. What is clarified regarding the computation of the Net Retention Ratio in the guidelines?

Q. What will be taken into account for the Underwriting Balance Ratio according to the guidelines?

Q. What is clarified regarding the Investment Yield (Gross and Net) in the guidelines?

Q. What is mentioned regarding the Conservation Ratio in the guidelines?

Q. How should the method of calculation of Persistency Ratio be as per the guidelines?

Q. What is confirmed regarding the L-7 Benefits Paid in the guidelines?

Q. In case of surrender, how is the computation of ageing of data done for L-39: Data on Settlement of claims?

Q. What is clarified regarding the schedule references in the guidelines?

Q. What does "L-1A-RA 'Fund Reserve'" pertain to according to the guidelines?

Q. What is clarified regarding L-30 and L-31: Related Party Transactions in the guidelines?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!