Category Archives: Back To School

करने से होता है

करने से होता है…

If you have an instinct to act on a GOAL or an IDEA, immediately START within 5 Seconds else your Idiot Brain will Kill everything.

#inspiringshashi #Goal # idea # 5Seconds #Brain # Instinct #motivation #inspiring #thursday #करनेसेहोता_है

15 Words and Phrases Millennials Use But No One Else Understands | Inc.com

Millennials (also known as theMillennialGeneration or Generation Y) are the demographic cohort following Generation X. There are no precise dates when the generation starts and ends. Most researchers and commentators use birth years ranging from the early 1980s to the early 2000s.

Sometimes, it almost seems like people are speaking in Klingon.

With the advent of social media and texting came an entirely new way to communicate. It’s a mix of shorthand, conjoined words, abbreviations, and phrases that came about because of a meme or even a mistake on social media that people found funny–and useful for communicating in a digital age. Here are a few I’ve heard or discovered on social media myself. (With a special shout-out to my Twitter pals for the help.)

1. Phubbing

I’m reading an early review copy of a book by Sherry Turkle and this word comes up a few times. It means someone is talking to you while he or she is texting or on a computer. It’s a negative term only because it’s impossible for most of us to talk and type at the same time.

2. Hundo P

This phrase is fairly obvious when you think about it. It means “a hundred percent” or that the person using the phrase is supportive and approves.

3. JOMO (Joy of missing out)

Millennials like to take an overused acronym like FOMO (fear of missing out) and twist it to their will. The “joy of missing out” means missing something that was lame in the first place.

4. Sorry not sorry

Fake apologies are part of the ethos when you are a Millennial. You are a little sorry, but you also want to make fun of the idea of being sincerely apologetic when it is not deserved.

5. I can’t even

When you hear this phrase at work, watch out. It means the speaker is losing patience, is at a loss for words, and is pretty annoyed about something.

6. The struggle is real

When Millennials use this phrase at work, it means they are annoyed. They might use the phrase to let you know there is a tough problem or a real hardship.

7. On fleek

Used originally in an Instagram post about eyebrows (yes, the origin stories for these terms tend to be as weird as the terms themselves), being “on fleek” means to be on point. In a business context, it means something was well executed and is worthy of acknowledgement.

8. Dipset

I was confused when I heard this one on social media. It means to bail on something–to leave because something is lame. You might “dipset” from a meeting if the topic is boring. If you use this one, let me know if people understand you.

9. Bae

This word has fallen out of favor, according to a lengthy essay in The Atlantic that probably was not necessary, but you’ll still hear people use it at work. It means your significant other.

10. V

Another “word” that is a single letter, v is common because it adds some emphasis to texting and social media conversations. It means “very,” as in “I’m v excited” about this project. It also means you don’t have to type three extra letters.

11. Perf

Another shortened word, perf means “perfect” and denotes agreement to a cause or plan. Like many of the slang words on this list, it came about because you don’t have to type as many letters. Just don’t confuse it with the shortened version of performance.

12. JK

JKjust kidding–is not a new abbreviation, but it has stood the test of time. It’s used when someone has made a joke and wants to make you pick up on the humor.

13. It me

This shortened version of “it’s me” is often used as a term of agreement and self identification. It means the person identifies with the topic, but they don’t want to explain at length. It’s just a quick way to say you can relate to something.

14. P

Is one letter by itself a word? That’s something Oxford will have to decide if it hasn’t already, but to Millennials, p is already part of their cannon. It’s a replacement for pretty (as in “I’m p excited”) and might show up in your next email conversation.

15. TBH

This one is pretty easy to guess (or should I say “it p easy to guess”?). It means “to be honest” and is usually followed by either a joke or a more sincere comment.

Posted from WordPress for Android By Shashi Kumar (Aansoo)

Common Words and Phrases Even Smart People Get Wrong

I am very passionate about learning new words In English and in other language… Sometime we use wrongly Opted Words and found ourselves uncomfortable when it caught by sone literate Person… So let’s check How confident are you in your own vocabulary? Are you certain that every word you use is used correctly? If so, you’re highly unusual. Most people get some words wrong at least some of the time, and some words are wrong more often than they’re used correctly.

To make sure this doesn’t happen to you, here’s a list of 16 common words and phrases to be careful with. They may not mean what you think they do:

1. Adverse

Adverse means bad and usually refers to existing conditions. “The new tax laws were having an adverse effect on business,” or “We drove to the seaside despite adverse weather conditions.” What it doesn’t mean is objection-that’s averse. As in, “I would not be averse to you joining me for dinner.” Two different words that many people mix up.

2. Comprise

Comprise means to include or to be made up of. For instance, a large collection comprising 50 portraits and 20 landscapes. What it doesn’t mean is composed. So, “our work force is comprised of a diverse group of people of all races and ages,” is wrong. Use “compose” or “made up” instead. I frankly can’t see any good use for this word since all its meanings have synonyms that are more easily understood. I avoid it.

3. Diffuse

Diffuse means to dilute or spread out. For instance, if you pour a cup of milk into the ocean, it will diffuse. You can render something harmful less so by diffusing it into a large quantity of something harmless, such as a tablespoon of arsenic diluted in ten gallons of water. That leads some people to wrongly use diffuse to mean “render harmless.”

What they really want is defuse, which sounds somewhat similar. That literally means to deactivate or remove the fuse from an explosive device. But it can also be used metaphorically. For instance, if two people are about to get into a heated argument, you might be able to defuse-not diffuse-tensions by taking them out for ice cream.

4. Effect

Effect is often used wrongly instead of affect. To affect something is to change it-to have an effect on it. Effect as a verb means to make something happen, as in “he effected a cure for his son’s sore throat by feeding him ice cream.” It doesn’t mean to change something.

5. Eke out

The verb to eke is used incorrectly more often that it’s used correctly. Here’s a perfect example of misuse from a recent headline: “Giants eke out a weird, wild win in St. Louis.” To eke out is often used to mean “squeeze out” or “just barely manage.” What it really means, though, is to supplement or stretch out, usually one’s income.

A common usage, and one that’s led to a lot of misunderstanding, is something like this, “He eked out a small living by selling magazine subscriptions.” What that means is, he wasn’t paid very well at his day job, so he picked up extra money selling magazines on the side.

6. Flout

If you’ve got it, flout it, right? Not so much. To flout is to shamelessly break a rule or restriction, such as running a stop sign when there’s a police car right behind you. (I did this once. I don’t recommend it.) It doesn’t mean to show off or boast. If you’ve got it, flaunt it.

7. Forego

This is one I get wrong myself. Did you think it means to give something up or go without something? Wrong-that’s forgo, with no e. To forego means to go before something.

This word is so commonly misused that some lenient dictionaries define forego as “a variant spelling of forgo.” Even so, if you mean forgo, you might as well use the more standard spelling and avoid confusion, not to mention disapprobation.

8. Free reign

This is another phrase that seems to be used incorrectly at least as often as it’s used right. The correct phrase is “free rein,” as in what happens when you’re riding and you drop the reins to let the horse go wherever it wants. Reign is what kings do, and that leads to some confusion because if you write, “he has free rein over our budget,” reign, in the sense of being in charge, might seem right. It isn’t.

9. Hopefully

Hopefully is an adverb meaning “in a hopeful manner.” Correct: ‘”It looks like rain today,” he said hopefully.” (I’m on the West Coast where rain is to be hoped for.) Incorrect: “Hopefully, it will rain today.” Raindrops don’t have emotions so they’re unlikely to feel hopeful as they fall from the sky.

10. Ironic

The meaning of this term is the subject of so much debate even language experts disagree about how to use it right. Much of the disagreement centers around the Alanis Morissette song “Ironic”-many mavens say that none of the situations described in the song actually constitute irony.

Though dictionaries differ, defining this word seems to come down to three things. First, a statement made when what is said isn’t what is meant. For instance, “Isn’t it a nice day to go for a walk?” if it’s pouring outside. The second, having to do with plays or movies, is when someone says something but the audience knows better. For instance, when the young newlyweds say, “I’m so glad we’re alone at last,” because they can’t see the crowd of zombies gathering right outside the door. A third meaning, at least according to some dictionaries, is the opposite of what would be expected or appropriate, such as a stop sign with the words “…defacing stop signs,” added under the word “Stop.”

The word definitely doesn’t mean “oddly coincidental,” but it’s often used that way. So “Ironically, he finally found his long-lost love the day before his wedding to another woman,” is all wrong.

11. Methodology

Methodology is the actual study of method. So if you have a group of scientists running an experiment, and a second group of scientists is interviewing them about how they’re handling that experiment-that’s methodology. The procedure by which the first group of scientists is actually doing their experiments is method, not methodology.

12. Myself

This is another one I’ve often gotten wrong. Myself is only properly used when the subject of a sentence is “I.” For instance, “I myself have seen this happen with my own eyes.” Don’t use myself in any other context. “He brought drinks for my sister, my wife, and myself,” is wrong. Use “me” instead.

13. Nauseous

This is one most people get wrong. If you’re feeling sick to your stomach, you’re nauseated, not nauseous. If you’re nauseous, that means you’re making the people around you feel sick to their stomachs.

14. Peak your interest

I don’t know how many PR pitches I’ve received saying they want to peak my interest in something. Although they’re hoping to bring my interest to a peak, the correct usage is pique your interest. Pique means to arouse or excite. As a noun, it means being angry or offended, which may be part of the confusion.

15. Period of time

I’ve said or written this many times myself, but I’ve recently seen the light. Period (when not referring to punctuation) actually means a certain amount of time. So “period of time” is badly redundant. Go ahead and use period, just don’t put “of time” after it.

16. Poured over

If you’re carefully examining something, then you’re poring over it, not pouring. If you’re “pouring over” something, it had better be liquor over ice, or hot fudge sauce over ice cream sauce.

How many of these words have you been using correctly? If it’s all of them, give yourself a pat on the back. Either way, feel free to tell me your own most annoying word misuses in the comments.

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Posted from WordPress for Android By Shashi Kumar (Aansoo)

What is Insurance Underwriting? (General Insurance)

What is Insurance Underwriting?

Let’s take a look at the concept of underwriting.

“Underwriting is a core insurance function. It is a methodological approach to ensure that the insurance business is conducted on sound lines and that risks are evaluated for loss potential on both frequency and severity over a period of time.”

Underwriting is the process of:

  • Determining the level of risk presented by a proposer
  • Deciding whether to accept the proposal
  • Deciding the terms and price of the accepted proposal

Each underwriting decision involves balancing the insurer’s desire to earn premium often in competitive conditions with margins required to pay claims and expenses and also to ensure compliance with regulatory requirements. Underwriting is essential in all forms of insurance. For example, an automobile insurer will charge higher rates to young drivers, old models of vehicles, or may refuse coverage to drivers with a history of accidents. The underwriter may offer discounts for vehicles fitted with anti-theft devices. Fire insurers may inspect properties, offer reduced premiums for safety features such as sprinkler systems, and so on.

Understanding Risk Sharing

Understanding the concept of risk sharing or pooling will make it easier for you to understand the role of underwriting and risk classification in insurance.

All risks are not equal. For example, in the field of property and casualty insurance, wooden structures are at a greater risk of burning than stone structures. Therefore, a higher premium is required to insure a wooden structure. The same concept applies to life insurance. An individual with a serious illness such as cancer or diabetes is at a greater risk of premature death than an individual without the illness.

Since all risks are not equal, it would be inequitable to make all insured contribute the same amount. Thus, underwriting attempts to classify risks based upon their characteristics so that each insured in a specific class pays a premium in proportion to the risk involved.

The issue of fairness to the other participants is at the core of this risk classification (underwriting) process. When viewed from a perspective of fairness, proper risk classification becomes a central obligation of insurers to the policyholders who participate in their risk pools. This applies for all risks – life, assets or earnings.

Definition of Combined Ratio for Insurance Business

“Combined Ratio’

A measure of profitability used by an insurance company to indicate how well it is performing in its daily operations.

The combined ratio is defined as

The sum of incurred losses and operating expenses measured as a percentage of earned premium.

The combined ratio is comprised of the claims ratio and the expense ratio.

The claims ratio is claims owed as a percentage of revenue earned from premiums.

The expense ratio is operating costs as a percentage of revenue earned from premiums.

The combined ratio is calculated by taking the sum of incurred losses and expenses and then dividing them by earned premium.

It is a measure of the profitability of the insurer. (The ratio is typically expressed as a percentage.)

The combined ratio shows the underwriting profitability of the insurer. A ratio below 100% indicates that the company is making underwriting profit while a ratio above 100% means that it is paying out more money in claims that it is receiving from premiums.

‘Combined Ratio Calculated as:

“Combined Ratio”= “Incurred Loses + Expanses” /”Earned Premium”

 

Combined Ratio

Combined Ratio

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