TYPE OF DESERTS
About a fifth of the world’s land is made up of deserts, some rocky, others stony and the rest sandy. Deserts that are absolutely barren and where nothing grows at all are rare and they are better known as ‘true…
ADAPTIVE COLOURATION
Adaptive colouration is the possession by an organisms, of a colour which enable it to catch its preys, avoid its predators or enemies and ensure its survival. In order to obtain food, escape or hide from their enemies and secure…
COMMON INSURANCE TERMINOLOGIES
Concealment: This is the willful act of holding back information that may be pertinent to the issuance of an insurance policy even though the insured was not asked about that particular subject. Disclosure: Insurer needs information from the proposer to…
DETAILED EXPLANATION OF REINSURANCE
MEANING OF REINSURANCE This refers to an arrangement whereby an insurer, having accepted risk beyond his financial capacity, cedes part of the risk to another insurer. There are two parties involved in reinsurance: the ceding company and reinsurer. The ceding…