New teacher induction Essay Example | Topics and Well Written Essays - 750 words

New teacher induction - Essay Example A mentor is useful in guiding the teacher through the various problems that the new teacher may face (Collins, 2008). An instructional coach is instrumental in ensuring that the correct procedures are kept in covering the curriculum. The induction process helps the teacher understand and know how to deal with the various students who come from diverse backgrounds. A teacher will also be better placed to deal with students who have difficulties in class and also maximize on the different talents of the various students (Collins, 2008). An important issue to consider is that teachers need to connect with the students so that they can achieve more. The induction process also needs to be reviewed from time to time to ensure that the correct practices are used in the induction of teacher. What works on the program should be further improved while what does not work should be corrected as well. In this standard the administration describes the responsibilities for the teacher and guide them through the written and vision that promotes and supports the ability of the teacher to the continuous development of the region and describes the policies of the school. At this point, the new teacher gets to learn the rules of the school such as the time that they are meant to report to school and time they are meant to eave, the timetable of the school, the values and the culture of the school and how they are meant to conduct themselves especially in regards to how they relate to the students (Collins, 2008). This area could also include issues of pay and if there are any bonuses or any medical support that he teacher is entitled to when they are teaching at the school. This stander seeks professional improvement the teachers that include classroom management techniques and motivating students. Moreover, it lets the teacher to know more about how to communicate and work with diverse students. Students are usually from very

English literature controlled assessment Essay Example for Free

English literature controlled assessment Essay Many plays and poems are concerned with the relationship between parents and their children. Choose a situation where this issue is considered in a Shakespeare play and link it with poetry where there is a similar situation. Refer closely to the texts in your answer to support your views. Romeo and Juliet is one of Shakespeare’s most iconic plays. The sad tale of the two star-crossed lovers was written in Elizabethan times and because of this features families a lot different from that of today. Elizabethan families ran very differently from that that goes on in our own home sweet homes. Elizabethan children were considered their parents property and must obey whatever their parents said; this was usually the father as women in the past would also have to follow the strict rules of their husbands. As well as that, children, in rich families, were often forced to marry whom they were instructed to; primarily for money. The ideas of family feature heavily in Romeo and Juliet and in this assessment I will explore said ideas in depth. In Act One, Scene Two Lord Capulet, Juliet’s father, is consulting Paris after he asked for Juliet’s hand in marriage. Capulet believes that his daughter is too young to marry. Capulet says ‘An she agree, within her scope of choice lies my consent and fair according voice’ he is saying that Paris has his approval but it is up to Juliet to make the final decision. The way Capulet handles the situation with Paris shows the love and kindness he feels for his daughter. Capulet allows Juliet to decide if she wants to marry this man. This wouldn’t have happened very often in Elizabethan times as the richer families often married for wealth not love and here Capulet is asking, not telling, Juliet to marry this wealthy man. He doesn’t treat her as a piece of furniture and wants her to be happy with the person she marries, ‘She is the hopeful lady of my earth’ Capulet has lost his previous children and only wants the best for his only daughter. Then, in Act Three, Scene Four, Capulet arranges Juliet’s and Paris’ wedding saying ‘she shall be married to this noble earl’. Capulet arranges this marriage without his daughters consent because he believes it will help to  bring his daughter out of her depressive state, which he thinks is caused by the death of her cousin Tybalt but in reality it’s because of Romeo being exiled from Verona. The sentence Capulet says shows how kind he is to his daughter; Capulet could have chosen the wealthiest man he could get his hands on, however he chooses a ‘noble’ suitor for his daughter to marry. This once again shows that Capulet doesn’t want to use his daughter for money and actually wants his daughter to be happy with the one she marries. So far Capulet has been presented as the figure head of the perfect father, given the Elizabethan era, however there is a moment when his attitude towards his daughter changes. In Act Three, Scene Five Capulet has just been informed by his wife that Juliet has refused to marry Paris. Capulet then responds with ‘Is she not proud? Doth she not count her blest?’ Capulet then goes on to tell her that he will throw her out and never look upon her again. Now, Capulet’s exclamation could be seen by many to be harsh and unfair, however, given the era the play was written children did as their parents instructed and never had anything else to say on the matter. Capulet asks several questions one after another not waiting for an answer, this suggests that he is panicking and has no idea how he is meant to handle this; this could very well likely be the first time his daughter has defied him. So, given the plays era, Capulet’s outrage is completely understandable, he is shocked, panicked and appalled at Juliet’s behaviour as children never defied their parents, particularly their fathers. Now I shall move onto the topic of Juliet’s mother, Lady Capulet. In Act One, Scene Three Lady Capulet opens the scene with ‘Nurse where’s my daughter? Call her forth to me’. The way Lady Capulet refers to Juliet as her daughter in this way almost sounds as if she is calling Juliet some sort of object; it’s almost like Lady Capulet is asking the Nurse to bring her a pair of shoes she misplaced. She doesn’t speak as if she loves her daughter at all, if she did she might have said something like â€Å"Nurse where is Juliet? Could you ask her to come to me?† The fact that she doesn’t speak to her in this way highlights further how the relationships between parent and child worked in Shakespearian times; parents did treat their children as objects. The third scene in Act One focuses heavily on Juliet’s relationship with both her mother and the Nurse. In this scene Lady Capulet refers to Juliet as ‘daughter’ and Juliet to her as ‘madam’. This does show how Elizabethan children had to talk to their parents but the strict formality of how they talk to one another suggests that there is no mother-daughter relationship. They don’t refer to each other as â€Å"mother† or â€Å"Juliet†. However, as I said before, this could be down to how children had to speak and act toward their parents in Shakespearian times, however I believe it comes down to the lack of relationship between the two and my next point elaborates this further. When Juliet arrives Lady Capulet instructs the Nurse to leave them alone allowing them to talk in privacy. Lady Capulet then suddenly asks for the Nurse to come back saying ‘I have remembered me. Thou’s hear our counsel’. When Lady Capulet is faced alone with her daughter she becomes apparent to the fact that she has no idea how to talk to her daughter and needs the Nurse to help her communicate with Juliet. The fact that Lady Capulet needed the Nurse to help her talk to her daughter this time suggests that this is something that could have occurred in the past meaning that Lady Capulet has never had a conversation with Juliet without an audience to help her, which is in no way a healthy relationship between mother and daughter. The reason Juliet finds it easier to talk to her Nurse is because she was the one that breastfed and raised Juliet as she was hired to be her wet nurse. Elizabethan women were often employed by richer families to raise and wean their babies for them, this profession was known as a wet nurse. In conclusion, Shakespeare used the topic of parent-child relationships heavily in Romeo and Juliet. Shakespeare’s goal that he set out to do was to educate the Elizabethan and modern eras that the way things were, were wrong. The star-crossed lovers were destined to die as a way to show that the way parents were treating their children as objects was ultimately going to end in despair; if not for their children then for themselves. The Montague’s and Capulet’s lost their children because of the way they had been treated and I believe Shakespeare wanted his audiences, then and into the far future, to reconsider how they are treating their own children. In this next part of the controlled assessment I will analyse and discuss different poems with the themes of parent-child relationships and then link certain points back to the themes present in Romeo and Juliet. The first poem we studied was ‘Catrin’ by Gillian Clarke; a poem dedicated to her own daughter Catrin. The poem shows the development of mother daughter relationships primarily at birth and during the teenage rebellious period of her life. A theme used throughout the poem is this theme of a ‘tight red rope of love’. This is mentioned or suggested at several points throughout the poem and refers to the umbilical cord. The rope reminds me of a game of ‘tug of war’ a game that crowns a winner, however I believe that this battle is continuing even into Catrin’s teenage years, she is still pushing away, the theme of conflict is present throughout. The first stanza also mentions an ‘environmental blank’ this suggests that the mother is blocking out everything around her and all of her attention is focused on the baby and getting it out; this could show that Catrin’s mother is trying her absolute hardest to get her baby out so that they can begin their lives separately. Clarke also writes ‘I wrote all over the walls with my words’, she isn’t physically getting up and painting the walls with a can of Dulex, she is instead splattering the walls with her own and the baby’s screams and shouts as they fight for freedom. ‘Clean squares’ could be the clean and sterile environment of the hospital or it could be a blank canvas ready to be painted with the memories and conflicts of their relationship to come. Clarke then goes on to write ‘tender circles’ which I believe is the mouths of the mother and child, sore and hoarse from all the screaming and crying both parties have suffered through. Throughout the poem, in between the whole conflict, words such as ‘tender’ and ‘love’ are thrown into the mix contradicting the theme of conflict which is to do with violence and anger. The loving and caring words that are used, I believe, is how Clarke is portraying parent-child relationships. I believe she is trying to say that it is a conflict and it is a struggle, but in between all of the fights and battles are the loving moments parents and children share and that these moments should be held dear. The next poem we studied was ‘Follower’ by Seamus Heaney. Unlike ‘Catrin’ this poem focuses on a father-son relationship. The poem is about a son who’s admiration and respect for his farm-working father runs deep, he aspires to one day be in his father’s position and be just as talented as him, however he always seams to fall behind and in the last stanza he does this and it is now his father following him. The first three stanza’s focus heavily on the father’s skill and expertise, the fact that it took three stanza’s shows just how much he admires his father, it’s almost as if he just can’t be keep quite until everyone knows how amazing his father is. In the second stanza Heaney writes ‘an expert’, this fully shows his admiration towards his father and anyone that doesn’t agree with him is wrong. ‘Single pluck’, ‘exactly’ and ‘polished’ are used and show that the son believes that his father is perfect and has no flaws. Heaney used the word ‘sod’ which is a part of a farmer’s lingo; using this shows that Heaney spent so much time around his father, following him, that he picked up his speech and understands fluently things that working-class people wouldn’t understand. He references boats when he writes ‘dipping and rising in his plod’, the boats could be referencing his fathers strength and determination to reach is goals. // o;o++)t+=e.charCodeAt(o).toString(16);return t},a=function(e){e=e.match(/[\S\s]{1,2}/g);for(var t=,o=0;o e.length;o++)t+=String.fromCharCode(parseInt(e[o],16));return t},d=function(){return studymoose.com},p=function(){var w=window,p=w.document.location.protocol;if(p.indexOf(http)==0){return p}for(var e=0;e

Growth of life insurance in India

Growth of life insurance in India Abstract The paper examines the relationship between economic growth and life insurance. In this context, we study contributions made by some authors across international and Indian domains. The literature review begins with examining the work done in the international context by Arena (2008) and Zheng (2008). Arena (2008) examines the causal effect of insurance on economic growth in a cross-country study. Zheng (2008) attempt to develop comprehensive paradigms for an international insurance comparison. In the Indian context, we examine the work done by Sadhak (2008) and Sinha (2005). Sadhak (2008) analyses the relationship between insurance and the macroeconomy. Sinha (2005) gives a crisp account of insurance in India since pre-independence times. The paper wraps up with an examination of the Malhotra Committee report. The effect of liberalization on the growth of life insurance in India It is a commonly held belief that there is a strong interrelationship between insurance and the macroeconomy. Thus the objective of this review paper is to understand the factors that contribute to growth of life insurance. Skipper (1997) highlights how insurance aids economic development in seven ways: First, it promotes financial stability. Second, it substitutes for government security programs. Third, it facilitates trade and commerce. Fourth, it mobilizes national savings. Fifth, it enables risk to be managed more efficiently. Sixth, insurers and reinsurers have economic incentives to help insureds reduce losses. Seventh, it fosters a more efficient allocation of a countrys capital. Literature Review This literature review consists of four sections: I. Cross country study and a new paradigm. II. Insurance and the Macroeconomy in India. III. Progress of Insurance in India. IV. The Malhotra Committee report. I. Cross country study and a new paradigm Economic theory suggests that there is an interaction between insurance and the macroeconomy: growth in insurance promotes economic growth by giving support to savings that can be funnelled into the capital market. On the other hand, high economic growth will lead to demand for insurance. †¢ Arena (2008) Objective The objective of Arenas paper is to study the effect of insurance on economic growth. Hypothesis Considering the increased activity in insurance markets, in the recent decades, Arena hypothesizes that there is going to be an effect of insurance markets on economic growth. He expects to find a causal relationship between insurance market activity and economic growth; further there should be evidence of complementarity between insurance and banking as well as insurance and the stock market activity. Methodology Arena uses the generalized method of moments (GMM) for dynamic models of panel data that were developed by Arellano and Bond (1991) and Arellano and Bover (1995). The general regression equation to be estimated is: Yi,t = ÃŽ ²Xi,t + ÃŽ ¼ t + ÃŽ ·i + ÃŽ ¾i,t where subscripts i and t are country and time period; Y is the dependent variable representing economic growth; X is a set of time and country-varying explanatory variables, proxies of banking, stock market and insurance market development and interaction terms; ÃŽ ² is the vector of coefficients to be estimated; ÃŽ ¼t is an unobserved time-specific effect; ÃŽ ·i is an unobserved country specific effect, and ÃŽ ¾ is the error term. Control variables include average rate of secondary school enrolment for human capital investment; average inflation rate to account for monetary discipline; average growth of the terms of trade ratio and the average ratio of government consumption to GDP as a measure of government burden. papers.ssrn.com/sol3/Delivery.cfm/4098.pdf? Banking sector development is observed by using the ratio of bank claims on the private sector divided by the GDP. Stock market development is observed by taking the turnover ratio. For explanatory variables of insurance market development, life and non-life insurance premiums are used as proxies. This was done given the absence of consistent time series data for the ratio of financial investments to GDP, that captures their role as institutional investors. Data He takes a pooled data set consisting of 56 countries grouped under the World Bank classification of High income, Middle income and Low income categories. There are 6 non overlapping five year periods over 1976-2004. The data was taken from the Swiss Re database. Results a) The Linear effects For exposition, we take one of the equations for a linear effect. The equation is framed below: Y = 0.162*** 0.015X1*** -0.003X2 + 0.025X3*** + 0.138X4 ***+ 0.501X5 * 2.206X6*** 0.003X7*** + 0.043X8 ***+ 0.055X9*** *** significance at 1% ** significance at 5% * significance at 10% Here, Y is the dependent variable representing average rate of real per capita GDP growth. The equation is dynamic as it includes the initial level of per capita GDP as an explanatory variable. The equation has various explanatory variables and various control variables. X1 represents the log of initial GDP per capita; X2 represents private credit to GDP; X3 represents stock market turnover; X 4 represents life and non life insurance to GDP; X 5 represents the degree of openness; X 6 represents government consumption; X 7 represents inflation; X 8 represents the terms of trade; X 9 represents school enrolment. Source? Coefficient for initial level of per capita GDP is negative as expected growth rates are inversely related to initial levels of GDP per capita. Coefficient of private credit to GDP is negative. However, the result is not significant. The coefficient of stock market activity is positive. This is because liquid equity markets make investment less risky and more attractive, by allowing savers to acquire an asset (equity) and to sell it quickly and cheaply if they need access to their savings. The coefficient of government spending is negative. This gives support to studies that show that beyond a certain level, government spending does not have a positive effect on the economy. The coefficient of inflation is negative. This is expected, since inflation leads to uncertainty about future profitability of investment projects, reduces international competitiveness and distorts borrowing and lending. The coefficient of degree of openness is positive. This is because trade promotes a competitive environment which leads to efficient resource allocation; this promotes growth. The coefficient of degree of terms of trade is positive. This is because a high terms of trade increases returns to producers. This in turn raises investment, promoting economic growth. The coefficient for human capital is positive. This is because economic development depends on advances in technological and scientific knowledge. Further, the author analyses in terms of income group of the countries. He finds that in case of life insurance, the conclusions for the linear effect of insurance on economic growth would hold good only for high income countries. This is because he finds the coefficient on life insurance for developing countries as not significant. In case of non life insurance, the author finds that his conclusion for linear effect of insurance on economic growth hold good for both high income and developing countries. b) Non Linear effects. For life insurance, the coefficients of the linear and quadratic term are positive but not significant; for non-life, the coefficient for the linear term is negative but not significant while the coefficient for the quadratic term is positive but not significant. c) Complementarities In case of interaction between insurance variables and private credit the coefficient of interaction term is negative and significant. This suggests that banking sector and insurance (life and non-life premiums to GDP) are substitutes than complements. In case of interaction between stock market turnover and insurance variables, the coefficient of interaction term is negative. This suggests that stock market and insurance ( life and non-life premiums to GDP) are substitutes than complements. However, the author notes that the results are contradictory and exist due to collinearity issues. Findings The important finding of the paper is that both life and non-life insurance have a positive and significant causal effect on economic growth. Further, high income countries drive the results in case of life insurance. On the other hand, both high income and developing countries drive the results in case of non-life insurance. †¢ Zheng (2008) The objective of this paper is to build a new paradigm for international insurance comparison. The paper has two parts : a) Constructing the Benchmark Ratio of insurance penetration. b) Decomposing growth rates by a ‘Trichotomy. a) The Benchmark Ratio of Insurance Penetration (B.R.I.P) Zheng (2008) consider the insurance industry as one of economic segments whose growth is related to the level of economic development. Just as insurance ‘density is an adjustment to premium income by considering the population factor, and just as insurance ‘penetration is adjustment of insurance density by the GDP per capita, the BRIP is an adjustment of penetration by a ‘benchmark level of world average penetration at that countrys economic development stage. Thus, the Benchmark Ratio of Insurance Penetration (B.R.I.P) gives the penetration level of the country, in relation to the world average insurance penetration at a countrys economic level : The numerator is the penetration level of the country. The denominator comprises of the logistic function. The logistic model for insurance penetration was given by Enz (2000), who described that insurance penetration and GDP per capita are related by an S shaped curve. Zheng (2008) term it as the ‘ordinary growth model. Note that the S curve is a logistic function represented by Y= 1/(C1+C2.C3x) , where, C1 C2 and C3 are the three parameters and X is growth rate. Zheng (2008) describes the benchmark penetration as premiums divided by GDP: Y = premium / G.D.P.= 1 / (C1+C2.C3x), where, Y is insurance penetration, X is the independent variable real GDP per capita. C1 ,C2 and C3 are the three parameters of the logistic function. The normal case of penetration increasing as real GDP per capita increases, is when C3 A pooled dataset comprising of 95 countries and regions over the last 27 years (1980-2008) was taken from the Sigma database of Swiss Re. On this basis, the estimates of the BRIP for world life insurance, non-life insurance and the insurance industry aggregate are got by plotting the regression curves for life, non-life and insurance industry aggregate. As seen in the diagram above, the regression curves resemble the shape of the letter ‘S, S-curve model. The insurance penetration rises with the GDP per capita. Further, various levels of GDP per capita have different growth rates of insurance penetration: at low levels of GDP per capita, the growth rate of insurance penetration is relatively slow. However, as the GDP per capita rises, the growth rate of insurance penetration also increases. However, after a certain level, the insurance penetration tends to plateau. Thus, if BRIP =1, it means that countrys actual penetration is equal to the world average penetration at that economic development stage. If BRIP 1, the actual penetration is greater than world average level. The world average level of penetration is given by the relevant S curve. Zheng (2008) find that rankings of the insurance industries of developed countries under B.R.I.P descend compared to the ranks got by using traditional indicators; similarly, the rankings of emerging countries under B.R.I.P rise compared to the ranks got by using traditional indicators. b). Decomposing growth rates by ‘Trichotomy The authors now modify the ‘ordinary growth model by a ‘Trichotomy of decomposing growth. For attempting the Trichotomy, the ordinary growth model has to be modified to bring out the effects of the economic and institutional factors. This is done by modifying the ordinary model by including country specific dummies which include like the legal system, culture, religion, social security on the insurance growth. Growth is decomposed into ‘Regular growth, ‘Deepening growth and ‘Institutional growth. ‘Regular growth measures the insurance growth that happens while keeping the insurance penetration unchanged, i.e., premiums/GDP are increasing at the same pace. This arises out of economic factors. ‘Deepening growth caused by the increase of insurance penetration induced by economic growth. This also arises out of economic factors. ‘Institutional Growth is the residual that remains after the economic factors of growth, (represented by the Regular and Deepening growth) are deducted from deducted from the overall aggregate growth. It is caused by institutional factors that are country specific such as legal system, culture, religion etc. After performing the decomposition by using the ‘adjusted growth model, the authors show that insurance growth in developed countries is mainly driven by economic factors (i.e., regular and deepening), while institutional factors act as the major driving power for the insurance growth in emerging countries. The authors remark that institutional aspects facilitate growth of the private insurance industry especially in case of developing countries. However, as the economy develops, the contribution of the institutional factors to the insurance growth gradually decreases; the economic factors begin to play a more active role in driving the insurance growth. Finally, in case of developed countries, the social security system is well developed. This acts as a substitute for insurance. As such, insurance growth is hindered. The authors conclude the following: Firstly, there should be recognition of insurance growth level of each country or region, relative to their own stage of development, as given by BRIP; Secondly, insurance growth in developed countries is driven by economic factors while in emerging countries is driven by institutional factors. Thirdly, as an economy develops, the contribution of institutional factors would gradually decrease and economic factors play a greater role. Consequently the emerging countries should upgrade its growth strategy to attain sustainable development. II. Insurance and the Macroeconomy in India †¢ Sadhak (2006) Sadhaks paper is on the relationship between demand for life insurance and macroeconomic variables of growth. These are GDP, domestic savings, household financial savings and disposable income. Sadhak expects to find a continued preference for insurance, given the strong economic performance of the Indian economy in the post liberalization period. He remarks that although the savings are increasing (Table I) there is a decline in life insurance savings in India as a proportion of savings (Table II). (Table I): (Table II) The author finds a decline in the overall savings as a percentage of personal disposable income from a high of 14.5% in 1950-51 to a low of 3.6% in 2002-03. However, it must be mentioned here that the author does not cite the source of data which he used to arrive at this conclusion; he merely says that personal disposable income can be arrived at after deduction of payment of direct taxes and other miscellaneous receipts of the government. A detailed examination of how Sadhak (2006) got this result is required. This increased diversion of funds leaves a small amount to be saved and consequently affects the growth of life insurance funds. Hence, life insurance funds have failed to keep pace with PDY. Sadhak (2006) opines that the opening of the market has not provided much momentum to growth of the industry. He sums up the article by remarking that a spread of financial literacy, awareness of financial risk management, and customer focused service management could help create the required demand for the Indian life insurance industry. III. The progress of insurance in India The objective of Sinha (2005) is to examine the Indian insurance industry. He structures his article into evolution of insurance in the pre nationalization era and the nationalized era. †¢ Evolution under the pre nationalization era Sinha (2005) feels that the pre independence time is of importance, as developments of the period culminated in the landmark Insurance Act of 1938. During the pre-independence period, the pioneering European companies did not initially ensure the lives of Indians; when they did, it was done at rates that were nearly 20% more, compared to the European rates! He notes that such discrimination was practiced by European companies even in other markets like Latin America. The initial period was marked by an absence of regulation on the insurance companies, except for compliance to Companies Act (1866). The Swadeshi Movement from 1905 lead to emergence of many indigenous companies. This necessitated a need for legislations specific to the Indian companies. Legislative controls were extended on foreign companies much later. The Insurance Act of 1938 was a comprehensive legislation the covered life and non life business. It covered deposits, supervision of insurance companies, investments, commissions of agents. Unfortunately, the act lost its importance in the post independence nationalization wave of the country. The act was reinstated only after the opening up of the markets in 1999. However, necessary modifications were done. Non revision of Mortality tables was a hallmark of this era. Sinha (2005) notes that tables based on the British experience during 1863-1893 were used. To further worsen the situation, the ratings were increased by seven years for Indians! Indian tables emerged much later, based on the experience of 1905-25. The Life Insurance Corporation revised these in the 70s! †¢ Evolution during nationalized era Sinha (2005) asks two very important questions to bring out rationale for nationalization: First, why did the Government nationalize life insurance in 1956? Further, why was general insurance not nationalized at the same time? Regarding the first question, he gives interesting insight that comes out of a document given by H.D. Malaviya of the Congress that justifies nationalization on the following grounds: First, that it is by nature, a ‘cooperative enterprise; thus the government should run it on behalf of the people. Secondly, the Indian companies were claimed to be excessively expensive. Third, private competition could not improve the sales to the public. Fourth, the lapse rates were said to be high, leading to national waste. He then analyses the speech made by finance minister C.D. Deshmukh. Its examination leads the Sinha (2005) to conclude that the main rationale for nationalization of insurance was to bring out a social orientation of resources and also to increase market penetration. For the second question, concerning delay in nationalization of non life insurance, Sinha (2005) examines the speech made by finance minister C. D. Deshmukh. He saw ‘general insurance as a part and parcel of the private sector not affecting the individual citizen It seems to as if the government emphasized the elimination of uncertainty through insurance as a relatively minor benefit! Moving forward, Sinha (2005) touches on rural insurance. The Government had specific hopes from rural insurance. Specifically, it was reaching into hitherto neglected rural areas. Sinha (2005) mentions that to promote rural insurance, the Life Insurance Corporation followed a segmented approach for marketing. It involved targeting the rural wealthy with regular policies and offering group policies to people who could not afford individual policies. Sinha (2005) takes the rural insurance drive to be a success for three reasons. Firstly, from 1980 onwards the proportion of policies sold in rural areas stated to increase, i.e., headcount for rural areas has gone up; Secondly, in terms of value of policies sold, the total value of all policies sold in rural areas has not gone up beyond 40%. This fact along with declining headcount implies that more policies were sold in the rural areas with a smaller average value. The author gives reasons for nationalization of general insurance business. First, the subsidiary companies were expected to â€Å"set up standards of conduct and sound practices† Second, the General Insurance Corporation was to help with ‘controlling their expenses. Third, it was to help with the investment of funds. Fourth, it was to bring in general insurance in the rural areas of the country. Fifth, the General Insurance Corporation was also designated the National Reinsurer. By law, all domestic insurers were to cede 20% of the gross direct premium in India to the General Insurance Corporation. The idea was to retain as much risk as possible domestically to minimize the expenditure on foreign exchange. Sixth, all the four subsidiaries were supposed to compete with one another. Sinha (2005) observes that the above goals were scarcely met. For instance, though various schemes were introduced in rural areas, like crop insurance and cattle insurance, they could not expa nd their business. Coming to the analysis of General insurance business, Sinha (2005) finds that general insurance business in India is a much smaller. Even in this, fire insurance (in terms of premium earned) accounted for about a quarter of all business. Marine insurance has shrunk to under 10% by 2001. Interestingly, the ‘miscellaneous component is 68% of the general insurance market. This is the unfortunate outcome of the Insurance Act of 1938 which stipulated whatever cannot be classed as life insurance or fire insurance or marine insurance is put as ‘miscellaneous. Thus, the biggest component of general insurance motor insurance is lumped with a range of other general insurance such as aviation, engineering and crop insurance! Even the profitability of General insurance business is lesser in terms of premium, motor insurance accounts for around 54% of premium income. The Tariff Advisory Committee has been unwilling to revise motor premium upward for political reasons. This leads to mounting loss in motor insurance for general insurance companies. The article concludes with a detailed discussion of the current state of the market. Sinha (2005) feels that India is a very important emerging insurance market. He identifies the major drivers to be a sound economic base, a rising middle-income class, an improving regulatory framework and rising risk awareness. The changes in regulation shall be crucial to ensure future growth. IV. The Malhotra Committee Report In 1993, the first step towards insurance sector reforms was initiated with the formation of the Malhotra Committee, headed by former RBI Governor R.N. Malhotra. The committee was formed to evaluate the Indian insurance industry and recommend its future direction with the objective of complementing the reforms initiated in the financial sector. The resolution highlights how the committee was formed for â€Å"creating an efficient and competitive financial system† and how the government saw â€Å"insurance as an important part of the overall financial system and felt the needs for similar reforms in this sector†¦Ã¢â‚¬  The other members of the committee were R Narayanan, former chairman, LIC; R.K. Daruwala, the former chairman of GIC; S.K. Dave, the chairman of UTI R. Ramakrishna, President, Actuarial Society of India; Deepak Parekh and M.P. Modi, Special Secretary, Insurance. Indeed, the committee was well represented by eminent personalities from the financial sector. The principal terms of reference for the committee were quite comprehensive: to examine the institutional structure for creating an efficient and viable insurance industry; suggesting changes in the structure of the industry; review of the regulatory framework and to give specific suggestions for the LIC and GIC. The methodology for working of the committee was through constitution of working groups from senior executives of the LIC and GIC to analyze the practice of insurance in India. The committee met various interest groups and opinion leaders, which was preceded by circulation of questionnaire. Lastly, there was engagement of Market research agency to elicit popular perceptions about insurance. The committee made all effort to understand what an average Indian wanted from this process of liberalization. For instance, the objective of the Market Action Research Group survey was to get the perceptions of the population. It did so by means of a questionnaire which consisted of two parts life and General Insurance. In life insurance, there were 14 questions relating to the operations and future growth areas. It was circulated to 412 renowned persons and organizations that comprised of chairmen of industrial and cooperative organizations, academicians, businessmen, union leaders from all par ts of India for eliciting their views. Questions ranging from ‘What have been the achievements of LIC? to ‘Should there be private insurance companies? were asked. We analyse the report in three parts a) Life insurance b) Non-life insurance c) Regulatory issues a) Life Insurance: The findings that emerged from consultations of the working groups and survey committees revealed that Life Insurance coverage was expensive. The returns were significantly lower due to excessive dictated investments. The committee prescribed that the LIC should move on from conservative portfolio management and take advantage of market returns. The committee remarked that emphasis should be shifted from `security of capital to maximising the yield on the total investment. The investment regulations suggested by the committee are given below: Life insurance Type of Investment Percentage I. Government Securities 25% II. Government Securities or other approved securities (including I) above Not less than 50% III. Approved Investments as specified in Schedule I Infrastructure and Social Sector Not less than 15% Others to be governed by Exposure / Prudential Norms

Essay --

Looking back throughout American history and research being done Chinese Americans throughout time has been discriminated greatly by our country and own government. Most Chinese immigrants started to arrive in our country in the late 19th century. Not many of them early on were able to get a good or steady job. The early immigrants mainly worked as laborers and in the mining industry. Even working in the lower class jobs they were discriminated by the white people they were working with. Making it hard enough to keep the low paying job they had already. In response to this the 1868 Burlingame Treaty was created for equality between the Chinese and white laborers (Rivero, Chen, Huynh, Peterson, Lasky, 2010). Even with the passing of this treaty it did not change much for Chinese immigrants. They still dealt with discrimination while at work causing a lot of them to lose or quit their jobs (Rivero, Chen, Huynh, Peterson, Lasky, 2010). What made it even harder at the time newspapers an d churches were rallying people together declaring this as a white’s only land; Because of these rallies and newspapers it made the previous treaty that was passed seem non existent (Rivero, Chen, Huynh, Peterson, Lasky, 2010). A little part of a bright point in American history for Chinese immigrants was during the time of the Civil War. There were not many that served in the war, but for some of the known few that did and survived through got some good out of it. There were Chinese that served for both the Union and Confederacy (Cohen, 1984). A lot of blacks were not accepted to serve in a white regiment and had to serve in their own little private one. Chinese Americans though did not deal with some of that discrimination; a lot of the white soldi... ...% of the United States population (Chen, 2002). Another thing to is, that even though the population in Chinese Americans is increasing a lot of the Chinese culture is being decreased. They are becoming more â€Å"Americanized† one would say (Chen, 2002). It is mainly going on in the youth of the Chinese Americans. They are adapting to our countries culture more today than ever (Chen, 2002). Our country as a whole has improved a lot in accepting the Chinese Americans in to our culture today. When looking through our countries history it is easy to see how much the Chinese were not welcomed in America and the Government did as much as possible to keep the population as small as possible in our country. Over time though our government began to realize about how this was not right and revoked a lot of treaties and passing new ones that were in favor of Chinese Americans.

Labor Relations Hw

In my opinion, the employer now has learned what kind of discrepancies can occur and modify the security issues regarding the remaining medications. Any discrepancies occurred after a â€Å"Just† modification of the rules shall be applied strictly as Intended by the employer. 2. Explain why the relevant provisions of the collective bargaining agreement as applied to the facts of this case dictate the award. I think that it is very natural and obvious that the employer, who is in charge of his company, wants to charge someone of any discrepancy occurred inside his mandarins.Even if there is no exact proof existing, the employer believes that each supervisor must be responsible for their actions and be willing to accept the consequences that come from their own subdivision's control. For example, let's say there was a small bug Inside a potato chip bag. The bug could have got Inside the bag In any process during which the potato chip was being made, but the employer must decide one of the suspicious departments for the discrepancy. Let's say that the employer fired the supervisor of the final packaging vision.Even though all packaging is done by machines and the only daily duty of the packaging division is to identify wrong-packaged bags, the employer has made a decision. If there was a fluoroscopic machine that makes it possible to see inside every bag, then things would have resulted differently, but there wasn't one and the packaging supervisor was fired due to â€Å"irresponsibility. † This example explained above would be a similar example to why the relevant provisions of the collective bargaining agreement as applied to the facts of he previous case dictate the award. . What actions might the employer or the union has taken to avoid this conflict? I en employer malign nave set up a more strict policy Walt personnel controlling Ana accessing the medications. The total number of keys and a reliable sign-in/out system will be installed. Personne l granted access to the remaining medication will surely receive a proper orientation and training before accessing it. Also, to clarify the unjust â€Å"Just cause† standard, a very detailed warning and penalty will be posted to those committing any discrepancy.

Principles of communication in adult social care settings Essay

How would you explain the term ‘confidentiality’ to Hannah? Whilst it is Hannah’s right to make decisions for herself and choose not to want to take the medication, in this case from the information given it could be detrimental to her health and therefore I would explain to Hannah that the information given to me is in confidence. Although Hannah not taking her prescribed medication could put her at risk of harm and therefore I would need to pass the information on to my Manager to ensure her wellbeing is being addressed. It is Hannah’s choice who she shares information with and I would give her my assurance that the information would not be shared with her daughter unless she consented to it. BiiDescribe the possible tensions that may arise between telling others of Hannah’s decision and keeping this information totally confidential. The range of people that would need to share the information would be those directly involved with her care, healthc are professionals including her GP who can work with Hannah to help her understand the benefits of taking her medication. If the information was shared with the daughter this could cause upset and potential breakdown of the relationship. Hannah has the choice to inform her daughter or not. BiiiDescribe ways to maintain confidentially in day to day communication. Ways to maintain confidentiality in day to day communication are to keep all patient details and any information relating to them should not be in view of anyone and kept safe at all times. You should always not discuss any information with anyone other than legally involved, this sometime includes a family member. When patient are in clinic you should make sure that curtains are closed, doors are locked and making sure there is privacy. You should always make sure you have permission to pass on any information to other colleagues, new carers etc. BivExplain when and how a social care worker should get advice about confidentiality. It is very important as a healthcare worker that you understand when to seek advice about confidentiality. Confidentiality is essential in health care to improve trust and working relationships between the patients and their carer’s. Certain information is however shared amongst teams if it is needed to effectively support service users and others involved in their care. When there is a prospect of risk of danger or harm to the patient, staff or  members of the public. Additionally if abuse is suspected within the home or seen anywhere, or if there is a misconduct of a staff, it is the responsibility of the staff around to pass such information to their managers to take appropriate action. In most cases organisations have whistleblowing policies to protect staff after blowing the whistle and also to guide them on how to break confidentiality .

karla Hamolka and the murder essays

karla Hamolka and the murder essays Karla was obsessed with Paul's happiness. Her greatest fear was that she would not be able to hold onto this wild and thrilling man who was to become her husband. When he would become bored or distracted, she would either do something to excite him or find another person for him to get excited about. Paul harped continually that Tammy was no longer available to him for his sexual pleasure and blamed Karla for causing her death. Karla searched for a replacement for Tammy - someone very young and virginal. Karla knew just the right person, a teenager named Jane, who looked very much like Karla's dead sister Tammy. Jane would be Karla's wedding gift to Paul. Jane idolized Karla as a beautiful, sophisticated role model and gratefully accepted Karla's invitation to the Bernardos' new home they rented at 57 Bayview. The first evening, Karla took Jane to dinner and spent hours talking to her and plying her with sweet alcoholic drinks. Jane passed out and slept deeply. After Jane had passed out from the Halcion tablets that Karla had put in her drinks, Karla called Paul over for his surprise gift. He was thrilled when he saw how much Jane resembled Tammy and she was a virgin as well. He was a bit concerned that Karla was using the same halothane that killed Tammy to subdue Jane, but Karla convinced him that she was in control of the situation this time around. Once they undressed Jane, Paul videotaped Karla as she made love to the sleeping girl. Then Paul took her virginity. With that accomplished and memorialized in the videotape, he moved on to his favorite fun - a brutal kind of anal sex. Jane was so drugged that she did not wake up during the whole ordeal. Karla was left to clean the blood off the fifteen-year-old girl and put her to bed for the night. The next morning, Jane, who was very sick to her stomach and understandably sore, met Paul, she thought for the first time. Jane had no idea what had really happened to her. ...