Thursday, February 20, 2020

The unpredictability of future climate brings significant threats for Essay

The unpredictability of future climate brings significant threats for insurance companies. The unpredictability of futu - Essay Example In order to ensure this security, a deal is entered between two parties - the insurer and the policyholder. In the agreement, there is a given amount referred to as premium that is to be paid regularly by the policyholder to the insurance organization. In return, the insurance company agrees to pay a defined amount referred to as benefit or claim payment incase a predefined loss is incurred by the policyholder (Anderson & Brown, 2005, p.2). To avoid ambiguity during compensation, the agreement has to define which losses to be covered by the insurance policies. This would include medical insurance, life insurance, property insurance and many others. The insurance companies establish the premiums for the different insurance policies based on the value of the losses to be compensated and the frequency with which the losses have been observed to occur. Insurance may seem to be expensive and a waste of resources to a policyholder who has not suffered any loss over a long period of time. H owever, in case the unexpected loss occurs, it will be cheaper to have the loss compensated by an insurer. It is actually a way through which risk is transferred from one party to the other (Anderson & Brown, 2005, p.3; WetFeet, 2008, p.64). The advantage that the insurers enjoy is that not all of their policyholders will suffer losses at the same time. This kind of a pooling by the different policyholders enables the few policyholders that have had some loss to be compensated without loss to the insurance company. Climatic conditions contribute to various losses incurred in various fields in the insurance industry. Poor climatic conditions can interfere with business operations, can cause damage and loss of property, can lead to increased disease infection, and increased mortality rates emanating from accidents, floods, earthquakes and other disasters. The climate unpredictability brings significant threats for insurance companies Supportive reasons The occurrences of climatic chan ges and the inability of insurance companies to predict this future occurrence can be a threat to the success of the organizations. Firstly, the disasters often catch the insurance companies unaware due to poor mechanisms for mitigating the catastrophes. The climatic changes may not follow a predefined pattern and an attempt to make a prediction based on the previous occurrences often leads to miscalculations (Mills, 2005, p.1). This increases the vulnerability of the insurance organizations to the disasters. It often results in an increased liability claim leading to losses by the insurance organizations. The insurers are then not able to compensate for the losses that have been incurred (Godoy, 2011). The unpredictable climatic conditions like future occurrences of floods may make an insurance company to incur losses due excessive compensation of the losses incurred by the policyholders. The climatic conditions resulting into global warming provides humble opportunities for the oc currences of other natural catastrophes like wildfire that can be of great losses to the insurance organizations. For instance, the losses that were incurred by the United State’s insurance organizations due to wildfires were valued at $6.5 billion between 1970 and 2004 (Allianz Group& World Wildlife Fund, 2006,

Tuesday, February 4, 2020

My Journey as a Future Educator Essay Example | Topics and Well Written Essays - 2250 words

My Journey as a Future Educator - Essay Example As my first day as a teacher’s assistant approached, my self-confidence took a huge dip. I felt so nervous, as I watched children in a playground in the school I’ve passed on my way home one day. The children I’ve estimated to be in the age group I will be working with seemed so intimidating all of a sudden. The older ones would climb to the highest point of the tower in the play equipment, flailing their arms ignoring the adults’ warnings way below them on the ground. I thought these children were fearless! I was afraid for myself. I guess it won’t be a piece of cake after all. My initial observation inspired me to turn to more studying about children at this age and how I should deal with them. I read several theories about this stage. I learned that working with all children regardless of age involves many considerations. One is to see each child at his or her own developmental level and create activities and opportunities appropriate to their pa rticular levels. The child needs to develop holistically, meaning each developmental area is given attention to so growth and development as a whole person ensues. The teacher needs careful planning and implementation of activities so that children under their care grow in all areas.The process of growth and maturity of an individual entails development in physical, cognitive, social, emotional and moral areas. Development in one area affects another. In children, this is very obvious, as they are at a stage in life when development occurs rapidly.... Physically, a child’s body grows in accordance to the genetic structure he was born with. Logically, children grow bigger and taller and every year, their growth is obviously apparent in the clothes that don’t fit them anymore from a few months before, and the height and weight that drastically increased from their last doctor’s check-up. Physically, young children develop more strength as their bodies’ proportions become more adult-like. Beginnings of athletic skills such as running, jumping and hopping are manifested. Fine motors skills, such as writing and drawing, develop slowly Their motor skills also develop in accordance to their developmental needs. This means, the older they get, the more things they are expected to do, so they develop physical skills to be able to do such tasks. Intelligence is another area where one grows over time. I learned that by the time a child steps into the early childhood stage, his brain has attained 90% of its adult w eight by age 5 (Developmental Stages, 2011). This develops faster than any other body part. Jean Piaget, among others, has outlined a remarkable framework in the cognitive development of a person and describes each stage. Five to seven year old children belong to Piaget’s Preoperational Period. This marks the time when a child becomes able to represent objects and knowledge through imitation, symbolic play, drawing, mental images and spoken language. Lack of conservation skills is also characteristic of this stage. â€Å"Conservation is defined as the knowledge that the number, mass, area, length, weight, and volume of objects are not changed by physically rearranging the objects.† (Brewer, 2001, p. 58). The seven year olds are actually in transition to the next cognitive stage which is the Concrete