Insurance Accounting -1

Instructions – PLEASE READ THEM CAREFULLY

· The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.

· Assignments submitted through email will not be accepted.

· Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.

· Students must mention question number clearly in their answer.

· Late submission will NOT be accepted.

· Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

· All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

· Submissions without this cover page will NOT be accepted.

Assignment Question(s):

Q1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating)

Answer: 

Q2. Identify any two insurance companies in Kingdom of Saudi Arabia and explain any two insurance products offered by them. Your answer should be based on following points:

i. Name of the Company

ii. Type of Insurance

iii. Premiums

iv. Significant features of the insurance product

Answer:

Q3: Discuss in detail the various functions involved in “Transaction Cycle” with suitable examples.

Answer:

INTERNAL

INTERNAL

INTERNAL

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