Finance Accounting

The question is attached. 

Assignment Question(s):  (10 Marks)

Q1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating)  (3 Marks) 

Answer: 

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

(4Marks)

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.   (3 Marks)

Answer: