Insurance Accounting

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

 

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

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