Description
No copy paste. matching ratio should not exceed 5%.
I want new text answer, not copied or rephrased.
Requirements:
Follow APA-style referencing.
Use Times New Roman (size 12, double-spaced) font.
Answer the below 3 Questions:
Q1. Read the following features related with types of reinsurances and identify the correct type of reinsurance: (1 Marks)
A. This type of reinsurance is also termed as stop loss reinsurance.
B. In this type agreement, the policyholder is unaware about any indemnity reinsurance transactions pertaining to original contract.
C. This type of reinsurance is related with either retaining all claims up to a particular and stated amount by the insurer or retaining each risk.
D. In this type of insurance, the policyholder is required to provide the necessary consent to releasing the ceding company.
Q2. Structures of insurance companies’ financial statements (income statement, balance sheet, cash flow statements) vary than structures the non- insurance organization due to the unique features of the insurance companies.Give a sample of the structures for any selected Saudi insurance company’ financial statements and explain the rational for classifying balance sheet accounts. Write no less than 300 words (2marks)
Q3. Explain how three of the following elements can affect estimate of loss reserve. (2 marks)
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Explanation & Answer
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INSURANCE
1
Insurance
Student Name
Institution Affiliate
Date
INSURANCE
2
Question one
The answer to this question is A because when the insurer transfers risk to a third party,
the process is known as stop-loss reinsurance.
Question two
The organization is one of the best cooperative insurance Tawuniya, a joint Saudi jointstock company that was started in 1986. The company was the first national organization in the
insurance sector where it was given a license in the kingdom of Saudi Arabia to put into practice
all ki...