Discuss methods of setting premium rates in insurance companies

Assignment Question(s):(5 Marks)

Q1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating) (1 Marks)

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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:

(2 Marks)

Name of the Company
Type of Insurance
Premiums
Significant features of the insurance product

Answer:

Q3: Discuss in detail the various functions involved in “Transaction Cycle” with suitable examples. (2 Marks)

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Answer preview:

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