Saudi Electronic University Insurance Accounting Discussion
I need an explanation for this Accounting question to help me study.
1.Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating
2. . 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:
- Name of the Company
- Type of Insurance
- Significant features of the insurance product
3. Discuss in detail the various functions involved in “Transaction Cycle” with suitable examples.