ACCT 424 Saudi Electronic University Insurance Accounting Worksheet
Description
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Assignment 2
Deadline: 18/2/2023@ 23:59
Course Name: Insurance Accounting
StudentàName:
Course Code: ACCT 424
StudentàID Number:
Semester: II
CRN:
Academic Year: 1444/1445 H
For InstructoràUse only
InstructoràName: Habiba Moabber
Students rade: / 15
Level of Marks: High/Middle/Low
Instructions LEASE READ THEM CAREFULLY
he Assignment must be submitted on Blackboard (WORD format only) via
allocated folder.
ssignments submitted through email will not be accepted.
tudents are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
tudents must mention question number clearly in their answer.
ate submission will NOT be accepted.
void plagiarism, the work should be in your own words, copying from students
or other resources without proper referencing will result in ZERO marks. No
exceptions.
ll answered must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism).
ubmissions without this cover page will NOT be accepted.
Assignment Question(s):
Q1. Structures of insurance companies&inancial statements (income
statement, balance sheet, cash flow statements) vary than structures the noninsurance organization due to the unique features of the insurance companies.
Give a sample of the structures for any selected Saudi insurance company¦inancial statements and explain the rational for classifying balance sheet
accounts. Write no less than 300 words (8 marks)
Answer:
Q2. Explain how three of the following elements can affect estimate of loss
reserve. Write no less than 300 words (7 marks)
he claims-handling process
Policy and exposure forms
Inflation
Legal trends
Environmental factors
Mix of claimants
Timeliness of claim reporting by claimants
Answer:
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