Insurance Accounting Assignment Help

Insurance Accounting Assignment


  • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
  • Assignments submitted through email will not be accepted.
  • Students 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.
  • Students must mention question number clearly in their answer.
  • Late submission will NOT be accepted. Insurance Accounting Assignment Help
  • Avoid 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.
  • All 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).
  • Submissions without this cover page will NOT be accepted.

Assignment Question(s):                                                                      (Marks 10)

Q1. Reinsurance is a form of insurance purchased by insurance companies in order to mitigate risk. Essentially, reinsurance can limit the amount of loss an insurer can potentially suffer. In other words, it protects insurance companies from financial ruin, thereby protecting the companies’ customers from uncovered losses.

Insurance Accounting Assignment Help


  1. How do reinsurance companies work? (1 Mark)
  2. What are the Reinsurance Contracts? (2 Mark)
  3. Give example of reinsurances companies in KSA and describe their main services (1 Mark) Insurance Accounting Assignment Help

Q2. What is the concept of “Fair Value? Outline the basic difference between fair value and book value of an asset. Explain the key features of fair value defined by FASB ASC.                        (3 Marks)

Q3. Explain how three of the following elements can affect estimate of loss reserve. (3 marks)

  • The claims-handling process
  • Policy and exposure forms
  • Inflation
  • Legal trends
  • Environmental factors
  • Mix of claimants
  • Timeliness of claim reporting by claimants

APA style

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