ACCT 424 Saudi Electronic University Insurance Accounting Paper

College of Administrative and Financial SciencesAssignment 2
Deadline: 03/6/2023@ 23:59
Course Name: Insurance Accounting
Student’s Name:
Course Code: ACCT 424
Student’s ID Number:
Semester: III
CRN:
Academic Year: 1444/1445 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: / 15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
• 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.
• 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):
Q1. List the seven financial statements disclosed by Takaful Companies.
Discuss each one of them. (Marks)
Answer:
Q2. Visit the following link (https://www.zurich.com.my//media/project/zwp/malaysia/docs/about-zurich/our-businessperformance/annual-reports/zurich-general-takaful-malaysia-berhad-annualreport-2021.pdf) pages 33 – 39. Calculate the following:
Claims Ratio
Expense Ratio
Return on Revenues
Return on Assets
Investment Yield (5 Marks)
Answer:
Q3. What is the purpose and importance of Reinsurance. Discuss the different
types of Reinsurance. Write no less than 500 words (5 Marks)
Answer: