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Design a report on the regulations in the insurance industry

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Reference no: EM132171301

1. Project Objective:

In this project, students are required to design a report on the regulations in the insurance industry and distinguish between the functions of insurers and the financial aspects of providing insurance in addition to the future of the insurance industry.

This report is a Manual of most important topic in Risk Management and Insurance (Functional and Financial Operations in the insurance industry), which explain the following aspects:

- Functions of insurers
- Financial aspects of insurers
- Reinsurance

2. Contents of the Project

In this project, you must include the following sections:

1) Executive Summary

2) Overview ofthe regulation in the insurance industry andthe financial aspects.

3) Differentiate between:

- Functions of insurers
- Financial aspects of insurers
- Reinsurance

4) Each groupin this project should collect the financial statements for any local or foreign insurance company and they will use the data to define and calculate:
Loss ratio
Expense ratio
Combined ratio

Then they should describe the profitability in that company depends on the results in the previous ratios.

5) Discuss the future of the insurance industry in United Arab Emirates

6) Conclusion

7) References

Verified Expert

It is a lengthy assignment which deals with the perspective of United Emitires Arab IT EXPLAINS IN DETAIL about the insurance and the insurance policy of the country, further, it deals with explaining all the rules and regulations and various losses and expense ratios. It explains in great details the various compliance new and old as well as various compliance and the formulas. This assignment is great detail provides a wide clarification about the economy and the country trade conditions as well as industry and the insurance policies.

Reference no: EM132171301

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len2171301

11/19/2018 11:40:36 PM

Project Assessment Criteria The assessment of the project will be undertaken by the instructor. Marks distribution will be as follows: Report Body 10 marks Presentation of the project 5 marks Project Submission - Project submission date is 25. - In addition to the hard copy, students are required to submit the report in soft copy also through the system which is available online at account. High “similarity index” will result in low marks for the project submitted. Formatting Requirements Desired page limit of the project is 30 pages. Make sure to include references.

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