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Question 1: Underwriting in insurance involves assessing the factors that determine a potential customers risk profile. Assess this statement with respect to specific factors used
Question 1: Underwriting in insurance involves assessing the factors that determine a potential customers risk profile. Assess this statement with respect to specific factors used for creating the risk profile of a potential customer.
Question 2: Explain the stages involved in the make of an underwriting decision.
Question3: summarize the key changes introduced by IFRS 16 from the perspective of the lessee and how these impact on their financial reporting.
Question 4: Critically evaluate the three measurement approaches under IFRS 17 for different types of insurance contracts.
Question 5 : Which principles of insurance is highlighted in the following statement? Explain in
brief?
1. Insurer is not liable for any uninsured causes/perils
2. Insured should not make any profit in any way or as a consequence of loss.
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