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.