You have been asked by an insurance underwriter to calculate the Unearned Premium Provision (UPP) that should be raised with respect to the following policies adopting the 24ths methodology. Inception Date Policy Number 1 2 3 4 14/01/2019 19/04/2019 01/07/2019 27/10/2019 Premium () 1,500 3,450 2,110 1,850 A non-life insurer called Catmac Insurance Plc issues new policies writing 17,000 in premiums during the accounting year ending 31 December 2019. Note that the premiums are collected upfront and policies have an annual coverage period. At the end of the year the company estimates that on these insurance contracts an Unearned Premium Provision of 6,300 should be raised. During the year, through a proportional reinsurance treaty, the company ceded 25 percent of written premiums, technical provisions and incurred claims. Calculate the Net Earned Premium for Catmac Insurance Plc for the 2019 accounting year. Given the information provided in Question 8, during the following accounting year (1 January 2020 to 31 December 2020), the non-life insurer issues new policies with premiums of 25,300. Once again the premiums are collected upfront and policies have an annual coverage period. At the end of the year (31 December 2020) the company estimates that on the policies it issued during the new accounting year, an unearned premium provision of 7,000 should be raised. During the year, through a proportional reinsurance treaty, the company ceded 10 percent of written premiums, technical provisions and incurred claims. Calculate the Net Earned Premium for Catmac Insurance Plc for the 2020 accounting year.