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The assignment is individual assignment and this assignment as practical assignment you need to contact with the local insurance company via ( telephone call, email, website, …. ),  and try to meet the assignment requirement and link that in what we learn from the course and apply it in your project assignment, the assignment worth (10%) out overall grade. The assignment should be at least five pages to seven pages long.

Dr. Humoud AlMutairi Principles of Risk Management and Insurance FIN: 361

Department of Economic and Finance

Principle of Risk Management and Insurance, fall 2020

FIN: 361

Project assignment

The assignment is individual assignment and this assignment as practical assignment you need to contact with the local insurance company via ( telephone call, email, website, …. ), and try to meet the assignment requirement and link that in what we learn from the course and apply it in your project assignment, the assignment worth (10%) out overall grade. The assignment should be at least five pages to seven pages long. (Not that you can start your project assignment from the first day).[footnoteRef:1] [1: You may start your project from the first day it is building block assignment for instant after we cover the chapter you may work parallel with your project assignment.]

I. The requirement for the assignment:

A. Date of Incorporation
B. Commencement of Business
C. Authorized Capital
D. Pre – IPO Paid up Capital
E. Paid up capital
F. Number of employees
G. Give an example of Loss ratio of the company
H. Expect ratio of the company

II. Describe the principle product or services of the insurance company provide.

III. Conduct a financial ratio analysis for the past three years. Choose a benchmark to compare the financial ratios.

Example:

A. Current Ratio = Current Assets / Current Liabilities
B. Loss Ratio = Net Claim Paid / Net Premium
C. Expense Ratio = underwriting Expenses / Net Premium
D. Combined Ratio = Loss Ratio + Expanse Ratio
E. Return on Revenue = Net operating Income / Total Revenue
F. Return on Assets = Net Income / Total Asset
G. Return on Equity = Net Income / Total Shareholder’s Equity
H. Investment Yield = Investment / Investment Income
I. Debt to Equity Ratio = Total Debt / Total Equity
Or
J. Debit to Equity Ratio = Total Liabilities / Total Shareholder’s Equity

IV. Conclusion:

In conclusion you need to see how the insurance company work (In times of a pandemic), also conclude with an assessment of the overall performance of the Insurance Company. How well do you think this company is performing overall? Make your recommendations.
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