1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating)? 2. Identify any two…

1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating)? 2. Identify any two…

Question:

1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating)?2. Identify any two insurance companies in Kingdom of Saudi Arabia and explain any two insurance products offered by them. Your answer should be based on following points:i. Name of the Companyii. Type of Insuranceiii. Premiumsiv. Significant features of the insurance product

Expert Answer:

Answer rating: 100% (QA)

Sure let s discuss the methods of setting premium rates in insurance companies and then identify and
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