1. Following is the data with respect to Alpha Insurance Company Ltd: Claims paid during the...

 

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1. Following is the data with respect to Alpha Insurance Company Ltd: Claims paid during the year 2010-11 Claims outstanding on 31-3-2011 Claims outstanding 1-4-2011 Reinsurance claim for 2010-2011 3750000 640000 380000 440000 45000 325000 Legal expenses Claims intimated but not accepted by 31-3-2011 Accounting year closes on 31-3-2011. How will you evaluate the above records with respect to the calculation of insurance claims? What are the suggestions to minimize the loss on account of computation of insurance claims to the insurance company? 1. Following is the data with respect to Alpha Insurance Company Ltd: Claims paid during the year 2010-11 Claims outstanding on 31-3-2011 Claims outstanding 1-4-2011 Reinsurance claim for 2010-2011 3750000 640000 380000 440000 45000 325000 Legal expenses Claims intimated but not accepted by 31-3-2011 Accounting year closes on 31-3-2011. How will you evaluate the above records with respect to the calculation of insurance claims? What are the suggestions to minimize the loss on account of computation of insurance claims to the insurance company?

Answer rating: 100% (QA)

To evaluate the records and calculation of insurance claims for Alpha Insurance Company Ltd we need to analyze the given data and consider suggestions to minimize loss on account of claim computation ... View the full answer