QUESTION SIX (14 MARKS) (a) Jenny plans to obtain a compreh

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QUESTION SIX (14 MARKS) (a) Jenny plans to obtain a comprehensive… QUESTION SIX (14 MARKS)(a) Jenny plans to obtain a comprehensive life insurance coverage for herself but she is not sure whom she can approach to get the advice Suggest to her TWO (2) different insurance intermediaries and highlight the advantages or disadvantages of these intermediaries in helping her plan for the coverage that she wants.(6 marks)(b) Reinsurance can be used by an insurer to solve several problems. Assume that you are approached by a reinsurer for advice. For each of the following situations, recommend and explain to the reinsurer whit would be the appropriate reinsurance plan or arrangement to offer the ceding insurer(1) Company A is a primary insurer and it is a stable client of the reinsurer. Company A offers automobile insurance and it wants to reinsure 50% of its losses.(3 marks)(1) Company B is a primary insurer. Currently, Company B is not a client of the reinsurer. Recently, B has introduced a new insurance product covering the risk of loss on yachts. The average insured value is estimated to be RM300,000.(2 marks)(m) The reinsurer provides coverage for nuclear power plant property and liability risk and it wants to reinsure the risk with other insurance companies.(3 marks)Image transcription textQUESTION 51×04 MARKS) (a) {b} Jenny plans to obtain a comprehensive life insurance coverage for herselfbut she is not sure whom she can approach to get the advice. Suggest to her TWO (2) different insuranceintermediaries and highlight the advantages or disadvantages of these intermediaries in helping h… Show more… Show more Accounting Business Financial Accounting COB BWRR1013

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