As for GPIC, the main reason for doing this project is to provide them with a criteria to help them evaluate insurance companies and rank them regarding their ability to pay their money back in case of a claim occurrence. This criteria is evaluating property and casualty insurance in specific as GPIC more concern in analyzing it rather than other insurance types as they work in a very sensitive environment that an accident may cause major damages, besides to the fact that it is more risky and expensive.
The criteria were undertaken based on financial and non-financial factors. Evaluation insurance companies are not hard once you get all the information you need. However, challenges and problems in searching for this information was time consuming not to mention the problem of a high probability of unreliable resources. Moreover, Lack of date and information was one of the major weaknesses in this project. Searching for information wasn’t the only obstacle faced in this project but implementing and testing figures to get a reasonable rate was a big challenge.
To reach the final criteria, many steps were taken into consideration just before deciding the variables which may have an effect on companies rating. The first step of this project was studying the local and worldwide insurance market and how it developed over the year...
... middle of paper ...
...fe insurance in the country are both motor and property (Emirates increases its production of chemicals to reach 7.4 million tons over 5 years, 2011).
More important, Alpen Capital’s GCC report mentioned that GCC will experience a growth in life and non-life insurance sector as well as regulatory positive development. A significant sign confirming on this development is the rise in premium from 2008 to 2012 by 11.8% to reach 16.3 billion (GCC insurance industry). While in 2017 it is estimated that non-life insurance will expand around 20% annually. Currently, Saudi Arabia and Emirates are the strongest within GCC countries in this sector. Emirates in particular is the dominative country from the GCC due to its huge contribution of GWP which was a percentage of 44.1% in 2012 (Emirates increases its production of chemicals to reach 7.4 million tons over 5 years, 2011)
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Most of the large dams designed with complicated geometry in which physical models have been used extensively. Overflow design guidelines has been used for standard geometries, which are fairly simple. For more complex geometries, physical and numerical models studied here was helpful. The disadvantages with the physical models are high costs and that it can take fairly long time to get the results. In this paper we used a numeric method that is called volume of fluid (VOF) to calculate flow rates on three types of ogee spillways.... [tags: geometry, hydraulics, floods]
1186 words (3.4 pages)
- Table of Contents. Answer 1. 2 1. Healthcare Plan 2 1.1 Flex Medical Plan. 2 1.1.1. Features/ Benefits of the Flex Medical Plan. 2 1.1.2 Schedule of Benefits. 3 1.2 Early Care critical Illness. 5 2. Individual Life Insurance 6 2.1 SmartLife Pro. 6 2.1.1 Benefits of SmartLife Pro. 6 2.2 Super Wealth Plan 7 Overall Benefits for this plan: 7 3. Investment Linked Plan 8 3.1 Zurich FlexiLife Plus. 8 3.1.1 Benefits of Zurich FlexiLife Plus 8 Answer 2 9 Accidental Death Benefit Rider. 9 Accelerated Death Benefit Rider. 10 Waiver of Premium Rider. 10 Guaranteed Insurability Benefit rider. 10 Answer 3 11 1. Life Insurance for the Young, Single and on their own! 11 2. Newly Married 12 3. Family 14 4.... [tags: Financial Planning Essays]
3083 words (8.8 pages)
- RATIO AND FINANCIAL STATEMENT ANAYLSIS Ratio and Financial Statement Analysis can be seen as a means to an end i.e. Ratio analysis is a financial tool to derive a Financial Statement. Financial Analysis are accounting reports in respect of economic activities prepared periodically to measure the performance of the business. It could also be said to be the analysis established for evaluating the performance of companies. Such criteria are used as parameters in deciding whether the organisation is performing satisfactorily or not.... [tags: Financial ratio, Financial ratios, Balance sheet]
1068 words (3.1 pages)
- Over history financial advisors have played a very important role in society by handling the money of all different types of people, rich or poor, through depressions as well as economic booms. These advisors help people retire and save for events in life that are expected as well as unexpected and are ingrained in a society with ever-changing wants and needs. However, what if the same services that a human financial advisor can be made so that they are cheaper to use and can better predict market volatility.... [tags: Investment, Finance, Financial adviser]
1536 words (4.4 pages)
- The novel “Dead simple” by Peter James is a gripping novel which keeps the reader on the edge of his seat throughout. The story is about a young man named Michael who is on his stag due with his friends and when they play a harmless prank on him (burning him in a coffin.) It goes seriously wrong when they are killed in a car accident and the question remains, where is Michael Harrison. This essay will examine how Peter James creates suspense throughout the novel using various literary techniques.... [tags: Dead simple, Peter James, ]
711 words (2 pages)
- The job characteristics model is a fantastic tool in organizing and designing jobs for all levels of the company. It is characterized by five core job dimensions, which then feed into three critical psychological states, which ultimately feed into four desired personal and work outcomes. The five core job dimensions include skill variety, task identity, task significance, autonomy, and feedback. Establishing a good base for skill variety, task identity, and task significance will lead into the employee experiencing meaningfulness in the work they do.... [tags: Motivation, Management, Psychology]
802 words (2.3 pages)
- Apple Inc: Financial Analysis Problem 1: Liquidity Analysis: Liquidty Ratios are used to judge short term solvency of the company as if it have sufficient working capital to pay off its short term obligation. Generally two measures of Liquidity Ratios are used by analyst to adjudge the liquidity position of the company: • Current Ratio • Quick Ratio/Acid Test Ratio 1) Current Ratio: Calculated as ratio of Current Asset and Current liability, this liquidity ratio is considered to be true indicator of a firm’s liquidity.... [tags: Financial Analysis]
897 words (2.6 pages)
- Leading representatives of the financial industry invested $ 30 million in the company called Chain, which works with banks and other financial institutions, creating the infrastructure for the organization of trade and transfer of digital assets, using basic technology Bitcoin, called chain blocks or blockchain. And finally Wall Street continues to bet on a technology that until recently was considered just another fad. The list of investors includes such financial giants like Visa, NASDAQ, venture capital division of Citigroup - Citi Ventures, Bank Capital One, a leading provider of financial technology Fiserv, as well as the phone operator Orange, which previously reported plans to invest... [tags: Financial services, Bank, Investment, Asset]
917 words (2.6 pages)
- Financial Instability The soaring volume of international finance and increased interdependence in recent decades has increased concerns about volatility and threats of a financial crisis. This has led many to investigate and analyze the origins, transmission, effects and policies aimed to impede financial instability. This paper argues that financial liberalization and speculation are the most reflective explanations for instability in financial markets and that financial instability is likely to be transmitted globally with far reaching implications on real sector performance.... [tags: Financial Market Finances Accounting Essays]
3554 words (10.2 pages)
- Field of interest: Financial Analysis I am interested in investing and that means that I am interested in almost all "investment vehicles"; from stocks and bonds to futures and options. However, I am in certain stage of my life where I don't have high income. So I shifted my interest primarily toward options. Because of the simply reason, options in 100 shares will cost much less than actually buying 100 shares. This reason and my today's situation have "forced" me to be more interested in options.... [tags: Financial Analysis Investing Investment Types]
1286 words (3.7 pages)