Manchester College Accounting Questions

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Due to recent market volatility, a small insurance company has breached the required solvency capital
requirements. The insurance company is at risk of becoming insolvent.
Required:
Answer sub-questions below.
RE
1a)
Mark
1
Briefly describe the issues relating to monitoring an insurance company’s solvency that you would
advise to the board of the company.
B
эс
E E
III
ili
ABC
123
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x²
A
B I U
X2
Resortuestion issue
1
of 8
1b)
Discuss the possible regulatory intervention, and the consequences thereof, that the insurance
company can expect after it breached the regulatory solvency requirements.
A
BI U
X2
x2
를 를 를
E E
ABC
123
2 с
a
You work for a general insurance company that covers numerous lines of business. The company is
making substantial losses on its motor insurance book and so are all the insurers in the market.
Describe actions your company can take to respond to this problem and outline the main advantage and
disadvantage of each action.
А – В І
U
X2
x2
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III
E E
X
ABC
123
о с
2 of 8
2
Questions attempted: 0/22
1
XYZ Corp is a medium-sized insurance company specializing in providing insurance solutions to
businesses. XYXZ Corp historically made profits on the commercial buildings and contents class of
business but has incurred losses for the past three years.
Required:
Answer sub-questions below.
—
За)
Outline the main drivers of profit and loss in a general insurance company.
I
Report que
3.18
of 8
1
3b)
Discuss possible reasons behind the losses and propose corrective actions where appropriate.
A
B U
X2
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jii
TIT
E E
ABC
123
р с

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