Licentiate Examination - IC 11 - Practice of General Insurance Exam - Important Points
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The Chain Ladder format is also known as Triangulation. The Triangulation or Chain Ladder technique is a simple operation to give an idea of the claims development in a risk or sub-class over a number of years.
Insurers follow two premium insurance styles : Asset Liability Management and Modern Portfolio Theory
General Accounting must be in line with Accounting Standards issued by ICAI.
Stakeholders in an Insurance Business - Government / Regulator, Shareholders, Underwriters, Insurance Company Management. The policyholder is not directly a stakeholder.
As per premium investment guidelines by IRDA, investment in Central Government Securities should not be less than 20%.
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