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Discuss the loss adjusting process

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Reference no: EM133154499

QUESTION ONE

a. Discuss the loss adjusting process as used in underwriting of insurance policy

b. Briefly explain at least 5 socio-economic benefits of insurance in Kenya

QUESTION TWO

a. Explain the underwriting policy and how it works in the insurance industry

b. Discuss 5 salient elements of insurable risk

QUESTION THREE

a. Briefly explain atleast 3 factors limiting the insurability of risks

b. Explain how the law of Accuracy and large numbers apply in insurance

Reference no: EM133154499

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