Tag Archives | Insurance Companies

Final Accounts of General Insurance Business

In this article we will discuss about the Final Accounts of General Insurance Business along with solved illustrations. Insurance other than life insurance is called general insurance. Fire insurance against loss of property due to fire and marine insurance against loss of cargo, freight and ship are examples of general insurance Reserve for Unexpired Risks: […]

Final Accounts of Life Insurance Business

The insurance companies are required to prepare their financial statements i. e. Revenue Account, Profit and Loss Account and Balance Sheet according to the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors’ Report of Insurance Companies) Regulations, 2002. Insurers carrying on Life Insurance Business should comply with the requirements of Schedule A […]

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