In order to carry out the assignment, certain approaches and methodologies are required to be followed. The following approaches were followed in conducting this term paper.
1.1 Origin of the Report:
The report is a partial requirement of the course Risk Management & Insurance (FIN 410). That is why our honorable instructor assigned us to do a term paper on Reliance Insurance Company Limited. The report is conducted based on the financial statement and the website of the company. This report is a reflection of what we have learned in between the course.
1.2 Objective and the Scope of the Report:
The report was prepared as a part of our course work. The basic objectives of preparing this report are:
Analyze the financial statement of the insurance company and calculate different ratios.
Different policy the company offers.
Overall structure of the company.
1.3 Methodology of the Report:
The term paper was based on different numeric values collected from the financial statement of the company and plotting them in different equations, also some information regarding the company was collected from the company’s website
1.4 Sources of Data:
All the data and the information which was required to complete the term paper have been collected from the financial statements and the website of Reliance Insurance Company Ltd. That means, only secondary sources of data was used to complete the term paper, no primary source was used.
1.6 Limitations of the study:
Of course this term paper is not flawless and we had several limitations. The limitations of the study are given below.
Time shortage was one of the major limitations.
Coordination among the group members was another problem.
Collecting information from the annual report was little bit difficult because we do not have that much practical experience.
2.0 COMPANY PROFILE
Reliance Insurance Company Limited:
Following emergence of