aaron josy (article) (29 Points)
14 August 2015How does one conduct an internal audit of a Reinsurance company . How does it differ from audit of insurance companies other companies in general . What are the key points to be noted . Can someone provide audit work flow and process details . Thank you !
ishan parikh
(Audit Manager)
(131 Points)
Replied 07 June 2016
it is very different from the regular insurance audit.
First, here in RI the business is between two different insurance comapnies & Not the individuals or corporated directly.
Secondly, to execute the business there are several types of reinsurance like Treaty/ Facultative. Facultative is a much similar to the conventional insurance business. but still it is RI is bit different in many ways.
It is emense knowledge on this topic.
Tell me specific area of inquiry.
CAclubindia
