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v) Statistics will be also be used by various
people. They are underwriting staff,
accounting staff, marketing, claims staff,
management and broker.

vi) The statistical information will also be used
for rating purpose.

vii) The data available will help in assessing IBNR
and also for claims reserving.

b) The main aspects for evolving a statistical
system are:
i) Production of statistics for each of the outward
treaties

ii) Preparation of outward accounts and various
other book of records

ii) Requirements of reconciliation of balances
and review of cash flow

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