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Chartered Insurance Institute
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Introduction to insurance company accounts - one day course
 

Overview

This course provides delegates with an introduction to the knowledge required to produce, understand and interpret insurance company accounts. The course will provide a basic overview of the key aspects of insurance company accounts, including the regulatory and supervisory framework and insurance technical provisions. It also gives an insight into key issues to consider when assessing insurance company accounts.

Programme

  • Preparation of insurance financial statements 
  • Timescale of policies issued and claims settled 
  • Recommended accounting practices for short and long term business 
  • Revenue accounts for separate classes of business 
  • Gross account and reinsurance thereof inside or outside the country 
  • Balance sheets, including investments 
  • Layout of the accounts 
  • Key issues regarding the regulatory and supervisory framework, EU Directives, accounting standards for insurance, solvency requirements 
  • Insurance technical provisions, for example, unearned premium, unexpired risks, outstanding claims, claims handling expenses, discounting, incurred but not reported losses, catastrophe reserves 
  • Key issues regarding the interpretation of accounts, e.g. solvency, profitability, liquidity and security 
  • Overview of credit ratings.

Learning outcomes

At the end of the course you will have: 

  • Gained an understanding of the key elements of insurance financial statements 
  • Gained an appreciation of the key issues with regard to the interpretation of accounts 
  • Gained an awareness of the regulatory and supervisory framework 
  • Gained a basic understanding of insurance technical provisions.

Who should attend?

Anyone whose role requires them to be able to understand, interpret or assist in the production of insurance company accounts.

CPD hours

Attendance of this course awards up to 6 CPD hours where you consider it relevant to your professional development needs.

Book online

Fees for 2016courses are below. If booking for 2017 the correct fee will be shown post login during checkout. 

Sold out!

Scheduled dates for this course have now sold out, please keep checking the website for updates to availability. Dates are added subject to demand and can also be run in-house for corporate clients.