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Chartered Insurance Institute
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Finance for insurance professionals - two day course
 

Overview

This course has two overriding aims: to improve understanding of the financial dynamics of insurance and to enable learners to 'read' the accounts of any company using 14 key financial ratios. Two distinct modules cover these two aims, and both are prefaced by an 'Introduction to Accounts' module which ensures that learning is built on solid foundations. Throughout the course there is an emphasis on the practical application of new-found knowledge, and exercises and group-work are used extensively to reinforce learning.

Programme

  • Introduction to accounts 
    • Nature and purpose of accounts 
    • The main financial statements: balance sheet and profit and loss account 
    • Principles of accounting, and the implications for interpreting accounts 
  • Finance of insurance
    • The unique nature of insurance and specific balance sheet provisions 
    • Actuarial methods for loss reserving 
    • Financial year, accident year and underwriting year perspectives on data 
    • Insurance performance measures including loss ratios, operating profit and ROE 
  • Interpreting company accounts 
    • Profitability, efficiency, liquidity and solvency ratios 
    • How analysts interpret ratios 
    • Characteristics of different industry groupings.

CPD hours

Attendance of this course awards up to 12 CPD hours where you consider it relevant to your professional development needs.

Book online

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.