Understanding Insurance Finance Workshop

Two half-days

22 & 23 July, 09:30 - 12:45 (UK)

This live on-line interactive webinar, spread over two half days, is an antidote to the mystique that surrounds finance!

The workshop introduces the concepts, dynamics and the jargon of insurance finance. It demonstrates how the basic financial principals still apply to insurance, but highlights where it is unique.

In a world where economic volatility will test the resilience of insurance companies, prudential management, capital adequacy and financial competence are on the agenda. This is prompting a stronger and widespread desire for every part of the business to “understand the numbers”, especially the industry’s financial exposures and the elements that contribute to profit (or loss) and capital adequacy.

Public course booking

Members: £199pp
Non-members: £259pp

To book this workshop for yourself or up to 6 Delegates, please complete the below form:

Corporate (In-house) training

To book this workshop for your company as a corporate (in-house) training session for between 7-16 Delegates, on a date that's convenient for you, please complete the below form to register your interest:

Summary

 Dates: 22 & 23 July 2025

 Timings: 09:30-12:45 (UK)

 Duration: 2 half-days

 No of attendees: Up to 14

 Format: Online - virtual delivery

 CPD: Recognised

Trainer: John Constable

 Price: £199 Members / £259 Non Members

Workshop Overview

This two half-days online interactive Training Workshop, will cover: 

• Insurance working capital cycle
• The economic characteristics of insurance: sources of opportunity and risk?
• Key accounting labels, concepts and rules: the fundamental accounting challenge
• The mechanics of premium: written/earned, gross/net, unearned premium reserves
• Acquisition costs and operational expenses
• The mechanics of claims: paid, outstanding and IBNR,
• Unexpired risk reserves/ claims equalisation reserves
• The P and L impact of prior year development: Reserve release or IBNER?
• The treatment of reinsurance
• A brief introduction to investment considerations: types of assets and asset liability matching
• Constructing the P&L (technical and non-technical account) and interpreting the balance sheet
• Key ratios: the combined operating ratio and its component parts, return on capital/equity
• Liquidity, solvency and capital adequacy
• Comparison with the Solvency II balance sheet

What will I get by attending the workshop? 

• Identify the financial characteristics that make insurance distinct from other industries
• Describe the insurance cash flow cycle, and the main dependencies
• Explain main accounting rules and how they are applied to measurement and reporting
• Describe the key terms – the language of insurance finance
• Explain the financial treatment of the drivers of profit (or loss…..)
• Explore the crucial role of financial assets and investment income to the ultimate result
• Navigate and interpret the profit and loss/income statement and balance sheet/Statement of Financial Position
• Appreciate the requirement for solvency and capital adequacy, and what this means in practice

Who should attend?

No matter your function, viewing the industry and your own firm through the lens of finance reveals the risks, dependencies and opportunities. Being able to understand where the numbers come from and the ultimate measures of business success brings immense career benefits. 

Corporate Solutions

We are able to offer training specifically for your company as a corporate (in-house) training session, for a set fee.

We can support your business with off-the-shelf courses for those studying our financial services units, our insurance units or those looking to develop their knowledge in a wide variety of technical and leadership areas. A full list of courses can be viewed in our 2025 Corporate Training Catalogue.

Please speak with your Relationship Manager who can explore your learning needs further or contact: business.enquiries@cii.co.uk

Public course booking form

Corporate (In-house) training

Interested in other courses?

For enquiries about this course, please email to: business.enquiries@cii.co.uk

Please note: The price of the workshop is based on British Pound Sterling (GBP). The purchase price will be processed using the relevant international currency conversion rate at the point of sale. Contact us for further information.

CII workshops are sold on a first come first serve basis, and therefore availability may change, depending on the number of bookings received. Once a workshop becomes full, the above date will no longer be available, and new dates will be published.

We reserve the right to postpone the above workshop dates, subject to a minimum number of bookings received. Your booking will only be confirmed, once payment has been processed and you receive a booking confirmation email from the training team.

Can't attend on this date? Register your interest in other training workshops and future dates.

Please ensure you refer to our terms and conditions before booking on to any of our training workshops. By booking on to this workshop, you are agreeing to our terms and conditions and for your information to be shared with our training provider.