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Understanding Insurance Finance Workshop

23 & 24 July 2024, 09:30 - 12:45 (UK)

Online Training Workshop

Two half-days 

Finance for non-finance professionals!

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

Members: £249
Non-members: £299

booking form link

What will I get by attending the course? 

  • 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. 

Course Overview

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

 

Method of delivery

The Training workshops will be delivered onlineover two half-days (6 hours in total), via Zoom, on 23 & 24 July 2024, 09:30 - 12:45 (UK).

Delegates will be provided with short breaks during the sessions.

The training blends input, discussion and short practical exercises to progressively build and interpret the main financial statements.

Support notes are sent out as a pdf and participants are invited to read them beforehand. This focuses participants’ needs and they are invited to submit them in advance of the first session. Exercises are also sent out in pdf but ideally should be printed for use during the sessions.

Delegates must ensure they can access the online workshop through MS Teams. 

 

Trainer

John Constable

John has been in insurance for over 30 years. He now runs regulatory, risk, financial and business skills training for brokers and insurers. John’s versatility enables “joined up” training and coaching across many business subjects, bringing commercial awareness, credibility and energy. His work includes open and bespoke in-company courses, board training and development and executive coaching, and he was a faculty member on two of the Lloyd’s modular development programmes for young professionals.

 

Certificate

At the end of this course, you will receive a certificate of attendance from the Chartered Insurance Institute.

 

Price

 

How to book

To register for this course, please complete the below form: 

booking form link

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


 

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

We reserve the right to postpone the above course dates, subject to a minimum number of course 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 courses and future dates.

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