Venue:

USA, London (UK); Dubai

Price:                  £4,850  FOR 2 Weeks

Duration:            £3,450  FOR 1 Week

Dates:

February 12, 2018

March 12, 2018

April 9, 2018

May 7, 2018

June 11, 2018

July 9, 2018

August 6, 2018

September 10, 2018

October 8, 2018

November 12, 2018

December 3, 2018

* These courses are held at various locations on these dates

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.

Course benefits

•     Assists in providing an introduction to insurance company accounts
•     Provides an insight into key issues to consider when assessing insurance company accounts

Who should attend

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

Outline program

•     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,  
•     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