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