Understanding General Insurance Finance

  • Start Date

    19 Oct, 2021

  • End Date

    22 Oct, 2021

  • Price

    ₦185,000

  • WiFi

    Free wifi

Event Details

This highly interactive training course provides a basic understanding of insurance finance which will help you interpret clients' accounts, appreciate the financial pressures within the insurance business model and improve your ability to identify and manage risks and opportunities.

 

COURSE CONTENT

Finance Fundamentals

  •     Commercial cash flow and profit
  •     Capital, assets and liabilities
  •     Financial principles, conventions and rules
  •     Financial statements

 

Insurance Fundamentals

  •     The five distinguishing characteristics
  •     Insurance cash flow and the main dependencies
  •     Funded vs accrual accountings

 

The mechanics of premium

  • Calculating written/earned and gross/net premium
  • Unearned premium provisions
  • Direct costs, management expenses and acquisitions costs

 

Claims the direct costs

  • Claims notified: paid and outstanding
  • Technical/case reserving
  • Ultimate claims cost and incurred but not reported

 

Investment

  • Purpose and type of investment
  • Risk and return - asset and liability matching

 

Financial reporting

  •     Building the technical account/profit & loss and the balance sheet
  •     Interpreting the key performance ratios
  •     Underwriting profit or return on capital?

 

Solvency II

  •     Risk based capital adequacy
  •     The balance sheet: where are the inherent risks?

 

FOR WHOM:

Insurance Officers, Compliance Officers, Marketing Managers, HR personal.

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

DATE:

1ST BATCH:              16th – 19th Feb, 2021

2ND BATCH:             15th – 18th June, 2021

3RD BATCH:             19th – 22nd Oct, 2021

Other Dates

Start Date End Date
16 Feb, 2021 19 Feb, 2021
Start Date End Date
15 Jun, 2021 18 Jun, 2021
Start Date End Date
19 Oct, 2021 22 Oct, 2021
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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