Insurance Accounting Techniques

  • Start Date

    08 Feb, 2022

  • End Date

    11 Feb, 2022

  • Price

    ₦190,000

  • WiFi

    Free wifi

Event Details

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. It also gives an insight into key issues to consider when assessing insurance company accounts.

 

At the end of the course you will have: 

  • Gained an understanding of the key elements of insurance financial statements 
  • Gained an appreciation of the key issues with regard to the interpretation of accounts 
  • Gained an awareness of the regulatory and supervisory framework 
  • Gained a basic understanding of insurance technical provisions.

 

CONTENT

  • 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, 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.

 

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                        8th – 11th Feb, 2022

2ND BATCH                       14th – 17th June, 2022

3RD BATCH                       11th – 14th Oct, 2022

Other Dates

Start Date End Date
14 Jun, 2022 17 Jun, 2022
Start Date End Date
11 Oct, 2022 14 Oct, 2022
Start Date End Date
08 Feb, 2022 11 Feb, 2022
  • Venue

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

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