Insurance Accounting Techniques Virtual Training

  • Time

    10:00am to 3:00pm

  • End Date

    13 Sep, 2021 - 15 Sep, 2021

  • Price

    ₦175,000

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:              13th – 15th Jan, 2021

2ND BATCH:             17th – 19th May, 2021

3RD BATCH:             13th – 15th Sept, 2021

Other Dates

Start Date End Date
17 Sep, 2019 20 Sep, 2019
Start Date End Date
13 Jan, 2021 15 Jan, 2021
Start Date End Date
17 May, 2021 19 May, 2021
Start Date End Date
13 Sep, 2021 15 Sep, 2021

Share this course