Introduction to Insurance Company Accounts

Quorum Training

Course

In City of London

£ 545 + VAT

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Description

  • Type

    Workshop

  • Location

    City of london

  • Class hours

    6h

  • Duration

    1 Day

For those new to insurance company accounts

This one-day course is designed as an introduction to the financial statements of UK general insurers and life assurers under IFRS. It is suitable for those with little or no prior knowledge of the insurance market and will include an introduction to the principles, practices and terminology of insurance. However, participants are assumed to be familiar with basic accounting concepts and ordinary financial statements.

Facilities

Location

Start date

City of London (London)
See map
138-142 Holborn, EC1N 2NQ

Start date

On request

About this course

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

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Reviews

Subjects

  • Management
  • Risk Assessment
  • Risk
  • Accounts
  • Risk Management
  • Market
  • Admninistration
  • Financial
  • Insurance
  • IT risk
  • Company Accounts
  • Financial Training
  • Regulations

Teachers and trainers (1)

Peter Wolf

Peter Wolf

Teacher

Peter is a trainer and lecturer in finance, banking, capital markets and insurance. He is a Visiting Fellow at the New College of Humanities. Corporate clients for in-house courses include financial regulators, banks, insurers, asset managers, professional firms and IT companies. His courses include graduate induction to the City; financial statement analysis; bank and insurance company financial reporting and regulation; and bank payment systems.

Course programme

General insurance market

  • Introduction and background
  • Different classes of business
  • Sales and distribution; role of the broker
  • Lloyds and the London market
  • General reinsurance
  • Overview of prudential supervision

General insurance financial statements

  • Accounting and reporting standards
  • Insurance provisions
  • Financial statements: case study of a UK listed general insurer
  • Key performance measures

Life assurance market

  • Life products and terminology
  • Participating and non-participating business
  • With profits and smoothing
  • Profit sharing bases
  • Overview of prudential supervision

Life assurance financial statements

  • Accounting and reporting standards
  • Realistic basis of liability reporting
  • Mathematical reserves (provisions)
  • Financial statements: case study of a UK listed life assurer
  • New business strain
  • European Embedded Value accounts

See related categories

Introduction to Insurance Company Accounts

£ 545 + VAT

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