Accounting for Insurance Companies

BPP Professional Education
Course summary
6 hours
650 GBP excl. VAT
London, Online courses
Next available date: Online delivery option may be available - Please contact provider. - Online courses
Professional Training

Course description

Accounting for Insurance Companies

The financial reporting of insurance businesses has been an area of significant change in recent years, and both accountants and non-accountants within this industry need to understand the changes and how the accounting rules impact their roles.This one-day course is designed to give participants an overview of the IFRS accounting rules for insurance groups (both life and non-life). There are no pre-requisites for the course, but a basic understanding of how the insurance industry operates, and the fundamental accounting rules would be helpful.

Suitability - Who should attend?

This one day course has been developed primarily for accountants and analysts who need to know more about the financial reporting of the activities of insurance companies. It may also be of interest to other professionals working with insurance groups.

Training Course Content

Learning outcomes include obtaining a greater understanding of:The mechanics of (and the players in) the insurance industryFormat and presentation of insurers financial statements (income statement, balance sheet and cash flow statement)Non life: reserves for unearned premium, unexpired risks and claimsLife: technical reserves, reserves for unallocated bonuses and deferred acquisition costsAccounting for investments: IAS 39 and IFRS 7Accounting for insurance contracts: IFRS 4 (1) and (2)Shadow accounting of insurance liabilitiesIndustry accounting trends and latest developments

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About provider

BPP Professional Education

BPP Professional Education -  Accountancy, Tax, Financial Services, Law & Insolvency Courses

BPP Professional Education is one of the specialist examination-based and professional development training arm of the BPP Group, Europe's biggest professional education and publishing provider with 2,000 staff members across 40 countries and over 30,000 students per year. BPP Professional Education...

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BPP Professional Education

3 London Wall Buildings
EC2M 5PD London

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