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Insurance Accounting For Underwriters

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

Course description

Insurance Accounting For Underwriters

This one-day classroom training event has been developed for insurance underwriters who need a better understanding of the financial reporting of their business activities. Basic accounting principles are covered initially followed by the accounting for insurance activities.

Training Course Content

Course Content

The training day will include a mix of instructor presentation, group discussion and interactive exercises to reinforce the key learning points:

Basic accounting principles and financial statement mechanics

  • Cash flow statement
  • Income statement
  • Statement of financial position (balance sheet)
  • Terminology
  • Links and integration of the statements
  • Accruals concept
  • Simple statement construction exercise

Insurance accounting; accounting for underwriting business

  • Terminology (GAAP vs Lloyd’s)
  • Written premium
  • Reinsurance premium
  • Earned premium
  • Written vs earned (reconciliation)
  • Practical earnings exercise
  • Losses/claims
  • Practical issues

Investments and other topics

  • Balance sheet investments
  • Accounting for investment returns
  • Investment strategy
  • Other income statement expenses

Financial assessment; KPIs and industry benchmarking

  • Loss ratio, expense ratio, combined ratio
  • Investment return
  • Return on equity
  • Other key ratios, calculation and interpretation

Expenses

Special Offer:

This course is eligible for 25% discount for dates starting before 1st September 2020. For more information, please contact us with the form below!

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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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Contact info

BPP Professional Education

3 London Wall Buildings
EC2M 5PD London

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www.bpp.com

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