Insurance Financial Statements Workshop

FitchTraining
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' A one day workshop for those new to the analysis of insurance companies, covering the basics of insurance company financial statements. This workshop is a preparation for the Insurance Company Analysis workshop.

Content
STATEMENT LOGIC
Types of insurance company
Life, non-life and re-insurance
Relating the business to the balance sheet and income statement
Key activities and products
Risk profile and accounting for differing products
Non-life products - short tail and long tail lines
Life products - term assurance, with profits (endowment), guaranteed investment contracts, annuities, asset management and other savings products
Re-insurance - treaty and facultative re-insurance.
Accounting and disclosures
Sources of information and quality of disclosure
Financial statements - technical / revenue accounts and regulatory filings, balance sheet and income statement, cash flow analysis
Premium accounting - gross versus net, written versus earned
Claim accounting non-life - claims incurred versus paid, un-expired risks
Claim accounting life - benefits and surrenders, annual and terminal bonuses
Technical reserves - claims reserves, unearned premiums, mathematical provisions, equalisation and investment reserves
Investment accounting - marked to market versus cost accounting
Impact of re-insurance on assets, liabilities and claims
Intangible and other assets - deferred acquisition costs, PV in force business, embedded value
RATIO ANALYSIS
Investment risk - types of investment and quantifying investment risk
Underwriting risk - claims / loss ratio, combined ratio and other indicators of underwriting performance, reserve adequacy
Profitability - key profitability ratios
Capital adequacy - types of capital and ratios used to measure gearing and capital adequacy. ...''

Phone:+ 44 (0) 20 7201 2770

School Address:

28 Headfort Place, London, SW1X 7DH, United Kingdom.


Jobs & Resumes: London
Houses & Roommates: London
Travel Agencies: London

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