Description

Understand how insurance accounting works to analyze a set of financial statements for an insurance company. Exploring accounting for premiums, claims and reserves for P&C insurance. ​Accounting for reinsurance. ​As well as the fundamental principles of life insurance, exploring US GAAP and IFRS accounting.

Learning Objectives

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1. Identify the key principles and methods used in insurance accounting.​
2. Understand the accounting for insurance premiums and reserves for P&C insurance.​
3. Understand the accounting for insurance premiums and reserves for life insurance.​
4. Understand the accounting for reinsurance within assets and reserves.​
5. Identify the key components of an insurance company's income statement and balance sheet.​​