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Introduction to Insurance Company Accounts

Quorum Training

Summary

Price
£654 inc VAT
Study method
Classroom
Duration
1 day · Full-time
Qualification
No formal qualification

Location & dates

Location

Address
61-65
Great Queen Street
Central London
London
WC2B5DA
United Kingdom
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Address
9-10 Portland Pl, Marylebone
West London
London
W1B1PR
United Kingdom
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Overview

SPEAKER: PETER WOLF

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.

Description

CONTENT

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

Who is this course for?

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

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

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Similar subjects: Accountancy, Accounting and finance