Classroom instruction is designed to enable you to make sense of the information contained in the financial reports by understanding statutory accounting definitions, the differences between statutory and GAAP accounting, insurance regulatory concepts, and required financial reporting
- Learn and define the terms used in life insurer statutory accounting and reporting
- Distinguish the types, risks and financial impact of the prevalent life insurance product lines
- Understand the components of an insurance company’s income statement, balance sheet and cash-flow statement
- Recognize the impact of differing accounting standards, reserving policies and changes in external variables (such as interest rates and asset prices) on the financial statements
Why two days for an introductory level program?
Because you're looking for more than a gloss of the subject.
The knowledge you gain from Life Statutory Accounting and Reporting will be the basis of your livelihood and a strong foundation for your future performance. You’ll need this knowledge to succeed whether you’re working within the insurance industry or performing financial, credit or transaction analyses from outside.
Devoting two full days to instruction presents the opportunity to explore the subject in depth. You'll have time to work with actual financial filings – learning what the line items mean, and discovering the interrelationships between the accounting components, and how the numbers flow into a life insurer's financial statements
Small class size for a personalized learning experience
We limit the number of registrants accepted for a session of Life Statutory Accounting and Reporting in order to provide an optimal atmosphere for professional education. You’ll be part of a small group of serious learners. The small size allows ample opportunity for individual discussion.