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17 October 2017

Accounting for insurance companies

Category: MASTER COURSE

Find out more about the financial reporting of the activities of insurance companies.

Who should attend?
This one day course has been developed primarily for accountants and analysts who need to know more about the financial reporting of the activities of insurance companies. It may also be of interest to other professionals working with insurance groups. 

What you will gain
The financial reporting of insurance businesses has been an area of significant change in recent years, and both accountants and non-accountants within this industry need to understand the changes and how the accounting rules impact their roles. 

This one-day course is designed to give participants an overview of the IFRS accounting rules for insurance groups (both life and non-life). There are no pre-requisites for the course, but a basic understanding of how the insurance industry operates, and the fundamental accounting rules would be helpful. 

Programme outline

  • The mechanics of (and the players in) the insurance industry 
  • Format and presentation of insurers financial statements (income statement, balance sheet and cash flow statement) 
  • Non life: reserves for unearned premium, unexpired risks and claims 
  • Life: technical reserves, reserves for unallocated bonuses and deferred acquisition costs 
  • Accounting for investments: IAS 39 and IFRS 7 
  • Accounting for insurance contracts: IFRS 4 (1) and (2) 
  • Shadow accounting of insurance liabilities 
  • Industry accounting trends and latest developments 

The course starts at 9.00am. Lunch and refreshments are included.
6 CPD hours (where applicable). 

Booking Information

Date Location Price
17 October 2017 - 09:00 London Price: GBP 615.00
Member price: £553. CDS member price: £490. Plus VAT on all prices.

Accounting for insurance companies

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount. Save up to 30% with the CIMA Corporate Discount Scheme (CDS). Find out more at: www.cimamastercourses.com/CDS

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Tailored training 
We can tailor any of our Mastercourses to meet your needs as well as providing completely bespoke training solutions. Find out more

Find out more 
If you have any queries please email or phone us on: +44 (0)3332 221608. Visit our booking page for information on how to book and pay.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA Mastercourses are held in partnership with BPP.  

CIMA on demand is our range of online CPD courses specifically designed for busy finance and business professionals who need training that's convenient and will fit around their schedule. Find out more