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23 October 2019

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). 

CIMA work in partnership with BPP Professional Education to offer CPD training courses

Booking Information

Date Location Price
23 October 2019 - 09:00 London Price: GBP 650.00
Member price: £585. 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.

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

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

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: http://www.bpp.com/professional-education/privacy

The information provided to BPP will not be used by BPP for marketing purposes.

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