Financial Analysis of Insurance Companies Professional Certificate

What you will learn:

• Describe major industry trends and challenges.
• Explain the insurance industry's regulatory environment.
• Describe the operating cycle of an insurance company.
• Compare and contrast statutory and U.S. GAAP accounting.
• Describe the impairment tests for invested assets.
• Differentiate between loss reserves, policy reserves, UPR, and IBNR reserves.
• Identify the components of an insurer's capital and surplus.
• Describe the nature and purpose of reinsurance.
• Identify the key elements of risk transfer in a reinsurance agreement.
• Conduct ratio analysis to assess an insurer's financial condition and results.
• Explain the methodologies used by rating agencies.
• Describe the key components of the NAIC's risk-based capital (RBC) formula.
• Identify the warning signs of an insurer experiencing financial distress.
• Predict how changes in key variables might affect an insurer's financial results.
• Describe how insurance companies manage financial risk.
• Describe the impact of international accounting (IFRS) on the insurance industry.
• Refresh your knowledge of key insurance terms and concepts.