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Available Dates Available Dates

This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.

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Program Agenda

Schedule

  • Day 1

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  • Day 2

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  • Day 3

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  • Day 4

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  • Day 5

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Module 1: Structure of the Insurance Industry

In Class Training-Online Training

1

Different types of insurance structures


2

Global perspective of the insurance market


3

Different distribution channels for insurance business


4

Different types of stakeholder and their interests


5

Business and insurance ethics


6

Reasons for company growth, including mergers and acquisitions


7

Outsourcing to external service providers


8

Change in the UK and global insurance industry


Module 2: Management of Insurance Businesses

In Class Training-Online Training

1

Role and responsibilities of the board of directors and other senior executives


2

Key roles and responsibilities of managers, supervisors and non-managerial staff


3

Importance of business planning, performance monitoring, budgetary planning and control and decision making


4

The use of management information and management reporting


Module 3: Main Aspects of Corporate Governance

In Class Training-Online Training

1

Corporate governance framework and the incorporation of businesses


2

Statutory reporting requirements


3

How risk can be managed within the corporate governance framework


4

Importance of the management and protection of data, including accurate record keeping and reporting


Module 4: Role of the Various Functions within the Insurance Organization

In Class Training-Online Training

1

Role and significance of the main functions within insurance organizations


Module 5: Accounting Principles and Practices and their Application

In Class Training-Online Training

1

Purpose and function of financial accounting


2

Distinguish between financial and management accounting


3

Users of financial information and their information requirements


4

Apply the basic financial concepts and the accounting equation


5

Accounting for receipts and payments


6

Interpret companies' financial documents


7

Principles of management accounting


Module 6: Accounting Standards and Insurance Company Accounts

In Class Training-Online Training

1

Main accounting standards that affect insurance company accounts


2

Insurance company reserving methods, incurred but Not Reported (IBNR) and the importance of accurate claims reserving


Module 7: Financial Ratios

In Class Training-Online Training

1

Interpret general accounts through the use of financial ratios


2

Interpret insurance company accounts through the use of financial ratios


Module 8: Financial Strength of Insurance Companies

In Class Training-Online Training

1

Role of rating agencies and the rating process


2

Regulatory solvency requirements and how the financial strength of insurers is analyzed and the associated impact on them


Pre-Programs

Program Targets

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Understand the structure of the insurance industry

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Understand the management of insurance businesses.

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Understand the main aspects of corporate governance.

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Understand the role of the various functions within insurance organizations.

category

Understanding accounting principles and their application methods.

category

Understand accounting standards and insurance company accounts.

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Analyze businesses using financial ratios

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Understand the financial strength of insurance companies.

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