Insurance Accounting
| 30 June – 04 July 2025 | Abu Dhabi | 22 – 26 Sep. 2025 | Dubai | 24 – 28 Nov. 2025 | Abu Dhabi |
Course Objectives:
By the end of this course, participants will:
1.Understand the principles, concepts, and regulatory requirements of insurance accounting.
2.Learn to record and analyze insurance-related transactions, including premiums, claims, and reinsurance.
3.Gain skills in preparing and interpreting financial statements for insurance companies.
4.Develop expertise in applying industry-specific accounting standards such as IFRS 17 and GAAP.
5.Enhance the ability to evaluate financial performance and ensure compliance with regulatory frameworks.
Course Syllabus:
Day 1: Introduction to Insurance Accounting
1.Fundamentals of Insurance Accounting
2.Insurance Contracts and Transactions
3.Regulatory Frameworks and Standards
4.Workshop: Recording Basic Insurance Transactions
Day 2: Claims and Reserves
1.Claims Accounting
2.Establishing Reserves
3.Claims Reconciliation and Settlement
4.Case Study: Accounting for Claims and Reserve Adjustments
Day 3: Reinsurance Accounting
1.Basics of Reinsurance
2.Reinsurance Recoverable and Liabilities
3.Financial Reporting for Reinsurance
4.Workshop: Recording and Reporting Reinsurance Transactions
Day 4: Financial Reporting and Analysis
1.Insurance Company Financial Statements
2.Performance Metrics for Insurance Companies
3.Reporting Requirements and Disclosures
4.Practical Exercise: Analyzing Financial Statements of an Insurance Company
Day 5: Advanced Topics and Continuous Improvement
1.IFRS 17 Implementation
2.Risk Management in Insurance Accounting
3.Technology in Insurance Accounting
