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Financial and accounting analysis for insurance companies


Summary

Objectives and target group

The managers, their representatives, their assistants, the candidates to do their jobs, and those who work in commercial, Islamic, reinsurance, insurance companies and all types of banks in the following departments:

 

  • Financial Management
  • Fire Insurance
  • Health Insurance
  • Marine Insurance
  • Life Insurance
  • Reinsurance 
  • Social solidarity
  • Engineering insurance
  • International Banking Operations
  • General accidents insurance
  • Facilities and loans

 

At the end of the course, the participants will know:

  • Explaining the steps of the Documentary cycle for issuances in insurance companies
  • Explaining the types of technical allocations of insurance companies
  • Studying the items of calculating revenues and expenditures in the life and general insurance branches
  • Explaining the accounting treatment for reinsurance operations
  • Statement of items for calculating profits and losses and the statement of income in insurance companies
  • How to distribute profits in insurance companies
  • Explaining the list of financial position (balance sheet) of insurance companies
  • Identifying the role of the auditor and Actuarial expert in insurance companies
  • The importance of financial ratios used in insurance companies

 

Course Content

The types of accounting books in insurance companies:

 

  • The importance of matching the designed system to the nature, circumstances, size, and operations of the insurance companies. 
  • The compliance of the designed system with the regulating rules of the insurance companies.
  • The flexibility, simplicity, and the clarity in designing documents and documentary cycle for the different insurance processes.
  • The possibility of dividing the work among the employees to ensure the responsibility of each of them and to apply the internal control system in the company.
  • The availability of data to meet the needs of the insurance company department and the agency for evaluating performance.
  • External, supervisory, control and performance appraisal devices
  • The economical aspect of the system in order to make the return after the application is more than the cost. 

Documentary cycle In insurance companies

  • External, supervisory, control and performance appraisal devices
  • The suitable way to be applied in insurance companies and that is due to its various operations
  • The process of collecting or cash payment, where one is allocated for receipts and another one to payments
  • Conduct central journal entry with total auxiliary journals in all sections of insurance companies.
  • Technical allocations, its importance, types, how its formed, and their accounting treatment

The definition of Technical Allocations:

  • The location of technical allocations in the administrative organization of insurance companies
  • Technical allocations for people insurance and money creation
  • Accounting allocation
  • Allocations for claims under payment
  • Technical allocations for property and responsibilities
  • Allocations for effective risks
  • Allocation for claims under compensation
  • Allocation for adverse fluctuations

Accounting of revenues and expenditures in the life and general insurance branches

  • The different definitions of insurance
  • The history and evolution of insurance
  • The importance of insurance
  • The characteristics of insurance
  • Accounting course in insurance companies
  • Documentary group
  • Ledger Group

The Actuarial auditor and expert in insurance companies.

The importance of financial analysis tools and the performance evaluation for insurance companies:

  • The increase in insured units and its number, and not just stopping at the increase in the annual installments 
  • The geographical spread of the company, nationally and internationally. 
  • The increase in installments that take place after insurance deals and the increase in its percentage and number in the company’s portfolio.
  • Having a practical marketing policy, applying it and measuring its results.
  • The effort made to spread the insurance culture.
  • The financial ratios used to measure the performance of insurance companies
  • Solvency pointers for insurance companies
  • The rules of evaluating the performance and the steps that it goes through

The system for evaluating financial performance

  • Understanding the system for evaluating financial performance
  • The factors that affect the evaluation of the financial performance
  • Percentages and pointers the the evaluation of the financial performance
  • The financial percentages used in the evaluation of the financial performance
  • Analysis using financial balance pointers
  • Analyzing the financial percentages

 

Analyzing the level of financial liquidity that insurance companies have 

  • Funding structure
  • The effectiveness of debt collection
  • The percentage of profit
  • The methods of calculating trade rate
  • The methods of calculating receivables turnover and average
  • The methods of calculating the rotation of the operation capital

The effectiveness of the management 

 

Course Date

2024-07-01

2024-09-30

2024-12-30

2025-03-31

Course Cost

Note / Price varies according to the selected city

Members NO. : 1
£3800 / Member

Members NO. : 2 - 3
£3040 / Member

Members NO. : + 3
£2356 / Member

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