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Understanding Insurance Company/Syndicate Accounts

16 December 2019

London, United Kingdom

This LMA programme looks at the financial statements of an insurance company/syndicate to show how financial performance is measured and assessed.

Attendees will learn about:

• insurance company/syndicate accounts and the nature of insurance business
• what differentiates insurance company/syndicate accounts from other industries
• how financial reporting problems are solved, looking at technical (underwriting) and non-technical (non-insurance items: investment return, interest and tax)
• underwriting and profit & loss accounting
• premiums written and their effect on financial reporting
• unearned premium reserves movements
• reinsurance
• claims and their effect on financial reporting
• commissions, deferred acquisition costs and their effect on financial reporting
• balance sheet accounting
• insurance terminology and measurements – triangulations, traditional insurance business ratios – how they are calculated and what they mean
• insurance returns.

Event Website

Details

Date:
16 December 2019
Time:
9:30am - 5:00pm
Category:

Venue

LMA Presentation Room
Suite 426, Gallery 4, Lloyd's
London EC3M 7DQ  United Kingdom
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