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New York Institute of Finance via edX

Financial Analysis of Insurance Companies – Industry Overview and Analysis of Financial and Regulatory Reporting

4.614 ratings at edX

Overview

Take a deep dive into the operating practices, accounting methodology, and regulatory environment of the insurance industry.

What you'll 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/IFRS accounting
  • Describe the impairment tests for invested assets
  • Differentiate between loss reserves, policy reserves, UPR and IBNR reserves

Syllabus 7

  1. MO1: Life & Health (*Audit this module for free and upgrade to verified to unlock the remaining modules.)
  2. MO2: Property and Casualty
  3. MO3: Financial Reporting – Overview
  4. MO4: Statutory vs. GAAP Comparisons
  5. MO5: Regulatory Environment
  6. MO6: Operating Cycle
  7. MO7: Asset Valuation

Skills you'll practise

International Financial Reporting StandardsInvestmentsAccounting MethodsFinancial DataAnnuitiesFinancial AnalysisSAP ApplicationsAccountingGenerally Accepted Accounting PrinciplesRegulatory EnvironmentInterest RatesSolvencySales

Advantages and disadvantages

Advantages

  • University courses you can audit for free, with lectures, readings and practice quizzes.
  • A verified certificate from the university if you pay for it.
  • Self-paced: start any time.
  • A clear syllabus (7 parts) you can see before you start.

Disadvantages

  • Graded assignments and the certificate need the paid track.
  • Audit access can expire a few weeks after the course ends.
  • Learning is free, but the certificate costs money.
  • Some parts (graded work, certificate) are paid.

Some points apply to every course of this kind; see how we rank.

Free to audit

  • Free: Choose "Audit this course" when you enrol: lectures, readings and practice are free.
  • Paid: Graded assignments and the verified certificate (Certificate: $200). Audit access may end after the course closes.

Taught by

  • Jack FarmerInstructor

New York Institute of Finance is in Tier 4: commercial training companies and platform-made courses of our institution ranking (62/100).

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