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Understanding Life Insurance Company Financial Statements

October 11, 2019
PwC Canada, Toronto, Ontario

Financial statements have become increasingly more complex to comprehend and interpret. This course is designed to help you build the foundation needed to understand and use financial statements.

Who Attends

This course is ideal for individuals in non-finance/accounting roles who seek a good working knowledge of financials, as well as for finance/accounting professionals who are new to the life insurance industry.


At the end of the course, you’ll be equipped to:

  • Understand the state of the life insurance industry in Canada and its implications on financial results
  • Explain life insurance terminology and the various insurance products current offered in the Canadian market
  • Apply the fundamentals of life insurance accounting, including timing and recognition of premiums and claims, and the life insurance profit model
  • Understand the key areas of risk and related disclosures included in the financial statements, the critical assumptions that impact financial results and how the industry manages those risks
  • Utilize analytical tools and identify key performance indicators that are essential to evaluating a life insurance company's performance
  • Describe IFRS reporting implications on financial statements


Phone: (905) 530-2309

Email: lomacanada@loma.org