Understanding Life Insurance Company Financial Statements
Course Type: Classroom, Instructor-Led
Topics: Canada, Finance & Accounting, Life Insurance
Language: English
Sample Agenda
Welcome and Introduction
Overview of the state of the Canadian life insurance industry
Trends in sales and life products in Canada
The future: Critical issues facing the industry and implications on financial statements
Understanding Life Insurance Products
Overview of core life and annuity products currently offered in Canada
Fundamentals to Life Insurance Accounting and its Business Model
The accounting for premiums, commissions and claims and their timing of recognition in financial statements
Table exercises
Financial Statement Concepts and Risk Management
Critical estimates and assumptions that impact financial statements and fundamentals to the understanding of policy reserves
Management of those risks and assumptions
Interpreting and Using Financial Statements
IFRS reporting implications on financial statements
Insights to enable users to identify key ratios and other performance metrics from financial statements
Understanding of the users of life financial statements, regulatory environment, and key metrics from a regulatory perspective
Table exercises