Financial Analysis of Insurance Companies

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 accounting. ,Describe the impairment tests for invested assets. ,Differentiate between loss reserves, policy reserves, UPR, and IBNR reserves. ,Identify the components of an insurer's capital and surplus. ,Describe the nature and purpose of reinsurance. ,Identify the key elements of risk transfer in a reinsurance agreement. ,Conduct ratio analysis to assess an insurer's financial condition and results. ,Explain the methodologies used by rating agencies. ,Describe the key components of the NAIC's risk-based capital (RBC) formula. ,Identify the warning signs of an insurer experiencing financial distress. ,Predict how changes in key variables might affect an insurer's financial results. ,Describe how insurance companies manage financial risk. ,Describe the impact of international accounting (IFRS) on the insurance industry. ,Refresh your knowledge of key insurance terms and concepts.