P835-ANALYSIS OF FINANCIAL REPORTS (NON-LIFE)

 Background:-

The primary focus of the Regulators, Management and other stakeholders is that the Insurers have the financial strength and stability to fulfil the promises they make.   The peculiarity that ‘the cost of doing insurance business will be known later’ makes the understanding of the insurance finances complex. Solvency Regulations demand a sound system of assessing an insurance company’s assets and liabilities, which are the results of the business that the insurers undertake.

This programme aims to provide an understanding of the Financial Statements and other relevant financial reports with a view to formulating business decisions and integrate them with solvency requirements.  By attending this course, the participants would get a more holistic view of Income and Expenses Management and how decisions on business growth, pricing and claim reserving, in the aggregate, could have an impact on Profitability as well as Solvency in the general insurance industry.

Contents:

·         Understanding general insurance financial statements and Financial Reports

·         Analysis of Profitability and Liquidity

·         Understanding linkages of Business mix, growth and Claims for decision- making

·         Impact of Profits on Solvency and Capital 

Participants’ Profile:-

Scale IV and above, who are in charge of underwriting, claims, accounts audit functions at Regional offices. 

Duration: 2 days

Dates: 24.08.2023-25.08.2023