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Global Financial Markets Institute»Fundamentals of Insurance

Fundamentals of Insurance

Course Objectives

By the end of the course, participants will be able to:

  • Discuss industry definitions & structure including:
    • Definition of risk & insurance
    • The role of insurance companies
    • Differences between Property & Casualty and Life companies
    • Overview of the global insurance marketplace
    • Insurance vs. Reinsurance
    • Two accounting standards
    • Types of ownership structures (stock, mutual, mutual holding companies)
  • Recognize the primary factors determining insurance financial strength
    • Profitability (the ability to earn income)
    • Liquidity (the ability to convert assets into cash to pay claims and/or fund policyholder liabilities)
    • Leverage (the ability to produce, grow or expand business through borrowing)
  • Explain industry regulation including:
    • State oversight for licensing, monitoring, consumer protection
    • Coordination by the National Association of Insurance Commissioners (NAIC)
    • Securities and Exchange Commission (publicly registered “stock” insurers and holding companies)
    • Federal legislation
      • Financial Services Modernization Act of 1999
      • Dodd-Frank Wall Street Reform & Consumer Protection Act of 2010, which created the Federal Insurance Services Office

Suggested Prerequisites: None

Program Level: Foundational

Advance Preparation: None

Computers and Financial Calculators: N/A

Recommended CPE Credits: 14

Duration: 2 days

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    • Virtual Instructor Led Seminars
    • Alternative Investments
    • Asset Liability Management
    • Capital Markets
    • Commodities
    • Corporate Finance
    • Credit and Credit Analysis
    • Credit Derivatives
    • Derivatives
    • Digital Assets
    • Economics
    • Equities
    • Financial Statement Analysis and Accounting
    • Fixed Income
  • Foreign Exchange
  • Insurance
  • Municipals
  • Mutual Funds and ETFs
  • Operations
  • Portfolio Management
  • Quantitative Methods and Excel
  • Regulation and Compliance
  • Risk Management
  • Securities Lending — Repurchase Agreements
  • Securitization Course – Structured Finance
  • Structured Products
  • Wealth Management
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  • About Us
    ▼
    • Our Story
    • Our Team
    • Our Clients
    • Strategic Alliance
    • Our Associations
  • Services
    ▼
    • Virtual Instructor Led Seminars
    • Training Needs Analysis
    • Custom Built Training
    • Subject Matter Experts
  • Training Courses
    ▼
    • Virtual Instructor Led Seminars
    • Alternative Investments
    • Asset Liability Management
    • Capital Markets
    • Commodities
    • Corporate Finance Course
    • Credit and Credit Analysis Course
    • Credit Derivatives
    • Derivatives
    • Digital Assets
    • Economics
    • Equities
    • Financial Statement Analysis Accounting
    • Fixed Income Courses
    • Foreign Exchange
    • Insurance
    • Municipals
    • Mutual Funds and ETFs
    • Operations
    • Portfolio Management
    • Quantitative Methods and Excel
    • Regulation and Compliance
    • Risk Management
    • Securities Lending — Repurchase Agreements
    • Securitization and Structured Finance
    • Structured Products
    • Wealth Management
  • Training Methods
    ▼
    • Classroom Training
    • Virtual Instructor-Led Training (VILT)
    • Online Learning — eLearning
    • Financial Simulation
    • Blended Learning
  • Insights
    ▼
    • eNews
    • Articles
    • Glossary
    • Blog
    • Case Studies
  • Contact us