Insurance Company Accounting, Risk, and Investment Evaluation Course
1Summary
Insurance, at its core, is organized cooperation: a large pool of insured people facing similar risks, with the insurer responsible for structuring that cooperation on sound technical grounds — estimating premiums accurately enough to cover real losses without dipping into its own capital. Getting that right depends on solid accounting and a clear-eyed view of risk.
This course looks at how accounting functions inside an insurance company — its components, principles, and the qualities that make a good insurance accountant — alongside a practical framework for risk management: assessment methods, precautions, and how risk connects to company policy. It closes with the financial side of decision-making, covering how insurance companies evaluate projects and investment opportunities before committing capital.
2Objectives and target group
Target Audience
- Directors and owners of insurance and other commercial companies, and general managers in public and private companies.
- Internal audit and financial control staff, including audit office directors and managers.
- Accountants and employees of accounting departments at insurance companies.
What Participants Will Take Away
- A working knowledge of insurance concepts, insurance operations, and the legal requirements that govern them.
- An understanding of accounting's role, functions, and objectives inside insurance companies, and the components of the accounting system.
- Enough grounding in risk assessment and financial evaluation to support sound company management decisions.
3Course Content
Module 1: Insurance and Reinsurance Fundamentals
- The concept, growth, and types of insurance, and the parties and legal principles governing insurance contracts.
- The concept of reinsurance and its types.
Module 2: The Insurance Accounting System
- The concept, characteristics, objectives, and functions of accounting in insurance companies.
- The components of the accounting system, and the principles governing insurance contracts.
- What makes a good accountant in an insurance company.
Module 3: Risk Management Framework
- Risk management philosophy, laws, principles, and standards, and building a risk management strategy or plan.
- Methods of risk assessment, and the relationship between risk and institutional policies and procedures.
- Precautions for avoiding risk, certification methods, and how to handle risks resulting from corruption.
- Risk assessment categories and field work.
Module 4: Evaluating Projects and Investments
- Project valuation: an overview of the need for it and the factors affecting it, including changes in financial status.
- Project assessment methods: net present value of cash flows, internal rate of return, and return on maturity.
- Responsibility, impairment, and regional evaluation, including special cases and preferences among project alternatives.
Module 5: From Feasibility Study to Implementation
- The concept of investment, studying investment opportunities, and conducting a feasibility study.
- Technical and marketing feasibility studies, and final evaluation.
- The project implementation stage and the characteristics of the transactions stage.
Module 6: Delivery and Certification
- Course locations across Egypt, Jordan, Malaysia, Turkey, Europe, Australia, and the United States, scheduled around participants' availability.
- Training formats: group, individual, field, and theoretical training.
- A certified completion certificate from the Arab British Fellowship Training Academy.