Life Accounting and Analysis is a three day fast-track course, designed for professionals with some foundational concepts already under their belts. This seminar provides the essential concepts from our two-day Statutory Accounting and Financial Analysis courses in one concentrated program. It is ideal for those who need to read, understand, and analyze life insurance industry statutory financial reports. A comprehensive approach will take you from insurance basics to high level financial analysis.
You'll learn the basic skills needed to perform analysis on the financial strength of a life insurance company. The course begins with an industry overview, focusing on regulation, products, distribution, corporate structure, and profitability. The seminar uses vertical analysis techniques for assessing Statutory and GAAP financial schedules, horizontal analysis for assessing results over time, and benchmarking to track a company’s results against industry and regulatory standards.
Real-life examples and actual company data will provide you with practical learning opportunities regarding the application of profitability measurements, solvency requirements, and financial ratio experience in analyzing the financial strength of a life insurance company.
Regulatory Reporting Impact
Statutory vs. GAAP Accounting
Life Insurance Business Cycle
Analytical Methodology Described
Introduction of Statutory Filings
Capital Account Review
Capital Structure of Companies
Life Insurance Reserves
Regulatory Control Measures
Ceded Reinsurance Analysis
Capitalization/Financial Strength Tests
Risk Based Capital
Red Flag Review
Prerequisites: This program presumes an understanding of basic accounting and analysis concepts.
Although lodging is not provided as part of this program, the hotels listed below are convenient to the Downtown Conference Center. Please call the Downtown Conference Center to inquire about negotiated rates or with any other lodging related questions (212) 618-6990.
Millennium Hilton55 Church St.212-693-2001800-HiltonsGild Hall15 Gold St.212-232-7700800-268-0700Seaport Inn 33 Peck Slip212-766-6600Hampton Inn Seaport320 Pearl St.212-571-4400Conrad Hotel102 North End Ave.212-945-0100Eurostars Wall Street Hotel 129 Front St.212-742-0003Wall Street Inn 9 S William St.212-747-1500Ritz-Carlton Battery Park 2 West St.212-344-0800
Kevin has spent his entire career in the insurance industry and since 1996 has worked as independent consultant and instructor conducting in-house and open enrollment training for Wall Street and industry firms.
Prior to 1996 he was senior vice president of an international insurance/reinsurance consulting firm, providing management and accounting services to private and public institutions.
Kevin's industry management background includes executive financial positions with holding companies, underwriting organizations, and as vice-president of reinsurance operations with a reinsurance intermediary. In 1988, he co-founded a consulting firm, which was subsequently merged into an international network.
His instructing background includes positions as an adjunct instructor of accounting at Queens College, Rutgers University, and as an instructor in property/casualty insurance accounting and annual statement preparation at the New York College of Insurance.
Kevin is a graduate of New York University, and received an MBA in Corporate Finance from Rutgers University. He is a Fellow of the Life Management Institute (FLMI), and holds the Associate in Reinsurance (ARE), and Associate in Insurance Accounting and Finance (AIAF) designation from the Insurance Institute of America. He is the author of the Reinsurance Accounting Chapter of the Strain Reinsurance Textbook and a contributing author to the NAIC Receiver's Handbook.
21 Hours of Continuing Education Credit
Center is registered with CFA Institute as an Approved Provider of
professional development programs. This program is eligible for 21 CE credit
hours as granted by CFA Institute. If you are a CFA Institute member, CE credit
for your attendance at this event will be automatically recorded in your CE
Diary upon request.
24 Hours of Continuing Education Credit
complete this program qualify for 24 hours of CPE credit. Program
Level: Beginner/Intermediate. Delivery Method: Group-Live. SNL Knowledge Center is registered
with the National Association of State Boards of Accountancy (NASBA), as a
sponsor of continuing professional education on the National Registry of CPE
Sponsors. State boards of accountancy have final authority on the acceptance of
individual courses for CPE credit. Complaints regarding registered sponsors may
be addressed to the National Registry of CPE Sponsors, 150 4th Ave N, Ste 700,
Nashville, TN, 37219-2417. Website: www.nasba.org.