In this course, we will explore statutory accounting principles, compare SAP to GAAP, and learn the components of the NAIC annual statement. You’ll develop the skills necessary to properly examine a property-casualty insurer’s Annual Statement and NAIC Annual Statement, and explain how the financial strength is evaluated. Together, we will evaluate sample portfolios, break down capital requirements, and learn to maximize insurer investment income. 

Course Features:

  • Interactive modules and videos from experienced practitioners in the field
  • On-demand access 24/7
  • Modules you can complete in as little as 25 minutes, complete full course in 5 hours
  • Virtual, 25-question final assessment with a 45-minute time limit and unlimited retakes included in your course purchase
  • Upon successful completion, earn a digital badge to display in your email signature and social media profiles to showcase your expertise.
  • Earn 5 CPE credits
Field of Study CPE Credits Prerequisites & Advanced Preparation Knowledge Level Delivery Method
Accounting NASBA: 5 None Basic QAS Self-Study

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Member cost: $180

Non-member cost: $300

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Learning Objectives

  1. Distinguish among the basic components of insurer financial statements.
  2. Leverage financial data to determine an insurer’s fiscal health.
  3. Evaluate how insurers maximize their investment income.
  4. Evaluate an insurer’s capital requirements.
  5. Describe the valuation and recognition concepts underlying insurer statutory accounting principles (SAP).
  6. Distinguish between statutory accounting principles (SAP) and generally accepted accounting principles (GAAP).
  7. Evaluate the main components of an insurer’s National Association of Insurance Commissioners’ (NAIC) Annual Statement and the information those components contain.
  8. Evaluate a property-casualty insurer’s Annual Statement by calculating capacity ratios.
  9. Evaluate a property-casualty insurer’s NAIC Annual Statement by calculating liquidity and profitability ratios.
  10. Evaluate the significance of each ratio of the NAIC’s Insurance Regulatory Information System in terms of insurer solvency.
  11. Determine how A.M. Best Company evaluates the financial strength and capacity of property-casualty insurers.
  12. Evaluate the trade-off between risk and return and the level of diversification in an insurance company investment portfolio.
  13. Evaluate an insurer’s bond portfolio in terms of its immunization from interest rate risk.
  14. Analyze various asset and investment restrictions placed on insurers.
  15. Explain how the NAIC risk-based capital system operates.
  16. Explain how the NAIC Risk Management and Own Risk and Solvency Assessment helps an insurer manage its risks.
  17. Apply the concept of economic capital to insurers.

Complaint Resolution: Any complaints should be directed to IASA using any of the following contact methods: Office Telephone: (919) 489-0991, Tricia Stillman or Gina Jolly, Mail: IASA, PO Box 371, Timberlake NC, 27583 

Related Professional Designations from The Institutes

Associate in Insurance Accounting and Finance (AIAF™)

Gain skills to accurately prepare and analyze insurer financial statements with The Institutes Designations’ AIAF™. Learn how to assess an insurer’s overall strength, understand how loss and case reserves affect financials, and effectively manage key operational, financial, and strategic risks. You’ll also build a foundation in investment concepts that support profitability, helping you align assets with liabilities and make more informed portfolio decisions. Explore AIAF

Chartered Insurance Investment Manager™ (CIIM™)

The Institutes Designations’ NEW CIIM™ is the first professional designation designed specifically for insurance asset management. Through fully online courses that feature interviews with subject matter experts, you'll learn how to better understand market dynamics, meet regulatory and capital requirements, apply accounting principles, and make stronger portfolio decisions that balance returns and liquidity. Plus, you can sample the program for free! Learn More