Introduction to the Property & Casualty Insurance Industry

Overview

The insurance industry has unique accounting and regulatory requirements. This course provides an introduction to those unique requirements, including the multiple layers of regulation, statutory vs. GAAP accounting, non-admitted assets, special treatment of taxes, and more! This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

None

Objectives

After attending this presentation you will be able to...

• Identify key differences in the insurance industry and appropriately address those differences
• Enable effective audit, tax, and advisory services to the unique insurance industry

Highlights

The major topics covered in this class include:

• The unique regulatory world of insurance
• Differences from other industries
• Differences within the industry
• Types of accounting
• Involvement of specialists
• Tax considerations