Insurance Accounting and Financial Reporting Course


Insurance Accounting and Financial Reporting is a specialized course that focuses on the principles and practices involved in accounting for insurance companies. It provides a comprehensive understanding of the unique financial and regulatory aspects that characterize the insurance industry. This course is essential for professionals working in insurance companies, as well as for those in accounting, auditing, and finance roles related to the insurance sector.


10 days

Who should attend?

·         Insurance professionals

·         Accountants

·         Iindividuals seeking expertise in accounting and financial reporting within the insurance sector.

Course Objectives

·         Gain specialized knowledge in insurance accounting.

·         Understand the unique financial reporting requirements for insurance companies.

·         Apply accounting principles to insurance-specific scenarios.

Course Outline

Module 1: Introduction to Insurance Accounting

·         Basics of insurance accounting

·         Unique features of insurance contracts

Module 2: Premiums and Claims Accounting

·         Recognition of premiums

·         Accounting for claims and reserves

·         Loss ratio analysis

Module 3: Reinsurance Accounting

·         Principles of reinsurance accounting

·         Accounting for reinsurance contracts

·         Financial impact of reinsurance on insurers

Module 4: Investment Accounting for Insurers

·         Accounting for investment portfolios

·         Fair value accounting for investments

·         Impairment of investments

Module 5: Statutory and Regulatory Reporting for Insurers

·         Compliance with insurance regulatory requirements

·         Statutory financial reporting for insurance companies

·         International Financial Reporting Standards (IFRS) for insurers

Module 6: Risk Management in Insurance

·         Identifying and managing risks in the insurance sector

·         Role of accounting in risk mitigation for insurers

·         Capital adequacy and solvency requirements

Module 7: Financial Analysis for Insurance Companies

·         Ratio analysis for insurers

·         Evaluating financial health and performance

·         Benchmarking and industry comparisons

Module 8: Case Studies and Practical Applications

·         Applying insurance accounting concepts to real-world scenarios

·         Analysis of financial statements of insurance companies

Module 9: Emerging Trends in Insurance Accounting

·         Impact of technology on insurance accounting

·         Blockchain and smart contracts in insurance

·         Sustainability reporting for insurers

Module 10: Strategic Financial Planning for Insurers

·         Long-term financial planning for insurers

·         Aligning financial goals with strategic objectives

·         Scenario analysis and stress testing for insurers

Module 11: Internal Controls and Auditing in Insurance

·         Importance of internal controls in insurance accounting

·         Auditing considerations for insurance companies

·         Fraud prevention and detection in insurance

Module 12: Regulatory Changes and Future Developments

·         Keeping abreast of regulatory changes in insurance accounting

·         Future trends and developments in insurance accounting and reporting

Enroll for this Course

We are proud to offer this course in a variety of training formats to suit your needs.


Enroll for a Face-to-Face (In-Person) Class

We use the highest quality learning facilities to make sure your experience is as comfortable as possible.

Register Here

Enroll for a Virtual (Zoom) Class

Join a scheduled class with a live instructor and other delegates.

Register Here

Enroll for an Online Self-Paced Class

Keep track of your own progression throughout your course and ensure continuous improvement.

Register Here

Benefits of Taking a Course at IRES


Our courses are carefully curated to keep you abreast of latest industry trends, technological advancements, and best practices. We employ a variety of teaching methodologies, including hands-on workshops, case studies, and interactive sessions, all aimed at fostering an engaging and effective learning environment. Our expert instructors bring a wealth of knowledge and real-world experience, providing our clients with insights that can be immediately applied in their professional lives.


Our courses serve as a vibrant platform for professionals to connect and engage with a diverse community of peers, industry leaders, and experts. By participating in our programs, you gain access to an invaluable network that spans across various sectors and geographical boundaries. This networking aspect is not just about forming professional relationships; it's about creating a supportive ecosystem where ideas, opportunities, and collaborations can flourish.


Our courses are designed to challenge and inspire professionals to step out of their comfort zones and explore new horizons. Through a combination of theoretical knowledge and practical application, our programs help professionals refine their existing skills and acquire new ones, making them more versatile and competitive.

FAQs & Course Administration Details:

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on Phone: +254 715 077 817 or Email: [email protected].
The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Payment should be transferred to IRES account through bank on or before start of the course. Send proof of payment to [email protected].
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer. Email: [email protected] Phone: +254 715 077 817.