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The
TRINIDAD & TOBAGO
INSURANCE INSTITUTE

Workshop on Understanding General Insurance Accounting

Dear Colleagues,

This workshop provides the opportunity for participants to:

  • Identify unique characteristics of Insurance Accounting and how this differs from other industries.
  • Describe the Insurance Cash Flow cycle and the key components.
  • Explain the key Accounting rules and concepts and how they are applied to measurement and reporting.
  • Understand the estimation and dependencies of Claim costs.
  • Explain the Accounting treatment of Premiums, Claims and Commissions.
  • Understand how Reinsurance works
  • Understand and interpret key ratios as a holistic component.
  • Understand the requirement for Solvency and Capital Adequacy.