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Our courses are intended for a global audience, with each one being completely customisable to suit the needs of the individuals it is being delivered to.

They can be delivered in London or in your home town. You decide.

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Introduction to Life Assurance Financials

  • Insurance
  • Information

    A one day highly participative programme which equips participants to discuss the business model of life and pensions including ‘with profits’ funds; to interpret their financial statements; to use key ratios to evaluate performance; and to outline the basics of their prudential capital under. The intended participants are senior sales and relationship managers who wish to enhance their ability to hold knowledgeable conversations with life assurer clients about current business issues

    Participants are assumed to be familiar with basic insurance concepts and terminology; and with the essentials of double entry accounting. The course will be based largely on the financial statements of a major UK life & pensions group


    Session One
      Main life products: term assurance, investment policies, pensions and annuities
      Distinction between participating and non-participating business
      Distribution and sales channels
      Characteristics of with-profits policies
      Smoothing and bonus allocation
      Profit sharing bases for mutual vs public companies


    Session Two
    Financial accounting
      Balance sheet and income statements, line by line
      Key life ratios
      Mathematical reserves and technical provisions
      Indicators of financial strength in life
      New business strain

    Session Three
    Different reporting bases
      Statutory Solvency Basis
      IFRS 4 and FRS 27
      European Embedded Value


    Session Four
    Prudential capital and other regulation
      Twin Peaks capital requirements
      Implications of Solvency II
      Distribution of inherited estates and other topical issues

    Course Conclusion

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    As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.

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