Course offered by
The Institutes Knowledge Group
AIAF 320: Insurer Accounting and Finance Principles
Overview
Gain the accounting skills you need to accurately prepare and analyze insurer financial statements. Through this course, you will gain an understanding of insurance accounting, familiarize yourself with key industry standards, learn how to assess and determine the financial health of insurers, and more.
Skills You’ll Gain
Prove your value to your organization by learning how to assess an insurer’s overall strength by analyzing its financial statements.
Determine the impact of loss reserves and case reserves on an insurer’s financial condition.
Better understand how insurers value assets as well as manage them in order to maximize profitability.
Effectively examine premium accounting issues and learn how they affect insurer financial statements.
Ready-Made Career Skills:
- Insurance Accounting
- Financial Statements
- Generally Accepted Accounting Principles (GAAP)
- Valuation
- Finance
Assignments
Exam Prep Tools
AIAF 320 comes with proven, comprehensive study materials to help you pass The Institutes Designations' exam with confidence:
- Printable Study Outline: Perfect for taking notes, the printable study outline has key points for each assignment and review questions (and answers!) to help you test your knowledge as you move through the course.
- Practice Quizzes: Quickly see where your knowledge gaps are with online practice quizzes for each assignment and for the full course. Plus, you can take them as many times as you want.
- Simulated Exam: Designed to give you the full experience of your final exam, the simulated exam is a timed exam that you can take only once. It mimics the exam structure and level of questions you’ll find on the actual exam. Students who take their Institutes simulated exam pass their exams at higher rates than students who don’t.
- Discussion Boards: Understand how concepts you're learning apply to real-life, professional experiences by connecting, gaining tips, and sharing best practices with other individuals in your field.
- Flashcards: Test yourself on key terms with printable flashcards to help you fit studying into your busy schedule.
FAQs
- Does this course give me credit toward The Institutes Designations?
- Yes! AIAF 320 gives you credit toward the Associate in Insurance Accounting and Finance (AIAF) designation and the Associate in Regulation and Compliance (ARC) designation.
- How long does the course take?
- AIAF 320 typically takes students 6-8 weeks to complete.
- How is The Institutes Designations' exam structured?
- Virtual exams are timed. You will have 65 minutes to complete 50 questions.
- What’s included in my course materials?
- Course materials include the online course, printable study outline, practice quizzes, flashcards, discussion boards, and a simulated exam.
- How do testing windows work?
- We offer The Institutes Designations' exams in 4 testing windows throughout the year.* You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete any time until 11:59 p.m. ET on the final day of the window.
- Quarter 1: January 15 – March 15
- Quarter 2: April 15 – June 15
- Quarter 3: July 15 – September 15
- Quarter 4: October 15 – December 15
- We offer The Institutes Designations' exams in 4 testing windows throughout the year.* You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete any time until 11:59 p.m. ET on the final day of the window.
*Exam windows that close on a weekend will be extended to the following business day.
