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AIAF 114: Insurer Accounting Management

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Overview

Overview

Gain the skills you need in insurance accounting and regulation so you can accurately prepare and analyze financial statements. Through this course, you will gain an understanding of insurance accounting, familiarize yourself with NAIC and GAAP standards, learn how to assess and determine the financial health of both insurers and insureds, and more.

6-8 WEEKS
Experienced

Skills You’ll Gain

checkmarkAssess your organization’s financial strength by better understanding and applying the NAIC Annual Statement.

checkmarkDetermine the financial health of both insurers and insureds by differentiating between a property-casualty insurer’s GAAP financial statements versus a noninsurer’s GAAP financial statements.

checkmarkBetter understand the financial aspects of the unique types of life insurer products by comparing the contents of a life insurer’s GAAP financial statements to those of a property-casualty insurer’s.

checkmarkEffectively examine premium accounting issues to understand implications they have on insurer financial statements.

Ready-Made Career Skills:

  • Insurance Accounting
  • Financial Statements
  • Generally Accepted Accounting Principles (GAAP)
  • Valuation
  • Finance

Assignments

Assignment 1:
Introduction to Insurance Accounting
35 Minutes
Assignment 2:
Property-Casualty Insurer Financial Statements
30 Minutes
Assignment 3:
Life Insurer Financial Statements
20 Minutes
Assignment 4:
Premium Accounting
30 Minutes
Assignment 5:
Property-Casualty Loss Accounting
35 Minutes
Assignment 6:
Insurer Asset Valuation and Management
30 Minutes
Assignment 7:
Reinsurance Accounting and Insurer Taxation
45 Minutes
Study Plan

Exam Prep Tools

AIAF 114 comes with proven, comprehensive study materials to help you pass The Institutes Designations' exam with confidence:

  1. Online Course, Textbook and Course Book: Learn in the format that works best for you depending on the course package you choose.
  2. Practice Quizzes: Quickly see where your knowledge gaps are with online practice quizzes for each assignment and for the full course. You can take them as many times as you want!
  3. Flashcards & Review Notes: Test yourself on key terms and topics for each assignment with flashcards and review notes that help you fit studying into your busy schedule if you select the recommended or standard course package.
FAQ

FAQs

  1. Does this course give me credit toward The Institutes Designations?
    • Yes! AIAF 114 gives you credit toward the Associate in Insurance Accounting and Finance (AIAF) designation and the Associate in Regulation and Compliance (ARC) designation.
  2. How long does the course take?
    • AIAF 114 typically takes students 6-8 weeks to complete.
  3. How is The Institutes Designations' exam structured?
    • Virtual exams are timed. You will have 65 minutes to complete 50 questions.
  4. What’s included in my course materials?
    • Your course materials include an online course, assignment quizzes and practice exams. Depending on the package you choose, you may also receive a printed course guide and textbook as well as flashcards and review notes.
  5. 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