Insurance: Industry Overview

What exactly does an insurance company do? How do they make money? We answer these questions and more in this CPE-eligible, eLearning course (1.0 CPE) providing you with an overview of insurance companies. While this course would be great for anyone new to the industry, it is focused on the key requirements and considerations under U.S. GAAP. That makes it the perfect course for CPAs and auditors looking for an overview of the insurance industry.

This online course begins with an explanation of insurance risk and insurable risks, before describing the difference types of insurers and the insurance contracts that these entities issue. It walks through the four core activities of insurers before discussing how an entity’s profitability is calculated. The course ends with an overview of the external reporting requirements for insurance companies, including a summary of the key differences between U.S. GAAP and statutory accounting principles.

In this overview of insurance companies eLearning course, you'll cover:

• Introduction to the insurance industry
• Core activities of insurers
• Calculating profitability
• Reporting requirements under U.S. GAAP

If you're a CPA in financial reporting or an auditor who is new the industry, this is the perfect course to get a high level introduction to the activities of insurance companies and the key accounting and reporting requirements under U.S. GAAP. Get started today!

Interested in group discounts for your team? Contact us to learn more.

 By the end of this course, you should be able to: 

• Define insurance risk and identify insurable risks
• Identify the differences between short-duration and long-duration insurance contracts
• Recall the core activities of insurance entities
• Recall how insurance entities make money, common rations used to measure profitability, and external reporting requirements