Insurance: Reinsurance Contracts
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Description
This reinsurance accounting CPE course offers CPAs a practical and comprehensive overview of how reinsurance transactions are structured and accounted for under U.S. GAAP. Reinsurance plays a vital role in the insurance industry by allowing insurers to transfer risk to a reinsurer in exchange for a premium. But the proper accounting treatment depends on whether that risk has truly been transferred.
Designed specifically for accounting professionals working with or auditing insurance companies, this 1.0 CPE-eligible online course begins by exploring why insurers use reinsurance and outlines the key parties involved in these transactions. Learners will gain an understanding of various types and forms of reinsurance, including proportional and non-proportional contracts.
A key focus of this reinsurance accounting CPE course is the concept of risk transfer, which determines whether reinsurance contracts qualify for reinsurance accounting treatment. The course highlights common contract provisions and potential "red flags" that could call risk transfer into question—an essential skill for CPAs ensuring compliance with U.S. GAAP.
The course also walks through the accounting for ceded and assumed reinsurance transactions. This includes cases where the risk transfer test is not met. To round out your understanding, we compare U.S. GAAP and statutory accounting principles (SAP) as they apply to reinsurance.
Topics covered in this course include:
- What is reinsurance?
- Understanding reinsurance contracts
- Risk transfer analysis
- Accounting for reinsurance contracts
- Significant GAAP vs SAP differences
This reinsurance accounting CPE course is ideal for CPAs seeking to deepen their insurance expertise. And you can do it all while earning CPE credit!
Interested in group discounts for your team? Contact us to learn more.
This course is included in the following collections:
Learning Objectives
By the end of this course, you should be able to:
- Recall the reasons insurers use reinsurance and the various parties involved
- Recognize the various types and forms of reinsurance
- Identify provisions within reinsurance contracts that call into question risk transfer
- Recall the accounting for reinsurance transactions, including those transactions that fail risk transfer
Additional Information
| Last Updated | 08/01/2025 |
|---|---|
| CPE Credit | 1.0 |
| Field of Study | Accounting |
| Industry | Insurance |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Intermediate |
| Prerequisites | General knowledge of the insurance industry and/or completion of our eLearning course, Insurance Industry Fundamentals: Industry Overview |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
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