Introductory insurance principles training
This course is aimed at finance, operational and other staff members involved in a financial accounting or operational role who are inexperienced in the insurance industry. The course will also benefit those who would like a refresher on insurance industry principles.
This course will assist new entrants to the insurance industry and junior staff in understanding insurance principles for life and non-life insurance companies. This will include providing an overview of:
- the different products issued by insurance companies and the characteristics and risks associated with these products;
- what is insurance premiums and the factors that influence the calculation of insurance premiums; and
- examples of life and non-life insurance products and the different channels through which insurance is sold.
We will also focus on the definition of an insurance contract in terms of IFRS 17: Insurance Contracts, and the importance of understanding how to interpret this definition. We will cover:
- understanding significant insurance risk;
- why the correct application of the definition of significant insurance risk is important from an accounting perspective; and
- the difference between an insurance and investment contract.
Please note that this course will not deal with the accounting implications of insurance contracts. The details of the related accounting transactions and journal entries will be covered in the following course scheduled to take place later on in the year:
- IFRS 17 principles training - 21 May 2026
Logistics
|
Your investment |
R1,900 per delegate excluding VAT |
|
Estimated CPD |
4 hours |
Attendance can also be logged to support your continual professional development (CPD) requirements.
Click on this link for access to our full suite of 2026 insurance training courses on offer for the year.