Understanding Financial Statements for Insurance Professionals

Learn to read and understand financial statements as they relate to Directors and Officers Liability Insurance underwriting. Gain an understanding of an organization’s balance sheet, income statement and cash flow statement, and learn to navigate insurer and client discussions with confidence. 

financial statements
Pointers

What You Will Learn

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The Basics

Accounting fundamentals including business structures, assets, liabilities, owners equity and transaction recording.
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Statements

How to read and interpret the balance sheet and the income statement, plus key terminology and financial analysis ratios.
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Financial Activities

How to identify operating, financing, and investing activities of a company, including profit vs. cash flow, cash inflows and outflows, and burn rate.
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Reports & Notes

The key components of an annual report and where to find them, as well why the notes to the financial statements are important for understanding risk.

Course Curriculum

About ITC courses

ITC takes pride in delivering high quality, unbiased courses on professional and management liability insurance and related topics. Designed specifically for online delivery, our courses are interactive, include activities and quizzes, use practical illustrations and real-life case studies and deliver knowledge in bite-sized portions so even just 5 minutes is  learning time well spent.

How we build courses

ITC courses are the product of a collaborative approach. We work closely with subject matter experts to build out course content, the ITC design team brings that content to life, and no course is published before undergoing an intense review by an industry panel. Our process also includes post-publication reviews and updates because ITC is committed to delivering quality courses that remain accurate, relevant and up-to-date, long after they are first published. 

Testimonials

David Marsh, Partner, Broker

Most insurance courses are either pitched at people learning about the subject for the first time or jump straight into advanced topics. The ITC courses do a great job for all learners and I particularly liked the online format since you can either spend time starting from the beginning or quickly move on to the areas of most interest to you. The course material also went beyond insurance policy language – addressing risk management, claims processes, what buyers should consider, and more.

5/5
Broker, Australia

ITC effectively tackles complex subject matters in a very creative manner. I would highly recommend to anyone looking to broaden their understanding.

5/5
Broker, Canada

Great way to enjoy an evolving subject matter. Thank you ITC, enjoyed that!

5/5
Manager, SVP, Canada

I’ve been in the insurance industry for over 20 years and this is by far the best educational material I have seen! Great for new and established professionals!

5/5
Account Executive/SVP, Canada

ITC Education is the perfect platform for busy insurance professionals to expand their knowledge in bite-size, manageable, easy & informative modules. The subject matter is well researched and presented in an engaging and easy-to-understand format. The modules are set up so that you can zero in on a subset or explore the topic more fully – time permitting. The examples are easily applied to real-life situations.

5/5
Broker, EVP, Canada

The coverage explanations are comprehensive and straightforward, coverage comparison tips are very helpful, and the claims examples are readily adaptable to real-life client scenarios.  The visuals are easy to follow and the succinct course modules allowed me to review the modules on my own timeline- or to go back to modules that I wanted to revisit. Plus, as a very welcome bonus, continuing education credits are available in certain jurisdictions!

5/5

Frequently Asked Questions

Understanding Financial Statements for Insurance Professionals

$150.00
5 star rating

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Directors & Officers Liability Insurance 101

$150.00

This course is for everyone who holds a director or officer role, for those tasked with buying the insurance, and for those who need to be able to explain and discuss D&O liability and insurance with others, such as insurance and legal professionals.

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