Insurance Accounting Fundamentals Course

Discover how insurers apply key accounting concepts to make strategic financial decisions. 

In this course, we will explore statutory accounting principles, compare SAP to GAAP, and learn the components of the NAIC annual statement. You’ll develop the skills necessary to properly examine a property-casualty insurer’s Annual Statement and NAIC Annual Statement, and explain how the financial strength is evaluated. Together, we will evaluate sample portfolios, break down capital requirements, and learn to maximize insurer investment income. 

Course Features:

  • Interactive modules and videos from experienced practitioners in the field
  • On-demand access 24/7
  • Modules you can complete in as little as 25 minutes, complete full course in 5 hours
  • Virtual, 25-question final assessment with a 45-minute time limit and unlimited retakes included in your course purchase
  • Upon successful completion, earn a digital badge to display in your email signature and social media profiles to showcase your expertise.
  • Earn 5 CPE credits

IASA Member Price: $180

Log into the member portal to access the member discount code. 

Non-Member Price: $300

Learn more and purchase the course online.

Learning Objectives 

  1. Distinguish among the basic components of insurer financial statements. 
  2. Leverage financial data to determine an insurer’s fiscal health. 
  3. Evaluate how insurers maximize their investment income. 
  4. Evaluate an insurer’s capital requirements. 
  5. Describe the valuation and recognition concepts underlying insurer statutory accounting principles (SAP). 
  6. Distinguish between statutory accounting principles (SAP) and generally accepted accounting principles (GAAP). 
  7. Evaluate the main components of an insurer’s National Association of Insurance Commissioners’ (NAIC) Annual Statement and the information those components contain. 
  8. Evaluate a property-casualty insurer’s Annual Statement by calculating capacity ratios. 
  9. Evaluate a property-casualty insurer’s NAIC Annual Statement by calculating liquidity and profitability ratios. 
  10. Evaluate the significance of each ratio of the NAIC’s Insurance Regulatory Information System in terms of insurer solvency. 
  11. Determine how A.M. Best Company evaluates the financial strength and capacity of property-casualty insurers. 
  12. Evaluate the trade-off between risk and return and the level of diversification in an insurance company investment portfolio. 
  13. Evaluate an insurer’s bond portfolio in terms of its immunization from interest rate risk. 
  14. Analyze various asset and investment restrictions placed on insurers. 
  15. Explain how the NAIC risk-based capital system operates. 
  16. Explain how the NAIC Risk Management and Own Risk and Solvency Assessment helps an insurer manage its risks. 
  17. Apply the concept of economic capital to insurers. 


IASA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website https:/

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits will be granted based on a 50-minute hour.  Credits awarded are based on actual program length.


CPE Policies: Download a complete listing of Continuing Professional Education Policies.