Risk Transfer Accounting

To familiarise students with the accounting treatment of general and life insurance companies, captive insurance companies and cell companies, in particular:
- To account for insurance and reinsurance contracts, technical reserves and investments;
- To familiarise students with captive insurance companies, and to gain an insight into the financial analysis and reporting required;
- To familiarise students with specific accounting rules and regulation pertaining to cell companies;
- To define the implications of the International Financial Reporting Standards 17.
- To familiarise student with the different functions and the links between the accountant and:
- The actuarial function;
- Solvency II;
- Compliance;
- Auditor.
- To familiarise the student with solvency II.