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Accounting, We Will Go: A 50,000 Foot View of Calendar Year Financial Statements, Premium and Profitability
Description: Have you ever wondered:
- Whether or not a company’s booked earned premium can be more than its booked written premium?
- Whether or not a company’s booked losses can be negative, when there’s no salvage or subrogation involved?
- Whether or not you can renew a policy with a positive rate change, and still “expect” to see a deteriorating loss ratio?
(Clue: The answer to all three of the above questions is “yes.”)
Though most people understand what a calendar year is, many don’t have a good understanding of calendar year premiums and losses.And that’s unfortunate, because so much of an insurance company’s financial results are based on them.In this lunch n’ learn, we’ll use analogies to address these questions, as well as how calendar year premiums and losses do – and do not – impact key financial statements.
Who Should Attend:
Underwriters, Underwriting Managers, Claims Adjusters and Managers and all insurance professionals.
Steven Finkelstein, 2VP & Actuary, Ocean Marine, Travelers
In Compliance with the American's with Disabilities Act, AIMU will make all reasonable efforts to accommodate persons with disabilities at its meetings. Please call John Miklus at (212) 233-0550
Refund requests will be honored if received at least 48 hours prior to the scheduled start date. All refunds will be subject to a processing fee of 4%.