This financial management course provides you with
the opportunity to learn about financial decision making within the property
and casualty (p&c) insurance industry. While you may not work directly in
a finance role, all insurance leaders need a solid understanding of financial
management issues. You will learn key concepts and tools needed to maximize the
value of the firm within the institutional framework of the property and
casualty insurance industry in Canada.
Upon successfully completing this course, you will be able to do the
1. Apply financial management concepts
to the p&c insurance industry.
2. Relate financial management content to your own organizational and professional
experience, strengthening understanding, analysis, and decision making.
3. Engage collaboratively with people from other roles and
other types of p&c organization to develop a multifaceted understanding of
the Canadian p&c insurance industry.
4. Practise critical thinking skills, evaluating
various perspectives and assumptions that impact
5. Demonstrate effective written
Financial Management for Insurance
Leaders is divided into 11 one-week
• Introduction to Finance and
• Time Value of Money
• Valuing Bonds and
• Risk and Return
• Risk Analysis and Adverse Selection
Financing: Equity and Debt
• Capital Structure
• Financial Analysis
• Insurance Pricing and Risk
• Loss Reserving
Final grades are based on participation in
online discussions and assignments.
1. Before registering for this financial management
course, you must pass an online Math Skills Assessment to ensure that you
have the skills you’ll need. The assessment tests skills normally taught in high
school. See more information
about the test
2. You will
also need a financial calculator capable of solving calculus, algebra and
other problems. We recommend the BA
II Plus Calculator from Texas Instruments.
Who Should Register?
Like all FCIP courses offered by the Insurance
Institute, Financial Management for Insurance Leaders
is designed for current
and future leaders in Canada’s property and casualty insurance industry. Whether
you’re a broker, an underwriter or a claims professional; a supervisor, manager
or director – if you hold a CIP designation and are interested in a leadership
role in a p&c organization, this insurance education course can help you
develop the financial skills and knowledge you’ll need to make informed business