F530: Financial Management for Insurance Leaders

This course is not available for registration at this time. Please see the Key Dates on the Program Courses page for further information.

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.

Learning Objectives

Upon successfully completing this course, you will be able to do the following:

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 companies.
5. Demonstrate effective written communication skills.

Course Topics

Financial Management for Insurance Leaders is divided into 11 one-week modules:

Introduction to Finance and Insurance
Time Value of Money
Valuing Bonds and Stocks
Risk, Return, and the Cost of Capital
Capital Budgeting
Long-Term Financing: Equity and Debt
Capital Structure
Risk Classification and Pricing
Loss Reserving
Accounting and Financial Analysis
Introduction to Solvency

Evaluation

Final grades are based on participation in online discussions and assignments.

Recommended Preparation for the Course

1. Candidates require some math skills to understand the course content and to do some course assignments. A math refresher course is available to help you to assess your skills to ensure you have the background needed to be successful in the course. Please review the math refresher course prior to beginning F530 Financial Management for Insurance Leaders. If you find the refresher course challenging, you are strongly encouraged to update your math skills prior to taking F530. The refresher course and other math resources are available free of charge on the e-learning site to admitted FCIP candidates.

2. To do financial calculations, you will need access to a software program or calculator. Working knowledge of Excel or Google Sheets should be sufficient.

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 decisions.