Insurance Chart of Accounts (COA) Mastery

What Will You Learn?

• Design and evaluate a GAAP- and statutory-aware insurance COA
• Correctly distinguish premiums written, earned, and unearned
• Properly record and manage unearned premium reserves (UPR)
• Accurately classify claims incurred, claims paid, and loss reserves
• Establish and maintain IBNR and loss reserve balances appropriately
• Correctly account for reinsurance recoverables and ceded premiums
• Apply proper treatment for acquisition costs and deferred acquisition costs (DAC)
• Separate underwriting results from investment income
• Identify and avoid common insurance audit and regulatory findings