Insurance Industry Finance Overview

In PriSim’s courses participants are introduced to the fundamental business tools needed to achieve long-term profitability and competitive advantage. Our insurance business simulation challenges them to apply these tools. Below is an overview of some of the key concepts learned during in our courses.

Financial Statements

This series of videos provides an overview of the three financial statements that insurance companies use to report on their business performance. The videos also cover how both carriers and brokers make money, along with an interactive insurance carrier finance boardgame designed to offer a practical understanding of financial dynamics in the industry.


Insurance Carrier Financial Reporting Introduction

Insurance Carrier Income Statement

Insurance Carrier Balance Sheet

Insurance Carrier Cash Flow Statement and Inter-Connections

Insurance Carrier Finance Boardgame

How a Carrier Makes Money

How Brokers Make Money

Financial Metric and Ratios

Video-overview of key financial ratios for insurance companies. This series of videos reviews some common metrics that insurance companies use to gain insights into the effectiveness of their business, and the strengths, weaknesses, and improvement opportunities in performance.

 


Insurance Carrier Financial Ratios Introduction

Insurance Carrier Underwriting Ratios

Insurance Carrier Profitability Ratios

Insurance Carrier Financial Strength and Leverage Ratios

Insurance Carrier Financial Ratios – Use a Balanced Scorecard