Entry Requirements for IFRS For Insurance Professionals
Computer literacy
Duration: 1 Months
Delivery Method: Both Online & Physical
Fee Structure for IFRS For Insurance Professionals
| Full Course Fees | |
|---|---|
| Registration Fee | KES 1,000.00 ($ 10.00) |
| Certification Fee | KES 0.00 ($ 0.00) |
| Administration Fee | KES 0.00 ($ 0.00) |
| Internal Exam Fee | KES 0.00 ($ 0.00) |
| External Exam Fee | KES 0.00 ($ 0.00) |
| Examining Body Membership Fee * | KES 0.00 ($ 0.00) |
| Tuition Fee | KES 14,000.00 ($ 140.00) |
| Fees Totals | KES 15,000.00 ($ 150.00) |
| * Examining Body Membership Fee may be payable through us or directly to the Examining Body | |
All Fees are payable in lumpusm or in installments, for details see below.
Breakdown per semester,
| Trimester | Total Per Trimester |
|---|---|
| Trimester 1 | KES 15,000.00 ($ 150.00) |
| Total | KES 15,000.00 ($ 150.00) |
NB: Fees are payable in 3 installments as detailed below:
The trimester fees of KES 15,000.00 ($ 150.00) is payable in 3 installments of KES 5,000.00 ($ 50.00)
Course Requirements for IFRS For Insurance Professionals
- All Fees are payable in installements, for details check FAQs.
- Digital (downloadable) certificates are available. Printing and shipping of hardcopy certificate can be done at a cost of KES 2,000 ($ 20).
Practical Requirements for IFRS For Insurance Professionals (where applicable)
The cost of practicals, internships or industrial requirements is KES 30,000 ($ 300) and only applies to courses that require practicals.
Course Units/Overview for IFRS For Insurance Professionals
IFRS for Insurance Professionals
| Unit ID | Unit Name |
|---|---|
| IIP001 | IFRS For Insurance Professionals |
Course Description for IFRS For Insurance Professionals
Course Overview
The IFRS for Insurance Professionals course is a 1-month online programdesigned to equip learners with practical knowledge and skills in applying International Financial Reporting Standards (IFRS) within the insurance industry. The course provides a comprehensive understanding of insurance accounting principles, financial reporting requirements, and the application of IFRS standards, with particular emphasis on IFRS 17 Insurance Contracts, IFRS 9 Financial Instruments, and other relevant financial reporting standards affecting insurers. Learners will gain an understanding of insurance contract measurement, premium recognition, claims liabilities, financial statement preparation, revenue recognition, investment accounting, risk adjustment, contractual service margin (CSM), disclosures, and regulatory reporting requirements. The course also explores the impact of IFRS on financial performance, business decision-making, compliance, and transparency within insurance organizations.
Through practical examples, case studies, and industry best practices, learners will develop the ability to interpret financial statements, apply IFRS requirements accurately, support regulatory compliance, and improve financial reporting quality in insurance companies. The course is suitable for accountants, finance officers, auditors, insurance professionals, underwriters, actuaries, compliance officers, regulators, financial analysts, business managers, and anyone seeking expertise in insurance financial reporting.
What is the minimum grade required to do IFRS for Insurance Professionals?
In order to enroll and study for IFRS for Insurance Professionals, you are required to have basic computer literacy.
Mode of Delivery
The mode of delivery is Online Learning which means that one can study from home and/or the office. Our Program employs a variety of self-instructional electronic and online self-study materials, such as; written self-instructional study modules, online interactive devices, and self-tests, cloud-based content, videos of lectures mediated technical learning materials e.g., audio-visual and e-learning materials.
Career Opportunities
- Insurance Accountant
- Financial Reporting Officer
- Insurance Finance Manager
- IFRS Specialist
- Financial Analyst
- Internal Auditor
- External Auditor
- Insurance Compliance Officer
- Finance and Accounts Officer
- Insurance Controller
- Risk and Compliance Analyst
- Insurance Financial Consultant
Programme Goals
- Build a strong understanding of International Financial Reporting Standards applicable to insurance.
- Equip learners with practical skills in applying IFRS 17 and IFRS 9 within insurance organizations.
- Develop competence in preparing accurate insurance financial statements and disclosures.
- Strengthen knowledge of insurance contract measurement and financial reporting requirements.
- Promote compliance with international accounting standards and regulatory requirements.
- Enhance analytical skills for interpreting insurance financial information.
- Improve financial reporting transparency and accountability within insurance companies.
- Support sound financial decision-making through accurate insurance accounting practices.
- Foster professionalism and ethical financial reporting in the insurance sector.
- Prepare learners for careers in insurance finance, accounting, auditing, and regulatory compliance.
Reasons to Study
- Gain practical skills in applying IFRS standards within the insurance industry.
- Learn how IFRS 17 transforms insurance contract accounting and financial reporting.
- Develop expertise in preparing insurance financial statements and regulatory reports.
- Strengthen knowledge of insurance accounting principles and financial disclosures.
- Improve financial analysis and reporting accuracy for insurance organizations.
- Enhance compliance with international financial reporting standards.
- Build confidence in interpreting insurance financial performance and risk information.
- Improve career opportunities in insurance finance, accounting, and auditing.
- Support organizations in achieving transparent and high-quality financial reporting.
- Gain a competitive advantage in the evolving global insurance and financial services industry.
Tags
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Examining Body for IFRS For Insurance Professionals
FINSTOCK EVARSITY COLLEGE
Course Instructor(s) for IFRS For Insurance Professionals
TBA
Course FAQs for IFRS For Insurance Professionals
1. 1. *What is IFRS For Insurance Professionals?*
1. IFRS For Insurance Professionals is a certificate course designed to build practical knowledge of International Financial Reporting Standards used in insurance, particularly IFRS 17, IFRS 9, insurance accounting, financial reporting, disclosures and regulatory compliance.
2. 2. *What are the entry requirements for IFRS For Insurance Professionals?*
2. IFRS For Insurance Professionals requires basic computer literacy for enrolment, according to the official Finstock Evarsity College course page.
3. 3. *How long does IFRS For Insurance Professionals take?*
3. IFRS For Insurance Professionals takes 1 month to complete and is structured within one trimester.
4. 4. *Is IFRS For Insurance Professionals offered online?*
4. IFRS For Insurance Professionals is available through both online and physical study modes at Finstock Evarsity College.
5. 5. *What practical skills will I gain from IFRS For Insurance Professionals?*
5. IFRS For Insurance Professionals develops practical skills in applying IFRS 17 and IFRS 9, preparing and interpreting insurance financial reports, measuring insurance contracts, preparing disclosures and supporting financial reporting compliance.
6. 6. *What careers can I pursue after completing IFRS For Insurance Professionals?*
6. IFRS For Insurance Professionals can support career opportunities such as Insurance Accountant, Financial Reporting Officer, IFRS Specialist, Financial Analyst, Internal Auditor, External Auditor, Insurance Compliance Officer and Insurance Finance Manager.
7. 7. *What certificate will I receive after completing IFRS For Insurance Professionals?*
7. IFRS For Insurance Professionals is assessed by Finstock Evarsity College, and successful learners receive a certificate of completion.
8. 8. *How much does IFRS For Insurance Professionals cost?*
8. IFRS For Insurance Professionals currently costs KES 15,000 in total, comprising a KES 1,000 registration fee and KES 14,000 tuition fee.
9. 9. *Are flexible payment options available for IFRS For Insurance Professionals?*
9. IFRS For Insurance Professionals allows flexible payment in three instalments of KES 5,000 each, according to the current official fee structure.
10. 10. *Why should I choose Finstock Evarsity College for IFRS For Insurance Professionals?*
10. IFRS For Insurance Professionals at Finstock Evarsity College combines flexible learning with practical insurance-focused financial reporting skills and provides a downloadable certificate after successful completion.
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