Reinsurance is a financial transaction by which risk is transferred (ceded) from an insurance company (cedant) to a reinsurance company (reinsurer) in exchange of a payment (reinsurance premium). After discussing WHY entities enter such transactions, this CPE-eligible, eLearning course (1.0 CPE) provides examples of the various types and forms of reinsurance entered into by insurance companies. However, the accounting for reinsurance contracts under U.S. GAAP depends on whether risk is properly transferred from the cedant to the reinsurer, so we spend a fair amount of time on risk transfer, including providing you with a list of ”red flags" that may call into question whether risk has indeed transferred. This online course concludes with walking through the accounting for ceded and assumed reinsurance transactions, including those transactions that fail the risk transfer analysis.
Take our self-study eLearning course here: revolution.gaapdynamics.com/l...
Learn more about GAAP Dynamics: www.gaapdynamics.com/
Check out our other online courses on the Revolution: revolution.gaapdynamics.com/l...
Subscribe to GAAP Dynamics to see more videos like these!
14 апр 2022
