Financial awareness

Wednesday, 20 December 2023
1:00 pm – 2:00 pm (UK time)
    • Alan Chandler

Financial awareness – a plain English overview for all insurance staff on how to understand clients’ accounts and how an accountants figures differ from what insurers need

Understanding clients’ accounts has never been more important for brokers and underwriters alike, with tremendous scrutiny now being put on clients' accounts, so account executives, account handlers and underwriters will need to understand the main terminology.

The way accountants record financial information is often different from what insurers need and understanding the difference can help you ensure your clients get their sums insured right.

This presentation, provided by Alan Chandler one of the most popular presenters in the UK, looks to provide a plain English understanding of what is in a balance sheet, Profit and Loss account and a cash flow statement and how these can be read easily by non-accountants.

Learning Objectives

The presentation will enable delegates to understand:
1. The different component parts of a Balance sheet and what brokers should look for.
2. The different parts of a profit and loss statement and what a broker should look for.
3. What is a cash flow statement.
4. How an accountants figures for Buildings, contents, stock and gross profit are not the same as we need for insurance.


CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at