WEBINAR: Financial awareness – a plain English overview for all insurance staff

Overview

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 brokers should look for.
3. What is a cash flow statement.
4. How an accountant’s figures for buildings, contents, stock, and gross profit are not the same as we need for insurance.

Speaker Biography

Alan is widely regarded as one of the most popular and respected insurance presenters in the world. He has taken thousands of people through to ACII qualification including many national prize winners, as well as delivering a vast array of technical presentations on Commercial and Personal lines insurances.

Alan's webinars have been viewed across Europe, Asia, Africa, Australia, North America and South America and his audience numbers last year were well over 100,000. He has devised and delivered training programmes for major insurers and brokers including Zurich, Allianz, Aviva, Hiscox, Lloyd’s, NIG, NFU, Gallagher, Aon, Towergate, Brown and Brown, Howdens, James Hallam and Marsh as well as for the Chartered Insurance Institute, for whom he has presented at some point to every institute..

Alan has undertaken operational management roles in three major global companies running underwriting and broking functions. To fulfil a long-term ambition, he set up his own insurance training company, something that he had always longed to do as he is passionate about training. A number of Alan’s pieces of work have been published internationally and he is regularly called upon to provide expert legal guidance on insurance matter

He is one of the few individuals who can teach at all levels of the Cii examinations, he teaches almost all certificate, diploma and advanced diploma subjects and is one of the few people who can take someone from certificate all the way through to fully qualified ACII and his pass rates consistently exceed 97%.