1. Role and responsibilities of the board of directors and other senior executives

2. Key roles and responsibilities of managers, supervisors and non-managerial staff

3. Importance of business planning, performance monitoring, budgetary planning and control and decision making

4. The use of management information and management reporting

1. Corporate governance framework and the incorporation of businesses

2. Statutory reporting requirements

3. How risk can be managed within the corporate governance framework

4. Importance of the management and protection of data, including accurate record keeping and reporting

1. Role and significance of the main functions within insurance organizations

1. Purpose and function of financial accounting

2. Distinguish between financial and management accounting

3. Users of financial information and their information requirements

4. Apply the basic financial concepts and the accounting equation

5. Accounting for receipts and payments

6. Interpret companies' financial documents

7. Principles of management accounting

1. Main accounting standards that affect insurance company accounts

2. Insurance company reserving methods, incurred but Not Reported (IBNR) and the importance of accurate claims reserving

1. Interpret general accounts through the use of financial ratios

2. Interpret insurance company accounts through the use of financial ratios

1. Role of rating agencies and the rating process

2. Regulatory solvency requirements and how the financial strength of insurers is analyzed and the associated impact on them