The course objective is to provide learners with a broad understanding of insurance accounting, including United States generally accepted accounting principles (GAAP) and statutory accounting principles (SAP) required by the various U.S. states. The student will learn the basic elements of property-casualty and life insurer financial statements as well as how insurer financial assets are valued and managed. Included are detailed explanations of property-casualty insurer premium accounting, loss accounting, reinsurance accounting, and tax accounting.