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Insurance Industry Modeling Boot Camp

May 21, 2022 - May 22, 2022

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Cvent Transition Guide

Presented by Wall Street Prep, master insurance industry financial  modeling in this 2-day intensive virtual boot camp

What You’ll Learn

The unique regulatory framework, accounting and business model of insurance companies create challenges in the areas of financial statement analysis, forecasting and valuation. This intensive 2-day course is designed to equip professionals engaged in the analysis of insurance firms with the practical financial skill set they need on the job. We will analyze the financial statements of both P&C and life insurers and then build a forecast and valuation model for a real-life P&C insurance company.

CFANY.org: $1,999
Standard Rate: $2,499


Please note: Each daily session goes from 900 AM – 5:00 PM EST


  • Insurance sector overview
  • P&C and life insurance overview
  • Size, structure and key players
  • Personal vs. commercial vs. specialty lines
  • Multi-line Insurance
  • Mutual insurance companies
  • Operating model & structure
  • Key drivers
  • Risks and regulation
  • Dual accounting- GAAP vs. Statutory
  • Key terminology


  • Income statement analysis
  • Loss ratios, expense ratios and combined ratios
  • Premiums & UPR analysis
  • Balance sheet analysis
  • DAC roll-forward
  • Reserving process and reserves analysis
  • Investment portfolio analysis
  • Accounting for life insurance
  • Accounting for annuities
  • Financial leverage analysis
  • Accounting for reinsurance
  • Analyzing P&C and Life insurer’s 10-Ks and financial supplements
  • Analysis of statutory financials (including key schedules)
  • Risk-based capital ratios
  • Identifiable Intangibles (VOBA, VODA etc.)


  • Creating an integrated financial statement forecast model for a P&C insurer
  • Analysis of historical income statement and key drivers
  • Forecasting NPW, NPE & UPR
  • Forecasting Loss and LAE ratios
  • Analysis of historical balance sheet and key drivers
  • Forecasting of loss reserves and reserve development
  • Forecasting investments and yield
  • Incorporating regulatory dividend constraints
  • Incorporating operating leverage constraints
  • Estimating statutory dividends


  • Analysis of valuation frameworks & drivers
  • Comparable valuation methodologies
  • Intrinsic valuation approaches
  • Creating a dividend discount model step-by-step
  • Estimating cost of equity using CAPM
  • Estimating terminal value


This boot camp assumes proficiency in Excel. Enrollment includes access to our popular Excel Crash Course for those who need an Excel refresher.

Who is this boot camp for?

  • FIG Investment Bankers
  • Investment professionals & asset managers focused on the Insurance sector
  • Corporate Development and FP&A professionals in Insurance
  • Valuation & Corporate Finance consultants focused on Insurance
  • Students targeting jobs that require an understanding of the Insurance sector
  • Anyone wanting to the learn/refresh skill sets in Insurance analysis and valuation

Boot Camp Details