Course code Ekon4308
Faculty Faculty of Business, Management and Economics
Credit points, number of lectures
Credit points ECTS Credit points Total number of auditorium hours Number of lecture hours Number of seminars and practical work hours Number of student independent work hours
4 6 64 32 32 96
E-courses 2EKO3962: Accountancy and Analysis of Insurance Companies
Course annotation The purpose of this course is to provide students with overview of requirements set for the insurance business and an impact of these requirements on the insurance accounting.
The task of the course are:
1. To enable students to acquire knowledge of the accounting regulations and practice of insurance institutions.
2. To enable the acquisition of skills and competences analyzing and assessing the financial performance of insurance companies.

The language of instruction -Latvian.

Course responsible lecturer Ramona Rupeika-Apoga
Results After completing the course students acquire the following outcomes:
1. Know the legal norms and basic principles of insurance business.
2. Demonstrates knowledge of basic accounting and analysis principles in insurance.
3. Understands the impact of different factors on profit or loss.

4. Ability to apply accounting requirements in insurance.
5. Ability. independently carry out basic insurance and basic expenses calculations.
6. Able to analyze the activities of insurance companies, taking into account the most significant performance indicators.

7. Is able to select the necessary information for analysis.
8. Is able to evaluate and compare the basic principles of financial performance in insurance.

9. Is able to identify deficiencies in the internal control of the insurance institution and to elaborate proposals for their elimination.
Course plan No Subject / Approximate duration (hours)
1. Insurance business regulatory framework. L4
2. Classes of risk (non-life) insurance. L6
3. Regulatory framework for annual reporting. L2
4. Balance sheet structure. L4
5. Income and expenditure structure and recognition in accounting. L4
6. Calculation of technical provisions and impact of technical provisions on profit/loss. L2;P16
7. Underlying principles of reinsurance and impact of reinsurance on profit/loss. L2;P8
8. Insurance brokers activities and impact of insurance brokers activities on profit/loss. L2;P6
9. Personal insurance and accounting requirements for life insurance. L4
10. Indicators used in analysis and internal control. L2;P2

L - lecture,
P - practical work
Requirements for obtaining credit points Attendance of lectures is not mandatory,
attendance of seminars mandatory.
Mid-term assessment:
1. 3 interim tests (30%),
2. complex case(20%),
Final assessment:

3. written examination (50%).

Study programmes Insurance and Finance
Accounting, Analysis and Audit