Profit and Cash Workshop – The Insurance Game Video Highlights

Pre-Class Assessment – Gauging Participant Knowledge (0.50 minute) Allows facilitators to adjust the learning based on the pre-class knowledge of the attendees. Game Board (0.54 minute) Explains basics of the workshop.
Financial Statements /  Score Sheets (1.13 minute)Introduces the basic financial statements and supporting schedules used in the workshop. Making a Sale (2.16 minutes)  Explains written premium, unearned premium, earned premium, acquisition costs, and GAAP versus STAT accounting.
Decision Cards (3.09 minutes) Covers decision process, cost benefit analysis, execution, and the power of questions. Reinsurance (1.17 minute) Overview of purpose and uses of reinsurance coverages.
GAAP vs STAT (0.54 minute) Describes the differences between GAAP and STAT accounting. Income Statement (2.03 minutes) Illustrates completion of the Income Statement and how it differs from a Balance Sheet.
Balance Sheet (1.24 minute) Illustrates completion of the Balance Sheet. Goals / Team Outcomes (1.47 minute) Shows team assessing how they did against the workshop goals.
Reporting to the “Board of Directors” (1.23 minute) Shows the team reporting its results to the other teams (the “Board of Directors”).

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