What exactly does an insurance company do? How do they make money? We answer these questions and more in this CPE-eligible, eLearning course (1.0 CPE). This online course begins with an explanation of insurance risk and insurable risks, before describing the difference types of insurers and the insurance contracts that these entities issue. It walks through the four core activities of insurers before discussing how an entity’s profitability is calculated. The course ends with an overview of the external reporting requirements for insurance companies, including a summary of the key differences between U.S. GAAP and statutory accounting principles.