What is P&C insurance and what are the primary accounting and reporting issues associated with these contracts under U.S. GAAP? Look no further, this CPE-eligible, eLearning course (2.0 CPE) has you covered! From underwriting to claims, this online course walks you through the primary accounting and reporting concerns, providing you with a fundamental understanding of the accounting for short-duration insurance contracts under ASC 944. ASC 944, Financial Services-Insurance, has unique accounting and reporting requirements for short-duration contacts as compared to long-duration contracts. Understanding the accounting for short-duration contracts, which make up most of the P&C insurance business, is essential for accountants in this industry. This insurance training covers accounting and reporting for premiums, acquisition costs, claims, reserves, and premium deficiencies. It concludes with a summary of the key differences between U.S. GAAP and statutory accounting principles (SAP).