Associate In Premium Auditing (APA)
What Does Associate In Premium Auditing (APA) Mean?
An Associate in Premium Auditing is a professional who has been granted the status to audit premiums and perform other financial duties for insurance companies. To attain this status from the Insurance Institute of America, an individual must pass a series of exams related to the field.
Insuranceopedia Explains Associate In Premium Auditing (APA)
Associates in Premium Auditing are responsible for analyzing contracts and reviewing financial data to ensure everything is in order. These professionals are expected to have strong accounting skills and a deep understanding of insurance principles. For an insurance company to remain profitable and perform well, it must have its accounting processes properly managed. Associates in Premium Auditing play a crucial role in ensuring the financial stability of the company and that premiums are functioning as they should.
