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EisnerAmper’s Insurance Industry Practice
EisnerAmper’s Insurance Industry Practice offers deep industry knowledge and a proven commitment in providing a wide array of services to companies in the Property & Casualty, Life and Healthcare Insurance areas. Our experience includes working with insurers, re-insurers, agent/brokers, regulators, third-party administrators, captives, self-insureds and law firms nationwide, including Bermuda, the Cayman Islands, and London. Our experienced team understands the challenges insurance entities face in this highly regulated industry and have a strong working knowledge of the industry’s issues.
EisnerAmper’s professionals provide the insurance industry with a unique combination of professional qualifications and international firm experience that enables us to offer exceptional service at a cost-effective price. Our concept of an integrated team combines the talents of multiple professionals from various fields of auditing, tax and consulting. Because our professionals have in-depth experience in many aspects of the insurance industry, we can offer such services as GAAP and Statutory Audits, Tax Services, Internal Audit, IT System Reviews, SOX Consulting, Enterprise Risk Management, Model Audit Rule Implementation, Litigation Support, Due Diligence, Regulatory Compliance Services and Financial Examinations. In addition, we have extensive experience supporting troubled companies including Rehabilitations and Liquidations.
We understand the importance of keeping current on all the issues facing the industry therefore our professionals remain up-to-date by regularly attending conferences and training programs of the National Association of Insurance Commissioners (NAIC), Booke Seminars, the American Institute of Certified Public Accountants’ Property & Casualty Audit Guide Committee, the Society of Insurance Financial Management (SIFM), the Association of Professional Insurance Women (APIW), Professional Insurance Agents (PIA) the Insurance Tax Conference (ITC), the Technical Issues Committee (TIC), the National Association of Mutual Insurance Companies (NAMIC), Pennsylvania Association of Mutual Insurance Companies (PAMIC), New York Insurance Association (NYIA), the New York State Insurance Department (NYSID), the New Jersey Department of Banking and Insurance (NJDOBI) and other industry associations.
In addition we have close working relationships with actuaries at all the major actuarial firms as well as many others. Because of the depth of our relationships in the actuarial profession, we are able to secure actuaries that meet our clients' needs and are free of conflicts.
EisnerAmper Captive Insurance ServicesThe members of EisnerAmper’s Captive Insurance Practice provide an array of services to captive insurance companies in multiple states throughout the United States, extending into the Cayman Islands through our PKF affiliate firm. Our team has significant experience working with a number of well-respected captive managers, actuarial firms, attorneys and other service providers. The Captive Practice is also supported by EisnerAmper’s full-service Insurance Practice, which is one of the largest auditors of insurance companies in the tri-state area. Key members of the Captive Practice have Big 4 experience and have brought their knowledge and methodologies to the EisnerAmper approach.
We are current members of the Vermont, New Jersey and Hawaii captive associations as well as having an on-island presence through our Cayman Islands PKF affiliate. Our captive clients include Hospitals, Physician Groups, Nursing Homes, Farmers, Automobile, Diving, Surety, Agriculture, Construction and Transportation. These captives audited include Property & Casualty, and Life and Health Insurance lines.
The International Accounting Standards Board and the Financial Accounting Standards Board are soldiering on in joint deliberations in an effort to clarify actions required when there is netting on the balance sheet or when there is the ability to net under an enforceable master netting arrangement or similar agreement. READ MORE
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