For insurers, new product competition, disruptive technologies, industry consolidation and steady regulatory pressure are the new ‘givens’ of business life. What isn’t given under these conditions is continued profitability – or survival. Long-term winners are likely to be those companies that can tap the specialized expertise or extra resources they need, when they need them, while controlling fixed expenses. EisnerAmper’s Insurance practice provides comprehensive audit, tax compliance and advisory services, so insurers can focus on their strategic competencies of capital management, policy underwriting, and risk mitigation.
In the most recent A.M. Best survey, EisnerAmper ranked sixth among the largest auditors of Property and Casualty companies (ranking based on aggregate client reserves). We also serve numerous Life and Health Care entities. Our clients vary in size, with written premiums between $1 million and $3 billion.
We have offices in key U.S. markets as well as select international insurance hubs, such as the Cayman Islands, Ireland and London. We work with insurers, reinsurers, agent/brokers, regulators, third-party administrators, self-insureds, insurance-related law firm practices, managing general agents (MGAs), insurance industry service providers and captives.
Our clients engage us for GAAP and statutory audits, tax services, internal audit, IT system reviews, SOX consulting, enterprise risk management Own Risk Solvency Assessment (ERM/ORSA), model audit rule implementation, litigation support, due diligence, regulatory compliance services and financial examinations. In addition, we have significant experience serving guaranty funds and companies in rehabilitation and liquidation.
Insurers benefit from our “integrated team” approach, which combines the talents of multiple professionals from various specialty practices across our firm with the hands-on involvement of partners and senior practitioners in every engagement. Clients also benefit from a deep firm-wide commitment to relationships: Our insurance practitioners speak and present at professional-association conferences, participate actively in the work of industry working committees, and maintain particularly close ties to the actuarial industry.