Insurance
Protect and enhance your value
Create your own future with a proactive and collaborative relationship geared towards growth-oriented solutions. Our team specializes in all aspects of the insurance industry – including property and casualty (P&C) and life insurers, health plans, insurtechs, insurance regulators, reinsurance and captive insurance companies – and will help to not only protect your value, but enhance it. By improving operations tailored for your organization, you can overcome challenges and disruptions thrown your way.
Navigate your journey.
Insurance organizations are facing a number of obstacles and having Baker Tilly’s specialists by your side can only benefit your business. We have the industry experience necessary to help you optimize risks, address challenges and break down boundaries.
Explore what’s possible in growing your business
Our insurance specialists will accompany you and your team in analyzing your organization’s current practices and portfolio, and in putting together a plan to help your business grow. Our team will assist in:
- Audit committee and corporate governance consulting
- Board and audit committee advisory
- Capital raising solutions
- CFO advisory services
- Claims consulting
- Customer strategies/consumer engagement
- Demutualization consulting
- Digital solutions
- Market assessment
- Pre-risk quantum reviews
- Risk optimization
- SEC advisory services
- Technology-based claims solutions
- Transaction advisory services
- Tax credits and incentives
- Unclaimed property
Disrupt the status quo with resource optimization
By utilizing our insurance audit and advisory services and industry-fluent approach, your team will be better able to address emerging risks, streamline business processes and strengthen internal controls.
- Agile internal auditing
- Board training
- Change management
- Cost containment strategies
- Data solutions and analytics
- ERP design and implementation
- Financing modeling and decision support
- HR strategy and transformation HR technology
- Outsourced and co-sourced accounting
- Outsourced and co-sourced internal audit
- Tax transformation and automation
- Workforce and talent management
Mitigate risk and manage compliance
Baker Tilly can help your team identify, mitigate and optimize these risks so you can focus less on problems, and more on making your business the best it can be.
- Actuarial solutions
- Artificial Intelligence (AI) governance
- Business and continuity planning/disaster recovery
- Cybersecurity risk assessment and consulting
- Cyber risk insurance analysis
- Digital forensics data loss prevention
- Data privacy assessment, design, and implementation
- Enterprise risk management and ORSA assessments
- Financial crimes
- HIPAA security assessments
- HITRUST assessments
- IT audit
- Internal audit
- Litigation support
- Major claims forensics
- Policy reviews
- Regulatory compliance
- Sarbanes-Oxley (SOX) compliance and implementation assistance
- State risk-focused insurance examinations
Build a better tomorrow by gaining assurance
Our insurance specialists are able to recognize issues and advise clients on practical solutions that will produce better outcomes aligned to their strategic objectives.
- Audits, accounting, and reporting: Statutory, GAAP employee benefit plan, agency, TPA and MGA
- Corporate and intangible asset valuations
- Cover holder reviews
- Digital forensics
- Due diligence
- Environmental, social and governance (ESG) advisory and assurance
- ESG tax strategy
- Federal, multistate and international tax
- Fraud and forensic investigations
- Model Audit Rule (MAR) implementation assistance
- Quality assurance review (QAR)
- Risk assessment and planning
- SOC 1, 2 and 3 reporting
- State nexus consulting
- Tax solutions, compliance and advisory
- Valuations
Specialty spotlight
Optimize your MAR journey
For insurers that exceed the $500 million direct and assumed written premiums threshold, managing and implementing a Model Audit Rule (MAR) program can be a significant undertaking. Whether you’re just starting your MAR implementation journey or looking to evolve an existing program, it’s vital to define what you want from your MAR program and align it with your organization’s overall strategy.
Baker Tilly’s insurance specialists are dedicated to the development, successful implementation, ongoing testing and maintenance of your MAR program. We can customize and integrate an approach with your internal audit plan, enterprise risk management and compliance functions.
