Insurtech
Insurtech’s rapidly evolving environment means innovation is both your best growth opportunity and your biggest competitor. Work with a team that can help you win your race.
Insurtech
We work with insurtechs to help them enter new markets and uncover tax savings.
We work with traditional insurance companies in evaluating opportunities to partner effectively with emerging organizations.
We work with private equity organizations to provide assurance over their portfolio companies through SOC reporting and other services.
Our solutions
As competitors develop their offerings and programs, your organization needs to maintain the existing base and grow new offerings. You need a business advisor that can help you on your continuing journey.
Whether your insurtech is an arm of an existing insurance company, a start-up or an established company, Baker Tilly’s specialists can help your organization throughout its lifecycle to grow quickly, integrate into the industry effectively, comply with industry regulations and be sustainably profitable.
Collaboration of industry and service specialization
No matter which path your organization is on, our professionals have the experience to help you move forward. Your organization will benefit from professionals specialized in industry knowledge (both insurance and the software and technology industries) combined with service area specialization.
Services for your lifecycle stage
In addition to supporting your core financial health through accounting, assurance and tax services throughout your lifecycle, our specialists can help your organization with a wide array of services at each juncture.
Launch
- Build infrastructure
– Accounting policy/structure development - Product development
– Customer experience and innovation - Regulatory and capital optimization
Growth (scale and stabilize)
- Expansion
– Partner or distribution strategy - Process improvement
– Strategic assessments (people, process, technology) - Continuous R&D
– R&D tax credit study - Strategy refinement
– Go-to-market solutions
Establish an exit strategy
- Enhance compliance/governance
– Go-to-market solutions - Continuous growth management
– MAR implementation and maintenance assistance - Exit strategy
– Financial forecasting/modeling
They are more than consultants. The Baker Tilly team raised the quality of our internal audit and risk management functions and helped us through the change management required to ensure success. We are extremely pleased with their work.Craig Campbell, Chief Administrative and Risk Officer, WPS Health Solutions, Wisconsin Physicians Service Insurance Corp.
Our services
Research & Development Credits
Baker Tilly's research and development tax credit professionals can help you find R&D credits in areas you may not have thought qualify.
Transaction Advisory Services
Baker Tilly’s transaction advisory services team provides straightforward advice to clients on every critical business decision before, during and after a transaction.
Customer Experience
Create intentional, positive customer experiences. We help organizations navigate the complexity of the ever-changing customer experience through our design, test and measurement process.
Internal Audit
Leverage industry-specialized internal audit services for organizational success.
Cybersecurity
Proactively protect and address your cybersecurity and information technology (IT) risks.
Data Solutions
Capturing, understanding and leveraging the data that matters most and bringing it into focus is no trivial matter. Rely on our experience to drive your business forward.
System & Organization Controls (SOC) Reporting
Baker Tilly’s dedicated AICPA SOC specialists perform hundreds of SOC engagements each year and help clients with their SOC reporting needs across a wide variety of industries.
Forensic Accounting
When critical situations arise, organizations count on Baker Tilly to deliver accurate and reliable financial analysis to help forge a path forward.
Quantum®
The innovative business interruption claims calculation platform that integrates efficient automation with the professional service you expect from Baker Tilly.
Related industries
Health Plan Solutions
Innovate care while managing costs and compliance with our health plan solutions
Insurance
Navigating the ever-changing insurance industry while also meeting compliance requirements and staying ahead of quickly developing technology can be overwhelming. Chart your legacy and reach your financial and operational goals: Your journey starts here.
Private Equity & Portfolio Companies
From private equity firms and their portfolio companies to family office, Baker Tilly leverages industry knowledge and operational experience to offer clients value from the fund level down through the entire portfolio.
Financial Services
The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.
Our professionals
The transition of our audit work to Baker Tilly was easy, with no disruptions to our business. Because they know our world, we don’t have to answer unnecessary questions. Their experienced professionals are able to bring practical tax and accounting solutions to our complex business.Jon Gangelhoff, Chief Operating Officer, GWG Holdings, Inc. and GWG Life
Article
InsurTechs and the R&D credit
Article
System and Organization Controls (SOC): A guide to transitioning to the new Trust Services Criteria
Whitepaper
ASC 606 software and technology industry supplement
By the numbers
5th largest
health insurance auditor (A.M. Best 2019)
7th largest
insurance auditor (Aon Ward Benchmarking 2018)
11th largest
P&C insurance auditor (A.M. Best 2019)
60% of states
Working or qualified to work in 60% of states using external specialists
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