WS+B Industries

Insurance Services

Pay Now, or Pay More Later? How to Save on Examinations

Insurance: Pay Now or Pay More Later?

When it comes to the examination process, the most frequent complaint from insurance companies is it takes too long, costs too much and provides marginal benefit to the company. In recent years, we at WS+B have focused our efforts on finding ways to address these concerns by increasing the extent to which the examination teams can utilize the audit work that has previously been performed by both the company’s internal audit department, and external CPAs.

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About Our Services

The Insurance Industry Services Team at WithumSmith+Brown gives its clients a competitive edge. We offer specialized advice, key marketplace insights and solid preparation to help our clients meet the challenges that lie ahead. Our goal is to ensure our client's profitability; we want to ensure that our clients not only survive this challenging marketplace, but that they thrive in it. Our integrated team of professionals is comprised of seasoned, well-known CPAs and industry leaders, who are at the pulse of the insurance business. As authors of key publications, members of major insurance associations and sought-after speakers at leading industry events, we believe our team is among the best and brightest in the industry.

Collectively, the team has specialized experience in areas of tax, audit, corporate governance and IT consulting, offering our clients some of the most qualified services available. This team of talented professionals has been a valued partner to companies of all sizes in life & health, property & casualty and health care insurance sectors for decades. In addition, we do extensive work with HMOs, re-insurers, third-party administrators, captives and self-insured organizations, including those in the trade and construction business.

We believe that the best way to serve our insurance clients is to service them from within the Firm. Unlike many CPA and consulting firms, we do not believe in outsourcing work to third party consultants, nor to distant satellite offices across the U.S. Our team works together— closely and efficiently— to serve you better. We employ over 375 dedicated professionals with a common mission: outstanding client service. Therefore, no matter how large or small the engagement, our clients can count on our quality and commitment. Our dedicated partners are involved with client engagements —and they stay involved.

HLB International * A member of HLB International, a world-wide network of professional independent accounting firms and business advisers.