Insurance providers are facing unprecedented changes and challenges, including fierce competition, cost control measures, public concern over premium rates, consolidations and reorganizations, negative press, and aging baby boomers with increased demand for a variety of insurance products.

At WS+B, we understand the conditions that are unique to your industry. For over 25 years, we have been serving a variety of insurers, including agencies, brokers and intermediaries. In addition to providing traditional accounting, statutory or GAAP audit, tax and consulting services, we offer a full range of industry-specific business advisory services designed to increase your profitability, improve your competitive position and reduce operating costs:

• Special audits and projects, such as MGA contract compliance, reinsurance treaty review and internal audit evaluations and assistance
• Actuarial assistance for claims reserving, policy reserves, commutations or assumption studies and adjustments for GAAP
• Operational audits, including efficiency studies, internal control reviews and recommendations for key functions
• Mergers/acquisitions/divestitures, including alternatives assessment, compatibility determination and due diligence reviews
• Litigation support, mediation and settlement
• SAP and GAAP reporting and problem solving
• SAS 70 audit support

Our skilled and experienced insurance industry specialists keep abreast of the news, regulations and competition affecting your industry. They also have strong relationships with a network of actuarial, underwriting and claim consultants—providing greater assurance for your increased profitability and long-term growth.

Contacts:

New Brunswick:
John Mortenson, CPA
jmortenson@withum.com

Red Bank:
Lou Sandor, CPA
lsandor@withum.com