Our results driven team will navigate you through the complex issues that influence your everyday business decisions: the competition to improve stakeholder value, industry consolidation, soft underwriting market, high expense ratios, low investment returns. Additionally, the swinging pendulum of healthcare and regulatory change continues to significantly impact the insurance industry.
We recognize that to stay ahead you must focus on reducing costs and optimizing revenue. Years of experience with insurance company audit clients in the property and casualty, life, health, reinsurance and captive industries ranging in size from $4 million to $1 billion in written and assumed premiums. We also perform risk focused examinations on behalf of state insurance departments. These examinations have been done on insurance companies ranging in size from $9 million to $22.5 billion in written and assumed premiums. Our understanding of industry economics and commitment to staying on top of trends that affect you are just a part of what we do best.
Let our experienced insight take you to the next level.
Here’s how we can help you:
ParenteBeard has been named as one of the top ten property / casualty audit firms by A.M. Best in their ranking of best auditor and actuarial firms in Best’s Review, January 2014 issue. The ranking is based on the number of clients ParenteBeard provides service to that are rated by the A.M. Best Company, a full-service credit rating organization dedicated to serving the insurance industry. Policyholders refer to A.M. Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles.
We are the only non big four public accounting firm selected to assist the Financial Accounting Standards Board (FASB) with the external review of the Insurance Contracts Exposure Draft. Following the review process, our team will provide the FASB with feedback on the draft, on topics including clearness for application and unintended consequences.