Insurance

Insurance

Insurance-focused accounting, tax support, and guidance for insurers.

FORVIS provides tailored accounting, audit, tax, and consulting services to insurance companies.

In a rapidly evolving industry, it’s challenging for insurers to keep compliant, manage risk, and maintain surplus while adding value for shareholders and policyholders. Having a trusted advisor who provides reliable guidance and helps support your big-picture goals is critical to building on your company’s success.

FORVIS provides accounting, audit, tax, and consulting services to life, health, property and casualty, captive, and mutual insurance companies, including insurance agencies, fraternals, and third-party administrators. Our clients range in size from millions to billions in written premiums.

In today’s agile business environment, insurance companies are struck with continual industry evolution. FORVIS helps insurance companies of all types and sizes manage the unique industry challenges they face, including financial reporting accuracy, enhanced governance oversight, industry consolidation, regulatory uncertainty, sustaining operational performance, risk and capital management, actuarial solutions, technological instability, and more!

Assurance

Our assurance services are built on trust and transparency, with a goal of providing quality services to industry stakeholders with an efficient and solutions-based approach.

FORVIS assists the insurance industry with:

  • U.S. GAAP & NAIC SAP Accounting
  • Agreed-Upon Procedures
  • Review & Compilations
  • Internal Audit Outsourcing & Co-Sourcing Services
  • Financial Statement Audits
  • Schedule BA Investments
  • Employee Benefit Plans
  • IPO Readiness
  • SOX Services

Tax

As regulations continue to change and tax legislation is rewritten, our experienced pros bring industry-specific knowledge and we’ve built our tax team around key fundamentals starting with extensive training and continued learning necessary to stay current in an ever-changing landscape.

FORVIS assists the insurance industry with:

  • Domestic Tax Compliance (Federal, Foreign, & State)
  • International Tax Planning
  • Due Diligence M&A Support
  • Acquisition Structuring & Implementation
  • Accounting for Income Tax Support (GAAP & Statutory)
  • IRS & State Examinations

Advisory

Our team brings decades of experience in developing practical solutions, including capital management, analysis, and execution of strategic acquisition and divestiture activities, process transformation, and implementing changes to regulatory and accounting standards.

FORVIS assists the insurance industry with:

  • LDTI Consultation Services
  • Enterprise Risk Solutions
  • Accounting Advisory (GAAP, NAIC, Statutory)
  • Actuarial Model Validation & Implementation
  • Finance & Process Transformation
  • Improvement Implementation (Long-Duration Contracts)
  • Internal Control Assessment & Framework Implementation
  • Internal Audit Assistance
  • Operational Risk Assessment
  • Risk-Based Capital Strategy & Modeling
  • SOX Compliance
  • Strategic Staff Augmentation
  • Technology Strategy & Implementation
  • Transaction Support
  • Financial Analysis
  • Cybersecurity & Information Technology Services
  • Corporate Governance
  • ERM Implementation & ORSA Review
  • Investment & Reinsurance Review Services
  • Mergers & Acquisitions (Form A Filings)
  • Admissions & Other Form Filings
  • Supervision, Rehabilitation, Liquidations

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