Insurance

Our team of knowledgeable insurance industry professionals works to provide companies with a better alternative for their accounting, tax and business consulting needs.

NAIC 2012 Spring Meeting Update
The NAIC 2012 Annual Spring Meeting was held March 3-6 in New Orleans. This bulletin summarizes information from the select committees, working groups and task forces of the Financial
Condition (E) Committee that met during the meeting.

Tailoring enterprise risk management strategies to the
Main-Street insurer

ERM advice for large multi-nationals will not meet the need of smaller insurers. They need ERM strategies appropriate for their size – and their risks.

NAIC 2011 Fall Meeting Update
The NAIC 2011 Annual Fall Meeting was held November 3-6 in Washington D.C. This bulletin summarizes information from the select committees, working groups and task forces of the Financial Condition (E) Committee that met during the meeting.

Principle-Based Reserving: Who, Why What When and How Much?
Chances are you understand the basics of principle-based reserving (PBR), but still feel your company is unprepared to implement impending changes. Listen to our recorded web event to gain insight on what you should be doing now to prepare.

Data protection for the insurance industry
Personally identifiable information is a popular target for criminals, as malicious breaches and cyber attacks are rapidly increasing. Find out how to implement proper controls to protect customer data, as well as your reputation and finances.

“Interesting Times” in the Insurance Industry
Insurance companies face daunting challenges, ranging from outdated IT systems and regulatory uncertainty to a new generation of consumers impervious to traditional marketing tactics. Yet adversity creates opportunity, and those companies able to address obstacles creatively will achieve unprecedented success. Here are four crucial issues facing insurers and suggestions for responding to them.

NAIC Update Spring 2011
The National Association of Insurance Commissioners (NAIC) 2011 Annual Spring Meeting was held March 26-29 in Austin, Texas. This bulletin summarizes information discussed by the various committees, working groups and task forces of the Financial Condition (E) Committee during the meeting.

Business Combinations: Insurance Statutory Accounting vs. GAAP
Financial Accounting Standards Board (FASB) Statement No. 141 (R), Business Combinations (SFAS 141R) has materially changed the accounting for business combinations under U.S. generally accepted accounting principles (GAAP). Therefore, this alters the differences you must consider when preparing both Statutory and GAAP financial statements and related reconciliations.

Contact Us
Our insurance practice was built on the foundation of providing a better alternative for growing insurance companies. Working with RSM McGladrey and McGladrey & Pullen, you’ll find we don’t just know the issues you face; we’ve analyzed them and understand their impact on your business. We can connect you with seasoned professionals who have the experience needed to turn knowledge into know-how.

For more information, please contact Managing Director Jim Greisch at jim.greisch@mcgladrey.com, or call 402.344.6104.