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Insurance Accounting Reporting Compliance

Trust Experienced Partners with Your Insurance Compliance Risks

You depend on expert accounting, financial reporting, compliance, and strategic business services to avoid risk. ARC Strategic Services delivers the expertise you need.

The Future of Compliance:
Increasing Exposure, Escalating Costs

As the CFO or Compliance Officer, you shoulder heavy responsibilities that may include both civil and criminal repercussions for failure. That’s not all. Statutory insurance reporting also impacts your daily operations and the bottom line.

The Challenges of Staying Compliant

  • Increasing costs
  • Committing excessive time
  • Lack of sophisticated compliance and accounting experience
  • Tracking regulations and compliance requirements as they evolve

Let Us Handle the Heavy Lifting – and Worrying

You’re already facing resource constraints. That’s where ARC comes in with our insurance Accounting, Reporting, and Compliance experts. You’re covered.

ARC Accounting Reporting Compliance Services

  • Preparing and/or reviewing NAIC statutory filings
  • Creating adjusting journal entries
  • Providing quarterly and annual financial regulatory reporting
  • Providing monthly, quarterly, and annual management analysis reporting
  • Accounting for investments
  • Reconciling for reinsurance
  • Preparing premium taxes
  • Identifying and preparing State Supplemental Financial filings
  • Documenting current processes
  • Offering recommendations of process improvement
  • Validating data
  • Assisting with on-demand phone questions regarding accounting, compliance, and reporting
  • Supporting management, as needed
  • Accounting system review, recommendation, and transformation

ARC High-Expertise Strategic Services

Tier 1
  • Supporting board meetings as needed
  • Engaging with and providing information to Department of Insurance financial and compliance requests
  • Developing and assisting in response to DOI corrective action and remediation plans
  • Serving as liaison for audit and examination (financial and market conduct) process and questions
  • Analyzing investment risk, Other-than-temporary Impairment, and related reporting
  • Reporting for GAAP
  • Training and transitioning staff
  • Analyzing and improving Risk-based Capital (RBC) Ratio
  • Building quality audit reviews of internal audit functions (QARs)
  • Strategizing for KPIs and other managerial reports for the financial reporting function
Tier 2
  • Documenting, reviewing, and monitoring for Enterprise Risk Management (ERM)
  • Capital management planning and forecasting
  • Planning for Succession
  • Working with DOIs for new line of business or entries into new states
  • Providing Controller / CFO / Internal Audit services

Is This Part of Your Typical Week?

From board reporting and assessing cyber resilience to leading cultural change and more, when do you have time to merge strategy and regulatory compliance?

Learn how ARC can handle some of Your responsibilities.

Contact Us

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We Handle the Heavy Lifting so you can Plan, Grow, and Rest Assured

Contact Us

Call us at (615) 200-0351