What experience does the ARC team have in insurance compliance and regulatory matters?

Our team brings decades of combined experience in both the industry and regulatory sides of insurance. Our consultants have served as CFOs and Controllers, and many have worked directly as financial examiners and in regulatory offices. This unique dual perspective enables us to understand compliance requirements from both sides and anticipate examiner expectations, giving your organization a significant advantage during regulatory reviews.

How can ARC help during a regulatory examination?

Our Exam Liaison service provides complete examination support including preparation planning, document coordination, regulatory relationship management, and post-examination action planning. We help ensure your organization is ready and confident throughout the examination process.

Does ARC offer training and staff development for insurance teams?

Yes! ARC Academy provides specialized training programs designed for insurance professionals. Our courses cover compliance best practices, regulatory requirements, process improvement, and leadership development. Visit ARC Academy to discover our training programs.

Accounting, Reporting & Compliance Expertise

Central Insurance Group Case Study

For Insurance Statutory Compliance, Financial Management & Regulatory Support.

The Challenge

Central Insurance Group, founded in 1876, has nearly 150 years of history and operates as a successful property and casualty insurance group with combined assets totaling over $2 billion and an A.M. Best Rating of “A” (excellent). Despite their strong market position, the company faced growing challenges in keeping pace with evolving insurance regulations and the complexities of their financial reporting processes. As regulations remained stringent and compliance requirements became increasingly complex, Central Insurance Group recognized they needed a strategic partner capable of enhancing their operational efficiency while supporting their team through continuous regulatory changes. Their consolidated balance sheet and income statement reporting required substantial manual effort, and their eliminations process was time-consuming and prone to inefficiency.

The Solution

ARC Strategic Services emerged as the ideal partner. The engagement began with a thorough assessment of Central Insurance Group’s established processes. Rather than simply taking over existing workflows, the ARC team conducted a comprehensive review to identify opportunities for process redesign and continuous improvement. We focused on redesigning financial processes to unlock operational efficiency.

Automating the eliminations process – Replacing manual, time-consuming procedures with systematic automation that reduced errors and freed up internal resources.
Refining consolidated reporting – Enhancing both the consolidated balance sheet and income statement to improve accuracy, clarity, and compliance with regulatory standards.
Collaborative partnership approach – Working seamlessly with Central’s internal team, combining deep expertise in insurance accounting with practical knowledge of operational streamlining.

The Results

In a remarkably short timeframe, the partnership delivered tangible results that transformed Central Insurance Group’s financial operations:

✓ Automated eliminations process – Eliminated manual steps that were consuming significant staff time, reducing processing time and human error.

✓ Refined consolidated reporting – Enhanced balance sheet and income statement clarity, improving audit readiness and regulatory compliance.

✓ Established foundation for growth – Created scalable processes that support the company’s continued expansion without proportional increases in overhead.

Perhaps most importantly, these improvements were achieved through a collaborative partnership. The ARC team’s exceptional insight and collaborative approach made them “a joy to work with,” according to Central’s leadership. The improvements positioned Central Insurance Group for a robust future, with team members freed from repetitive tasks and able to focus on strategic initiatives.

“Central, with nearly 150 years of history, is steadfastly moving into the future. As insurance regulations remain stringent, we sought a partner capable of enhancing our efficiency and supporting our team through evolving challenges. ARC Strategic Services emerged as the ideal collaborator. Their knowledge and expertise has been and continues to be instrumental to our growth trajectory. Beginning with a thorough assessment of our established processes, they identified opportunities for process re-design and continuous improvement. In a remarkably short time, they have already automated our eliminations process and refined our consolidated balance sheet and income statement reporting. The ARC team’s exceptional insight and collaborative approach make them a joy to work with. We’re thrilled by the strides we’re making and excited for upcoming change, ensuring a robust future for our team.”

Mark S.

Central Insurance Group

About Central Insurance Group

Founded as the Central Mutual Insurance Company in 1876, Central Insurance Group has evolved into a successful property and casualty group operating on a strong foundation of core values. The company’s commitment to excellence is reflected in combined assets totaling over $2 billion and an A.M. Best Rating of “A” (excellent). Based in Van Wert, Ohio, Central operates regional offices and continues to set industry standards for stability and service.

Services Provided

Financial Process Automation

Eliminations process automation and consolidation workflow optimization to reduce manual effort and improve accuracy.

Consolidated Financial Reporting

Balance sheet and income statement refinement and enhancement to improve clarity and compliance.

Process Improvement

Comprehensive assessment and redesign of financial processes to support scalable growth and operational efficiency.

Regulatory Compliance Support

Enhanced audit readiness and compliance with insurance regulations and industry standards.

Ready to Transform Your Compliance Operations?

Let ARC Strategic Services help your insurance company strengthen reporting, improve compliance, and achieve regulatory excellence. Explore our complete offerings to learn how we can support your organization.

Schedule a Consultation

Testimonials

Our clients' thoughts

Our company is looking to move forward and improve our Annual Statement filing accounting and preparation methods. After meeting with the team from ARC Strategic Services, we confidently feel that we are on the right path to making those improvements. They are very knowledgeable about the insurance industry as well as what is expected of us for reporting compliance. We are excited to work with them and look forward to seeing great results! I can’t say enough about how easy they are to talk with and it was a true pleasure to meet with such a great team.

Bonnie Bishop

Secretary/Treasurer, Gallatin County Fire, Wind & Lightning Insurance

We are thrilled to be partnering with the ARC team! We initially brought them on board to help with our NAIC statutory filings. The experience of this team was instrumental in helping us enhance our Notes as well as several schedules, including Schedules D and E. They helped with process improvement for data coordination for the Notes and Schedules. This will ensure efficiency, accuracy and completeness well into the future. The team’s deep expertise beyond basic accounting and statutory reporting allows them to effectively assist with inquiries from the regulators. They help relieve the statutory and regulatory burden, allowing me to focus on other strategic areas of the business. I would highly recommend ARC Strategic Services.

Colleen Handy

CFO, Palmetto Surety Corporation

View this case study

ARC Strategic Services has been an invaluable partner in supporting our statutory reporting and regulatory compliance efforts. Their team brings a high level of expertise in NAIC reporting, and their work on our Risk-Based Capital analysis and financial schedules has strengthened both our reporting accuracy and internal processes. They are responsive, detail-oriented, and consistently deliver high-quality work. Just as important, they work collaboratively with our team and feel like a true extension of our organization.

Lisa M.

Palmetto Surety

ARC Strategic Services has made a meaningful impact on how we approach financial reporting and regulatory compliance. Their team took the time to understand our processes and quickly identified opportunities to improve efficiency, including automating key reporting functions and refining our consolidated financial statements. What stands out most is their ability to combine deep insurance accounting expertise with practical solutions that actually work in a day-to-day environment. We now have stronger processes, better data visibility, and more confidence in our reporting.

Mark S.

Central Insurance Group

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The ARC team was a wonderful find for AllCare Health and the perfect fit for our team and our needs. Their depth of knowledge and experience in insurance accounting and regulatory compliance is unmatched and we are so happy to be partnering with them. We initially brought them in to assist with regulatory compliance and various forms completion. We quickly realized the depth of their knowledge and have expanded their work to include readiness for our examination as well as a policy and procedures review and enhancement. Our mission includes leading the way to better healthcare for Oregon and its people. A part of meeting that mission is assurance that we continue to maintain excellent processes to propel us into the future and effectively support our members. The ARC team has so much knowledge and experience to bring to that effort. They are relieving the statutory and regulatory burden, allowing our team to focus on other high impact areas of the organization. I would highly recommend ARC Strategic Services.

Matthew Woodin

CFO, AllCare Health

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Partnering with the ARC team has been an excellent decision! I met the team at a conference and knew immediately they had the knowledge and professionalism we were looking for to help with a variety of needs, starting with our statutory filings. Q1 filing was completed early, which removed the stress of meeting the deadline. This team has such deep insurance regulatory expertise, I can feel confident that the filings are done accurately and in full compliance with the NAIC.

Brian has also made recommendations and helped by improving the process for our cash reconciliations and mapping data over to the statutory statement. I recently requested they help with another process improvement project that I anticipate will save us considerable time on a monthly basis. I cannot recommend ARC Strategic Services enough. They are a great team to work with!

Michael Eldridge

Office Manager, Hamblen Mutual Insurance Company

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At Investors Preferred, we understand that a solid ERM framework can increase risk-related focus across all functions of our business. We wanted a partner with an established ERM track record, and we were impressed with ARC's robust experience working with insurance firms like ours. We were confident the ARC's team would be able to appreciate the complex regulatory environment we face.

Nikki Pethtel

CFO, Investors Preferred

I had great experiences collaborating with ARC Strategic Services while I was a Senior Manager at MCM CPAs & Advisors LLP. When I took the role of Director of Finance & Accounting with KY AGC/SIF, I knew I could use their unique and tailored experiences for our large transition accounting & system needs. The ARC team has valued expertise ranging anywhere from project management, systems implementation, regulatory compliance, and CFO services. With ARC on our side, I know the Fund is setting itself up for future success and growth.

Wes Vance

Director of Finance & Accounting, KY AGC/SIF

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