Insights

When it comes to filing NAIC (National Association of Insurance Commissioners) annual statements, the team at ARC Strategic Services has identified common recurring issues insurance companies make in their Notes to Financial Statements and General Interrogatories sections. Addressing these issues…

Insurance companies have implemented broader and deeper levels of financial and business reporting with an expanded lens on underlying business drivers. At the same time, the insurance industry requires companies to complete state financial filings, supplemental data filings, as well…

General Ledger conversions are a heavy lift for any insurance company, and they come with substantial costs. Your accountants already work long hours before an implementation project doubles their workload. Complex projects face considerable risk of failure during the lengthy…

If your idea of holding people accountable centers on maintaining control of everyone’s deadlines welcome to exhaustion and frustration! In reality, accountability and employee engagement go hand-in-hand. According to a Gallup survey, poor employee engagement manifests itself in: Higher absenteeism Higher…

An effective financial strategy seamlessly embeds accurate and timely accounting within an insurance company’s regulatory compliance structure. An integrated approach requires a foundation designed with this end result in mind. Building an execution model within your organization empowers your team…

Executives know that an effective enterprise strategy involves compliance and risk management. Effective compliance, relative to regulatory and enterprise objectives and controls, results in more efficient execution of strategic goals. There is a known drag on an organization that has…