Our Services
ARC Strategic Services offers the following:
- Accounting, Reporting, Compliance, and High-expertise Insurance Consulting Services
- IT Systems and Controls Insurance Consulting
- Client-Side Project Management for System Transformation
Insurance Accounting, Reporting, Compliance, and Consulting Services
Our consultants each bring decades of insurance accounting experience from the industry side, regulatory side, and vendor/consulting side. This unique combination of perspectives allows us to understand your challenges from every angle and deliver solutions that work in the real world.
Whether you’re managing statutory filings, modernizing your financial systems, or navigating a complex transformation project, ARC Strategic Services has the expertise and experience to guide you through it.
Explore our three core service areas below, or learn how we help insurance companies build structure and eliminate compliance stress.
1 | Accounting, Reporting, and Compliance Services
Insurance accounting and regulatory compliance are specialized disciplines. The requirements are complex, the stakes are high, and the margin for error is minimal. Our team brings deep expertise in statutory accounting, NAIC reporting requirements, and the full regulatory landscape that insurance companies navigate.
We provide comprehensive support across the accounting and compliance function, from day-to-day operations to regulatory examinations. Whether you need ongoing support, project-based assistance, or executive leadership, we have the experience to deliver accurate, compliant results.
What We Provide
Statutory Filing and Reporting
We prepare NAIC statutory filings with accuracy and confidence. Our team understands the detailed requirements for Notes to Financial Statements, General Interrogatories, and all supporting schedules. We also provide guidance during regulatory examinations and help address examiner inquiries with clarity and completeness.
Financial Accounting and Analysis
From journal entries and account reconciliations to investment accounting and reinsurance analysis, we handle the detailed accounting work that keeps your ledger accurate. We also prepare management reporting and financial analysis that goes beyond regulatory requirements to support strategic decision-making.
Risk Management and Compliance Framework
We help you build and maintain an effective compliance and risk management program. This includes documenting controls, monitoring for regulatory compliance, preparing for regulatory examinations, and updating your framework as regulations evolve.
Executive and CFO/Controller Support
We provide interim CFO and Controller services, strategic advisory, succession planning support, and executive-level guidance on accounting and compliance matters. We also support board meetings with financial reporting and compliance updates.
The Outcome: Your accounting function runs smoothly, your filings are accurate and timely, your compliance program is robust, and your leadership team can focus on strategic priorities instead of firefighting.
2 | IT Systems and Controls Consulting
Insurance financial systems are complex. They must handle intricate accounting logic, regulatory requirements, data security, and operational reliability while serving the needs of accounting, compliance, IT, and audit functions. Many organizations operate on legacy systems that struggle to meet modern demands.
Our consultants bring decades of insurance systems experience from both the industry and consulting sides. We understand how systems should work, what compliance and audit require, and how to bridge the gap between technical capabilities and business needs.
What We Provide
System Assessment and Roadmapping
We assess your current financial systems, identify gaps between your capabilities and your needs, and develop a roadmap for modernization. This includes evaluating whether your systems support your accounting process, your compliance requirements, and your data governance needs.
System Selection and Vendor Evaluation
Selecting the right system is critical. We help you define requirements, evaluate vendors, and select systems that will serve your organization for years to come. We understand what insurance accounting and compliance teams need from their systems.
Data Architecture and Design
How your data is structured determines what you can report, how easily you can comply with regulations, and how efficiently your team can work. We help design data architecture that supports both your accounting needs and your compliance requirements. This includes designing your chart of accounts, dimensions, and data structures with your actual business processes in mind.
Controls and Compliance Integration
Your systems should embed compliance controls, not require manual workarounds. We help you design systems and processes that make compliance easier, not harder. This includes automated reconciliations, data validation, audit trails, and segregation of duties.
Process Improvement and Automation
We identify opportunities to automate manual processes, streamline workflows, and reduce the burden on your accounting and compliance teams. We also help document and improve your accounting and compliance processes to work more effectively with your systems.
The Outcome: Your systems support your business, your compliance team can work efficiently, and your data is accurate, secure, and auditable.
3 | Client-Side Project Management for System Transformation
System transformation projects are complex. Studies show that 70% of complex projects face significant challenges or outright failure. The difference between success and failure often comes down to project management, change management, and having someone on the client side who understands both the technical and business implications of the work.
Our consultants bring decades of insurance project management and business analyst experience. We’ve managed policy admin system replacements, general ledger conversions, data migrations, and enterprise-wide transformations. We know the pitfalls, the risks, and how to keep projects on track.
What We Provide
Project Planning and Scoping
We help you define the scope of your project, estimate timelines and resources, and identify risks before they become problems. Proper planning is the foundation of project success.
Project Governance and Oversight
We provide project management from the client side, serving as your advocate and ensuring the project stays aligned with your business needs. This includes managing timelines, budgets, scope, and stakeholder communication.
Business Requirements and Process Analysis
We work with your team to understand your current processes, define your future state requirements, and communicate those requirements to vendors and implementation partners. Clear requirements reduce misunderstandings and rework.
Change Management and Team Preparation
Systems transformations require more than technology. They require organizational change. We help your team prepare for change, understand new systems, and adopt new processes. We also support training, documentation, and knowledge transfer.
Risk Management and Issue Resolution
We identify and manage project risks, escalate issues quickly, and work to resolve problems before they derail the project. We also help you navigate difficult vendor conversations and contractor negotiations.
The Outcome: Your project stays on track, your team is prepared, your new system works for your business, and you avoid the pitfalls that cause 70% of complex projects to fail. For full implementation support and ongoing project management through go-live, Projenomics by our parent company, TAC4 Solutions, brings specialized expertise to ensure your project succeeds.
Why Choose ARC Strategic Services
We bring a unique combination of accounting expertise, systems knowledge, and project management experience. Unlike vendors trying to sell you something, we work as an extension of your team to solve your actual problems. We understand insurance. We understand compliance. We understand systems. And we understand the complexity of managing change in organizations.
As a division of TAC4 Solutions, we combine deep insurance industry expertise with the technical capabilities and project management discipline of a larger organization. This allows us to take on complex projects and deliver comprehensive solutions, while maintaining the responsiveness and personal attention of a boutique consulting firm.
Ready to Get Started?
Whether you need accounting and compliance support, systems consulting, or project management guidance, ARC Strategic Services is ready to help. Contact us for a confidential discussion about your needs.
Testimonials
Our clients' thoughts
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.
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.
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.
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.
ARC’s support has been invaluable, especially during regulatory exams. Their expertise in system implementation and compliance has positioned us for long-term success. They understood our challenges from day one and provided comprehensive solutions that modernized our operations. The implementation of new accounting systems was seamless, and their ongoing filing support ensures we’re always compliant. ARC has become an essential partner in our success
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.
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!
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.
We have been partnering with the ARC team for over a year now and are thrilled with our decision to work with this team. We called on them to help with state insurance department filings, quarterly NAIC statutory filings, examination inquiries and other compliance requirements. We are so glad they are with us. This team is exceptional, and are collectively one of the most pleasant groups to work with. They are patient, professional and extremely knowledgeable. In addition to all the regulatory support, they recommended and supported the implementation of two systems to aid in process improvement and to streamline our compliance. I look forward to a long partnership with the ARC team.
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.