Industries

Insurance

As seismic, sweeping changes reshape the industry, experience is critical – success demands the ability to create new insights from learned intelligence.

PKF O’Connor Davies professionals have more than 30 years of experience providing the insurance industry with exceptional assurance, tax and advisory services. Our clients include carriers of all sizes, captive companies, risk retention groups and managing agents. They insure diverse lines of coverage from commercial and private passenger auto, homeowners, workers compensation, surety and other specialty lines.

Our long industry tenure and innovation-oriented focus equip us to understand emergent technology, the disruption and opportunity it presents.

Working closely with clients throughout the year, our partners and professionals offer extensive audit services to assist businesses in securing independent confirmation of financial statements and guidance on key business issues. Complete tax reporting includes specialized federal tax reporting, consolidated holding groups and state and local filings. Of the utmost importance is ensuring compliance in this highly-regulated industry.

Specialized Solutions Support Specific Objectives

For start-up carriers, we advise on required regulatory filings, budgeting and tax planning. For those considering the formation of a captive insurance company, our business advisory services prove essential to sound projections and decision-making. Mature companies rely on our financial services specialists for help determining whether a sale, merger, acquisition or other transaction offers the optimal potential for realizing long-term objectives.

Companies of all sizes require the help of skilled cybersecurity experts to protect data, clients and the organization itself. Our specialists are highly knowledgeable in this complex and challenging domain. Their experience and insight are critical to protecting against privacy breaches, hacks, ransomware, costly financial and reputational risk.

Vital to helping our clients fulfill compliance regulations are our in-depth grasp of federal and state requirements and decades of interactions with regulators. Our specialists work tirelessly on your behalf to resolve potential issues and deal constructively with regulators.

Our services include:

Auditing, Assurance and Accounting Services

  • Statutory Audits
  • GAAP Audits
  • Statutory/GAAP Conversions
  • Pro Forma Financial Statements
  • Internal Control Assessments (SOC reviews)
  • Reinsurance transactions
  • Cybersecurity Assessments

Tax Preparation, Compliance and Consulting

  • Federal and State Tax Compliance
  • Preparation of Federal, State and Local Tax Returns
  • Representation with Taxing Authorities
  • Assistance with Regulatory Examinations
  • Quarterly and Annual GAAP and Statutory Tax Provisions and Disclosures

Governance, Compliance and Business Management

  • NAIC Model Audit Rule Compliance
  • Corporate Governance
  • Strategic Business Planning
  • Start-up Consulting
  • Accounting Systems Consulting
  • Due Diligence