Insurance Accounting Services

 

We provide a variety of services to insurance companies, agencies, MGAs and MGUs and other insurance related entities.  Our staff has experience with property and casualty, life and health insurance in a variety of sizes, from small to large entities.  We have done projects ranging from fully outsourcing the accounting function to preparing regulatory filings to providing staff augmentation for those busy times. 

 

The services we provide insurance companies include payroll, tax and outsourced accounting and regulatory filings.  What makes us unique is that we know the industry inside and out, and you won’t need to explain the nature of the insurance industry to our staff.  We know terms like reinsurance, yellow/blue/green/brown/orange book, policy administration system and unearned premium.  We also keep up to date with attendance at the Insurance Accounting and Systems Association local and national conferences and other insurance related education.

 

Our Offerings Include:

 

Service Example:

 

Advised and assisted a new insurance startup with setting up accounting systems and mapping data from data warehouse to reports for accounting system for holding company and insurance related subsidiaries.  Once up and running, recorded journal entries and prepared monthly financial statements.  Assisted with complex accounting calculations and audit support for first external audit.  Set up general ledger for newly formed insurance company and assist with monthly accounting and financial statements.  Prepared quarterly statement.

 

Client was able to scale quickly by outsourcing initial setup of accounting department and

preparation of financial statements.  In addition, client saved money by not needing to

hire staff accountants up to CFO level experience, but hiring on an as needed basis. We

were able to provide a depth and breadth of knowledge to assist in all phases of growth

and day to day accounting.

 

 

 

Service Example:

 

Advised and assisted a new insurance startup with setting up accounting systems and mapping data from data warehouse to reports for accounting system for holding company and insurance related subsidiaries.  Once up and running, recorded journal entries and prepared monthly financial statements.  Assisted with complex accounting calculations and audit support for first external audit.  Set up general ledger for newly formed insurance company and assist with monthly accounting and financial statements.  Prepared quarterly statement.

 

Client was able to scale quickly by outsourcing initial setup of accounting department and preparation of financial statements.  In addition, client saved money by not needing to hire staff accountants up to CFO level experience, but hiring on an

as needed basis.  We were able to provide a depth and breadth

of knowledge to assist in all phases of growth and day to day

accounting.

 

Service Example:

 

Advised and assisted a new insurance startup with setting up accounting systems and mapping data from data warehouse to reports for accounting system for holding company and insurance related subsidiaries.  Once up and running, recorded journal entries and prepared monthly financial statements.  Assisted with complex accounting calculations and audit support for first external audit.  Set up general ledger for newly formed insurance company and assist with monthly accounting and financial statements.  Prepared quarterly statement. 

 

Client was able to scale quickly by outsourcing initial setup of accounting department and preparation of financial statements.  In addition, client saved money by not needing to hire staff accountants up to CFO level experience, but hiring on an as needed basis.  We were able to provide a depth and breadth

 of knowledge to assist in all phases

 of growth and day to day accounting.

Services Example:

 

Advised and assisted a new insurance startup with setting up accounting systems and mapping data from data warehouse to reports for accounting system for holding company and insurance related subsidiaries.  Once up and running, recorded journal entries and prepared monthly financial statements.  Assisted with complex accounting calculations and audit support for first external audit.  Set up general ledger for newly formed insurance company and assist with monthly accounting and financial statements.  Prepared quarterly statement.

 

Client was able to scale quickly by outsourcing initial setup of accounting department and preparation of financial statements.  In addition, client saved money by not needing to hire staff accountants up to CFO level experience, but hiring on an as needed basis.  We were able to provide a depth and breadth of knowledge to assist in all phases of growth and day to day

accounting.

Kollath

CPA

l

Payroll.  Tax.  Accounting.  HR Consulting