Insurance

The insurance market is growing at an unprecedented rate, driven by opportunities to protect assets, mitigate risks and contain costs. Insurance providers need to work with an accounting firm with dedicated industry expertise to keep their companies in compliance with a diverse range of complex tax and regulatory requirements. Bennett Thrasher can provide that expertise when you’re looking to outsource your insurance accounting services and help provide the financial insight you need to be successful and in compliance.

Our advisory, audit and tax professionals serve a number of insurance clients domiciled throughout the United States and internationally, including:

• Commercial insurance carriers
• Captive insurance companies
• Insurance agencies
• Insurtech
• Managing general agents
• Mutuals
• Reciprocals
• Risk retention groups
• Third-party administrators

Our insurance accounting outsourcing team’s extensive knowledge of the insurance industry allows us to help our clients fulfill their business objectives through comprehensive advisory, accounting and tax support, including:

• Financial statement audits
• Federal and state income tax planning and preparation
• International tax and transfer pricing
• Recommending insurance service providers including; managers, attorneys, actuaries and other professionals who can help establish and manage an insurance entity
• Insurance claims services
• Representing taxpayers during IRS examinations

With a rapidly changing industry, you don’t have time to worry about whether each annual audit and tax filing is completed correctly and on time or, to constantly educate service providers on the nuances of the insurance industry.

At Bennett Thrasher, each insurance client receives attention from our most experienced insurance accounting professionals. While we deliver a high level of expertise, we also are able to maximize our efficiency to manage your cost. As auditors and tax advisors for several types of insurance entities, we are able to leverage critical mass to build additional efficiency into our processes.