The insurance industry, not unlike other financial services segments, faces ongoing market place changes requiring response in the form of improved regulatory compliance, margin management, growth, and safety. Regardless of the market’s overall condition, insurers must constantly be attentive to balance their business initiatives among these requirements.
At Baker Tilly, we align our consulting services for insurance companies with the industry’s business needs. Our client service teams are blends of people with industry and special service experiences. We combine our passion for client service, diverse skills, and proven tools and techniques to enable us to deliver measurable, sustainable value to our insurance clients.
Baker Tilly’s consulting team offers targeted services to assist insurers to: grow the business, operate efficiently, manage risk and comply with laws and regulations.
Grow the business: Whether organically or through acquisition, insurers are concerned with cost-effective growth.
- Growth and retention services
- Merger/acquisition services –business units or whole institution
Operate efficiently: While insurers have different ownership forms (stock and mutual) that may influence perspectives toward cost and customer service, all companies want to operate within the parameters of their mission and vision framework.
- Expense management services
- Human capital services – enable people to be effective and efficient in executing their roles
- Measurement and management services
- Project and technology management services
Manage risk: The fundamental responsibility for insurers is risk management and risk sharing for its customers; however, risk extends into the foundation of operations and management of the insurance enterprise.
- Operational risk services
- Other risk related services
Comply with laws and regulations: Many of these services are performed jointly with people from one or more of our other service lines - assurance, risk services, and tax.
- Pre-exam services
- Post exam services
- Other compliance related services
Contact our financial services industry team >