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The insurance industry is facing unprecedented levels of change from evolving regulations to the rapid adoption of technology and the impacts of big data. You need a Value Architect™ to support your financial and operational goals.


We provide a continuous, interactive cycle of financial health services helping you to establish and maintain a solid fiscal and regulatory base. That base is then enhanced through improvements to your operations across all functions of your organization.

    Our solutions

    Insurance organizations are faced with regulatory uncertainty, cost pressures and degrading margins. Calls for new models of healthcare are battering health plans’ strategies and operating procedures. New technology is disrupting how P&C companies structure their offerings. Work with an advisor to help you find sustainable success.

    Insurtech organizations and traditional insurance companies developing or investing in insurtech need a range of problems solved over the course of initial set up through to maturity. Our advisors and consultants can help your organization to grow quickly, integrate effectively, comply with regulations and be sustainably profitable.

    Insurance regulators need experienced, hands on assistance in evaluating a complex array of programs and their effectiveness. More than ever, regulators need experienced service providers to assist in their examinations and analysis. Baker Tilly’s team of regulatory services specialists have experience in both auditing and examining insurance organizations.

    Actuarial services are becoming more and more prominent as companies work to ensure they are accurately accounting for risks across their organization. From insurance companies to state regulators to commercial enterprises, entities are beginning to understand the need for actuarial services in mitigating risk.

    Public, mutual and private insurance companies are pressured to grow profitably, meet compliance requirements and manage cash and investments effectively.

    Benefit from candid insight and straightforward advice from industry specialists with hands-on experience in strategic, operational and finance divisions of P&C, life, health, reinsurance and captive insurance companies.

    Grow your business

    • Agent talent strategies
    • Analytics, dashboarding and business intelligence
    • Audit committee and corporate governance consulting
    • Board and audit committee advisory
    • Capital raising solutions
    • CFO advisory services
    • Customer strategies/consumer engagement
    • Demutualization consulting
    • Go-to-market roadmap development and implementation
    • Growth strategy assessment and alignment
    • Market assessment
    • Payment transformation
    • Pre-risk quantum reviews
    • Product and service innovation and launch effectiveness
    • Risk optimization
    • Technology based claims solutions
    • Transaction advisory
    • Strategic alternatives analyses
    • Structure review
    • Tax credits and incentives

    Optimize resources

    • Agile internal auditing
    • Benchmarking studies
    • Board and department level training
    • Change management
    • Cost containment strategies
    • Financial modeling and decision support
    • Financial ratios
    • HR strategy and transformation
    • HR technology
    • IT operations management
    • IT security training
    • Outsourced and co-sourced accounting and internal audit services
    • Resource optimization
    • Strategic planning facilitation
    • Robotic Process Automation (RPA) implementation
    • Workforce and talent management

    Manage risk and ensure compliance

    • Business continuity planning/disaster recovery
    • Comprehensive risk assessment framework
    • Cybersecurity risk assessment and consulting
    • Cyber risk insurance analysis
    • Digital forensics data loss prevention
    • Data privacy assessment, design and implementation
    • Employee departure data capture
    • Enterprise risk management and ORSA assessments
    • Evaluate financial account risk management, and current and emerging threats and opportunities
    • Form F and Corporate Governance Annual Disclosure assistance
    • HIPAA security assessments
    • Infrastructure stability
    • Litigation support
    • Major claims forensics
    • Market conduct investigations
    • Pricing and rate analysis
    • Review of reserves
    • Regulatory compliance
    • Risk or economic capital modeling
    • Sarbanes-Oxley (SOX) compliance and implementation assistance
    • Security assessment (external/internal)
    • State risk-focused insurance examinations

    Gain assurance

    • Actuarial due diligence and review of fair value reserves
    • Audits, accounting and reporting: Statutory, GAAP, employee benefit plan, agency, TPA and MGA
    • Certification of loss reserves
    • Corporate governance annual disclosure assistance
    • Corporate and intangible asset valuations
    • Digital forensics
    • Due diligence
    • Fairness opinions
    • Federal, multistate and international tax
    • Fraud and investigations
    • IRS practice and procedures
    • Model Audit Rule (MAR) implementation assistance
    • Processes and controls documentation and testing
    • Quality assurance review (QAR)
    • Reinsurance consulting
    • Risk assessment and planning
    • SOC 1, 2 and 3 reporting
    • State nexus consulting
    • Valuations
    They are more than consultants. The Baker Tilly team raised the quality of our internal audit and risk management functions and helped us through the change management required to ensure success. We are extremely pleased with their work.
    Craig Campbell, Chief Administrative and Risk Officer, WPS Health Solutions, Wisconsin Physicians Service Insurance Corp.
    The transition of our audit work to Baker Tilly was easy, with no disruptions to our business. Because they know our world, we don’t have to answer unnecessary questions. Their experienced professionals are able to bring practical tax and accounting solutions to our complex business.
    Jon Gangelhoff, Chief Operating Officer, GWG Holdings, Inc. and GWG Life

    By the numbers

    7th largest

    7th largest insurance auditor (Aon Ward Benchmarking 2018)

    11th largest

    11th largest P&C insurance auditor (A.M. Best 2019)

    60% of states

    Working or qualified to work in 60% of states using external specialists