Insurance Regulators
Insurance Regulators
Kenneth N. Hugendubler
CPA
Partner
Christopher J. Tait
MBA, CISA, CCSK, CFSA, CCSFP
Principal
John Romano
CPA, CIA, CFE, CITP, CSM
Partner
Russell Sommers
CPA, CISA
Partner
Our specialists have been involved in examinations of life, health and property/casualty companies of all sizes, including some of the industry’s largest insurers. Baker Tilly’s specialized professionals have been providing regulatory services for more than 25 years, including risk-focused financial, actuarial and IT examinations and financial analysis projects, administrative supervision, rehabilitation and liquidation assignments.
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.
Experience and specialization
Benefit from insurance specialists with rich and varied experiences in helping states implement a risk-focused approach in the field, providing on-site training and support, as well as providing technical support in information technology (IT), financial analysis, actuarial, investments, financial analysis and reinsurance areas.
Explore our services:
- Financial examination support
- Financial analysis
- Rehabilitation, liquidation, receivership and supervisory
- Information technology and cybersecurity assessments
- Transaction analysis
Financial examination support
State insurance departments are now required to perform risk-focused financial examinations. Baker Tilly can help states meet this requirement, regardless of where they are in the process.
- Risk-focused advisory services
- Financial examination services
- Actuarial support
- Training (e.g., regarding financial analysis, risk assessment, ORSA, risk-focused exam approach)
- Investment and derivatives specialist services
- Capital market transactional reviews and analysis
- Enterprise risk management (ERM) and own risk and solvency assessment (ORSA) evaluation
- Corporate governance assessment
- Captive insurer and risk retention group specialist services
Financial analysis
- Routine or special assignments, including examination assistance
- Admissions
- Troubled companies
- Holding company filings
- ERM and ORSA analysis
- Investment risk management analysis
- Evaluation of financial forecasts and projections
- Evaluation of risk-based capital recovery plans
- Evaluation of Form A, D, F and other regulatory submissions
- Reinsurance treaty review
- Claim management and contract disputes
- Damage analysis
- Litigation and dispute resolution support
- Agency/MGA/TPA investigations
Rehabilitation, liquidation, receivership and supervisory
- Receivership administration, control, and management
- Asset recovery and litigation support
- Advisory services to rehabilitators and liquidators
- Litigation support
Information technology and cybersecurity assessments
- Outsourced IT examinations – full-scope, cyber and targeted
- IT examination risk assessment – co-sourced with state for execution
- IT examination advisory – pre exam consultations
- ERM and corporate governance assessments
- Cybersecurity risk assessments and gap analysis
- NAIC cybersecurity examination preparedness
- Department IT/cybersecurity training
- External/internal network security testing
- Network and firewall architecture reviews
- Application security testing
- Wireless and mobile security reviews
- Payment card industry (PCI) compliance readiness
- Phishing and social engineering risk assessment and testing
Transaction analysis
- Evaluation of proposed transactions, unique and/or complex
Our services
Actuarial Services
Baker Tilly’s actuarial professionals help state regulators, insurance organizations, manufacturers and healthcare providers understand their financial risk.
Cybersecurity
Proactively protect and address your cybersecurity and information technology (IT) risks.
Data Solutions
Capturing, understanding and leveraging the data that matters most and bringing it into focus is no trivial matter. Rely on our experience to drive your business forward.
Examination Readiness Services
Insurance companies need exam readiness support and assessment to understand how to prepare for an upcoming examination.
Fraud & Forensic Investigations
Identifying, quantifying, and mitigating the risks, costs, and effects of fraud, abuse, and corruption.
Related industries
Health Plans
Helping health plans bring all the pieces together to find the right solutions for you.
Insurance
Navigating the ever-changing insurance industry while also meeting compliance requirements and staying ahead of quickly developing technology can be overwhelming. Chart your legacy and reach your financial and operational goals: Your journey starts here.
Insurtech
Insurtech’s rapidly evolving environment means innovation is both your best growth opportunity and your biggest competitor. Work with a team that can help you win your race.
Financial Services
The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.
By the numbers
75% of states
Working or qualified to work in 60% of states using external specialists
5th largest
5th largest health insurance auditor (A.M. Best 2022)
7th largest
7th largest insurance auditor (Aon Ward Benchmarking 2019)
11th largest
11th largest P&C insurance auditor (A.M. Best 2019)