As insurers grapple with the effects of financial market movements, the potential threat of terrorist attacks, increasing health-care costs, imbalanced medical-liability pain and suffering tort awards, the potential of a severe catastrophe loss, and the continued substantial losses stemming from asbestos and environmental tort claims not to mention the more recent intense legal scrutiny stemming from investigations by the New York State Attorney General’s office into industry’s practices that have reignited the debate of federal vs. state regulation of insurance—the need for sound and timely business advice is crucial and hard to find as they require specialized bodies of knowledge and skilled professionals.
As one of the leading auditors of insurance companies in the US, we have extensive knowledge of the issues, trends and challenges that insurers face and our dedicated insurance professionals will work with you to help your organization manage risk and improve performance. Our integrated approach to problem-solving involves an international network of insurance accounting, tax and business advisory professionals who can quickly organize to form highly qualified teams that can respond to your diverse business needs.
PwC’s US insurance industry specialists can help you achieve your goals across a complete range of activities, including: GAAP and SEC accounting and reporting, statutory accounting principles and applications, regulatory and compliance solutions, mergers & acquisitions, IFRS, actuarial-related audit and consulting services, and insurance tax-related services.
