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 Valued Business Advisor to support your financial and operational goals. 



Focus: ASC 606, revenue recognition

Be aware that ASC 606, the new revenue recognition standard, will impact insurers with revenue streams outside of insurance contracts.

Learn more about ASC 606 >
 


 

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

Rely on our specialized insurance industry team to understand your organization’s intricacies, the regulations that affect you, new threats and opportunities you face and how to best position your company through our tax, accounting, risk and consulting services.

Efficient and secure operations, accurate financial reporting, concise accounting practices and effective internal controls are the subject of ever-increasing scrutiny as you work to comply with regulations, minimize taxes and address risk effectively.

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

Health insurance organizations are faced with unprecedented challenges. Regulatory uncertainty, cost pressures, degrading margins and calls for new models of healthcare are battering health plans’ strategies and operating procedures. Work with an advisor to help your health plan find sustainable success.

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.


"Being named a ‘Top Auditor’ recognizes the efforts of our specialized practice and experienced team members in supporting our clients’ success."

A.M. Best Company Ranks Baker Tilly in Top 12

A.M. Best Company Ranks Baker Tilly in Top 12

Best’s Review has released rankings of the top audit and actuarial firms in the U.S. Baker Tilly ranks in the top 12 for both Top Property and Casualty Auditors and Top Health Auditors.

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ASC 606 for insurance organizations: Who is affected and what are the impacts

ASC 606 for insurance organizations: Who is affected and what are the impacts

Many insurance organizations are recognizing they have revenue streams that fall under the scope of ASC 606, Revenue from Contracts with Customers. View a recording and download the slides from this special webinar hosted by Baker Tilly’s insurance industry specialists covering the main aspects of ASC 606, the areas insurers are impacted and the timeline organizations have to comply with this new standard.

Learn how ASC 606 impacts your organization >

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