CHICAGO (March 7, 2017) – Baker Tilly Virchow Krause, LLP (Baker Tilly) is pleased to announce that nearly 60 percent of the states in the U.S. that use external specialists have qualified or are working with Baker Tilly to conduct financial exams of insurance companies.
“This reach demonstrates our insurance team’s expertise in regulatory compliance,” Christine Anderson, firm financial services industry leader, said. “The team’s knowledge of regulations and insight into how insurance companies do business has developed the depth of specialization needed to meet the high standards of state regulators.”
Baker Tilly is currently working in or qualified to work in 25 of the 43 states that use external specialists to conduct financial examinations.
Baker Tilly’s regulatory insurance specialists have rich and varied experiences in helping states implement the risk-focused approach in the field, providing on-site training and support, as well as technical support in information technology (IT), actuarial, investments and reinsurance areas. The team has been involved in examinations of life, health and property/casualty companies of all sizes, including some of the industry’s largest insurers.
About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 countries, with 30,000 professionals. The combined worldwide revenue of independent member firms is $3.2 billion.