Insurance

The insurance industry is unique in that it is subject to a complex set of accounting principles that other industries do not require, in addition to generally accepted accounting principles (GAAP). CCR LLP’s staff is intimately familiar with the requirements and application of statutory accounting principles and GAAP for the insurance industry so that we can help manage your company’s financial matters with no learning curve.

CCR provides services that creatively meet each organization’s unique needs. In addition to traditional financial statement audit services and tax services,  we provide our clients with a broad array of customized non-traditional services such as:

• Audited Statutory Financial Statements
• Audited GAAP Financial Statements
• Expertise working with Companies and Alternative Mechanisms providing Insurance and Reinsurance for the following lines: Property & Casualty, Health, Workers’ Compensation, Pharmaceutical, Surety, Title, Auto and Life
• Expertise in Alternative Insurance Mechanisms including high-risk pools, governmental pools, state pools, captives and other alternative insurance based programs
• Management's Discussion and Analysis
• Tax Planning
• Representation Before State Regulators
• Financial Analysis
• Referral of Qualified Actuarial Services
• Income and Premium Tax Returns
• Business Plans
• Mergers and Acquisitions
• Educational Presentations to Client Personnel, Trade Association Members and Board of Directors
• Other Management Advisory Services

Our CPA firm serves more than 20 insurance companies/entities in 10 different states and is an approved vendor to the State of Connecticut Department of Insurance for statutory examinations. We work with small- to mid-size insurance companies and the alternative risk segment of the industry, including insurance and reinsurance pools and trusts. Our insurance clients appreciate our attentive service, increased exposure to audit partners, industry expertise and lower cost structure than what many experienced with the Big Four firms.