Insurance Industry and Alternative Risk - Audit and Tax Services
For over two decades, Johnson Lambert & Co. LLP has demonstrated a commitment to meeting the specific needs of the insurance industry. From our newest professionals to our partners, we possess an unmatched depth of expertise to serve your organization.
The insurance industry is unique in that many insurance entities are subject to a unique and complex set of accounting principles, "statutory accounting principles", in addition to generally accepted accounting principles. Our personnel are intimately familiar with the requirements and application of statutory accounting principles as well as the application of generally accepted accounting principles to insurance entities. In this regard we have significant expertise in addressing the accounting and financial implications of complex insurance, reinsurance, investment and business transactions and issues.
Our insurance industry client base includes commercial insurance companies (public and private), risk retention groups, captive insurance companies and other alternative risk entities. We provide audit and other assurance services to our insurance industry clients as well as tax compliance and consulting services. Additionally we prepare SAS 70 Reports for insurance service providers including claims administrators, underwriting administrators, managing general agents and captive insurance managers.
All of our eight offices serve the insurance industry. We are able to effectively provide services throughout the United States and selectively internationally as well.
A.M. Best recently issued a Special Report, Insurance Auditors & Actuaries of North America. In the Special Report, Johnson Lambert & Co. LLP was ranked as the overall #9 audit firm serving the insurance industry in North America, and #6 audit firm in the Property-Casualty segment, based on client net premiums written. Click A.M. Best Report 2009 for a full copy of the report.
Recent Insurance Focused White Papers and Articles
Selected Highlights - NAIC August 2010 meeting
Selected Highlights - NAIC March 2010 meeting
Standard Setters on Record-Setting Pace for Issuance of Fair Value Accounting Guidance
Valuing Fixed Income Securities To Derive A Fair Value Estimate
Selected Highlights - NAIC December 2009 meeting
Premium Deficiency Reserves - Inconsistencies in Practice