KEB’s experience providing consulting and accounting services to insurance companies has earned us a national reputation in the insurance industry. KEB serves as the auditor of choice of insurance companies of all sizes, including companies regulated by the Securities Exchange Commission (SEC). In addition to our traditional accounting and auditing services, we also serve our insurance clients by providing general investigative examinations, litigation support and expert assistance with acquisitions and mergers.
In addition, we are experienced in preparing required reports for our insurance industry clients that are regulated by the SEC, and we can provide the support that is required by clients preparing public offerings. We have also developed an expertise in providing support to insurance companies in complying with the requirements of Section 404 of the Sarbanes-Oxley Act.
Our knowledge of the insurance industry has also prompted state insurance regulators to turn to KEB for assistance in performing examinations and special project work. These same regulators turned to KEB for assistance in developing a comprehensive strategic plan in response to changes in regulatory practices brought about by the Graham, Leach Bliley Act.
Insurance companies that turn to KEB can expect results, including:
- Assessment of existing internal controls and “informal” compliance reviews to find problems before outside regulators do
- Development or revision of written policies and procedures that meet regulators’ requirements
- Analysis of current practices, systems and organizational structures to identify cost cutting, cost recovery, risk control and revenue enhancement opportunities
- Implementation of sound internal control systems, including the review of current internal audit programs and the development of new ones