Insurance Entities Overview

Property and casualty insurers operate in a highly unique business environment that requires uncommon expertise from their CPA firm. Since 1983, through hard and soft markets, Conner Ash has provided services to benefit a broad array of small to medium-sized insurance entities.

Conner Ash currently serves as auditors and consultants to:

• Workers' compensation pools in multiple states
• Public entity risk pools in multiple states
• Risk retention groups
• Reciprocal insurers
• Captive insurers
• Specialty carriers

Our insurance team can help you understand and apply the diverse accounting and reporting standards that you may need to consider, including:

• Statutory Accounting Principles (SAP)
• Generally Accepted Accounting Principles (GAAP)
• Governmental Accounting Standards (GASB)
• Government Finance Officers Association (GFOA)

Tax compliance can also be a major headache for insurers writing business in several states. We have tax preparation software that can integrate with your annual statement software to produce your Federal and State income tax returns. In addition, we have the experience to help you create and evaluate strategies to maximize your tax objectives.

Additional Insurance consulting services include:

• Reorganization planning
• Rate setting
• Designing financial reporting systems
• Representing clients in front of the Department of Insurance
• Developing surplus management plans
• Recruiting key employees
• Developing tax savings strategies
• Benchmarking and trend analysis
• Strategic planning and budget preparation
• Federal and state regulatory compliance

Industry Affiliations & Memberships

• Self Insurance Institute of America
• Missouri Self-Insurers Association
• Missouri Captive Insurance Association

To learn more about our services to insurance entities, contact Bob Klutho and Alicia Drouant at (314) 205-2510.