Three focused accounting services — each addressing a distinct layer of what it takes to maintain accurate, examination-ready financial records for an insurance entity. Scope and pricing stated plainly.
These three services can be engaged individually or in combination depending on your entity's reporting obligations. The bookkeeping service is the foundation — it produces the records that feed into reserve analysis and dual-basis reporting. Some clients need all three; others need one. We'll tell you which scope fits your situation after an initial conversation.
Specialized bookkeeping for insurance agencies, brokerages, and carriers. We track premium receivables, commission income, claims payables, and policyholder deposits using accounting methods appropriate to the insurance industry. Monthly reconciliations cover trust accounts, suspense items, and intercompany balances.
Reports are formatted to support regulatory examination and management review. This service is suitable for property-casualty, life, and specialty insurance entities.
Analytical support for the estimation and documentation of loss reserves and claims liabilities. We compile claims data, prepare development triangles, and assist actuaries or management with data inputs needed for reserve calculations.
Includes reconciliation of claims payment records with reserving data and preparation of supporting schedules for financial statement disclosures. Designed for carriers and self-insured entities.
Suitable for: Insurance carriers, self-insured entities, and captive insurance programs.
Preparation of financial statements under both statutory accounting principles (SAP) and generally accepted accounting principles (GAAP), including reconciliation between the two frameworks. We maintain dual-basis ledgers, prepare annual and quarterly statement blanks, and assist with supplemental filing schedules.
Includes monitoring of regulatory updates that affect reporting requirements. Suitable for insurance companies with multi-basis reporting obligations.
| Service | For | Investment |
|---|---|---|
|
Insurance Company Bookkeeping
Monthly ongoing
|
Agencies, brokerages, carriers (P&C, life, specialty) | $2,800 USD/mo |
|
Loss Reserve Analysis Support
Per engagement or ongoing
|
Carriers, self-insured entities, captives | $4,000 USD |
|
Statutory & GAAP Reporting
Per period or ongoing
|
Insurance companies with multi-basis reporting obligations | $5,500 USD |
Services can be engaged individually or in combination. Final scope confirmed after initial consultation.
Start with the bookkeeping service. This establishes the foundational structure that makes every other reporting function more straightforward — and it's the service that produces the records on which reserve and reporting work depends.
Insurance Bookkeeping →The reserve analysis support service addresses the gap between how claims records are kept and what actuaries need to finalize reserve estimates — whether you're running the analysis internally or working with an outside actuary.
Reserve Analysis Support →The statutory and GAAP reporting service is for entities that need to satisfy both regulatory and financial reporting frameworks — and want to maintain the reconciliation between them continuously rather than at year-end under time pressure.
Statutory & GAAP Reporting →A short call is usually enough to understand your entity type, current reporting setup, and which service scope would fit. We'll tell you plainly what makes sense and what doesn't.
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