Insurance

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We’ve got you covered.

Whether we’re navigating compliance issues or lessening tax burdens, MCM has extensive experience serving clients in the insurance industry. Because of our knowledge of this highly-regulated and complex industry, we understand its specialized accounting practices and needs. Our national base of clients includes insurers, agencies, re-insurers, regulators, third-party administrators, captives, and self-insureds.

Our Insurance Industry Services

Insurance tax compliance and planning

Navigate insurance compliance legislation through our comprehensive prescriptive framework. We are intimately familiar with the penalties for breaking compliance regulations, and we’ll make sure you stay in the clear.

Financial statement review and compliance

Prepare your financial statements carefully and proactively for your next internal or external audit with our Insurance Services Team. We’ll review your previous financial statements to locate any problem areas so you can be in the best possible position to mitigate risk in the future.

Regulatory examinations and reporting

Maintain regulatory compliance and stay in the clear through our expert analysis and reporting. We understand the highly-regulated and complex insurance industry and we’ll strive to provide you a thorough report of how you can adapt your business practices to adhere to state and federal laws.

Statutory and GAAP accounting, preparation, reporting, and auditing

Engage with our distinct SAP and GAAP accounting practices when your company prepares for its next audit. Our Insurance Services Team will provide you the necessary materials to navigate your next audit and tax cycle effectively.

Self-funded insurance plan audits

Identify opportunities and anticipate challenges successfully as you continue self-funding your insurance plans. We’ll step in to analyze your company’s self-funded insurance plans for any costly errors.

Self-insured reimbursement audits

Trust our third-party administrator perspective when we offer an audit of your self-insured reimbursement materials.

Insurance-specific operating processes and systems consulting

Operate at the highest level of efficiency with the help of our Insurance Services Team. We’ll step in to make sure your services reach the quality threshold your company demands.

ACO services

Focus on your Accountable Care Organization while we manage the ins and outs of your financial responsibilities.

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Insurance-Related Articles

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    Published 06/23/2020

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