FMC has provided compliance and operational services to the insurance industry since our founding in 1988. Based on this extensive experience, we are uniquely qualified to serve insurance companies and insurance-related entities, including captives (pure and association), risk retention groups, self-insured groups, mutual companies, and stock companies.
Our Insurance Industry Services include:
Compliance Services
Compilation of statutory annual and quarterly statements
Audits of statutory and GAAP financial statements
Audits of claims processing by third-party administrators
Accounting assistance
Income tax return preparation: federal and state
Operational and Business Planning Services
Risk assessment
Mergers, acquisition, and divestitures
Tax planning (federal, state, and premium tax)
Line of business and product line reporting and analysis
Investment accounting - system implementation or enhancement
Evaluation of reinsurance accounting controls and contract reporting
Litigation support services to attorneys
Outsourcing of internal audit functions
Outsourced accounting functions
Practice Leaders