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Insurance

MarksNelson knows insurance. Our national insurance practice serves Fortune 100 companies. See how partnering with MarksNelson can assist your insurance company.

MarksNelson knows insurance.  Our national insurance practice serves many companies, some of which are listed on Fortune’s Top 100.  With experience and expertise in insurance-specific tax, attestation and consulting services, we can provide your organization with the insurance, captive and reinsurance solutions you need.

  • Is your insurance company being audited by the Internal Revenue Service?
  • Will your insurance company be required to have an audit completed?
  • Are you getting a fair deal in your insurance and reinsurance agreements?
  • Does your company want to learn how they can benefit from captive insurance solutions?

Our team members specialize in the insurance industry and enhance their knowledge with industry credentials and specialty courses. That constant connection to industry trends means that our professionals provide you with the right solutions to address the challenges you’re facing today.

Annually MarksNelson hosts a current developments seminar which offers free continuining professional education credits to professionals wanting to learn more about the latest GAAP, STAT and tax regulatory developments.

MarksNelson’s Insurance Department offers the following services:

Assurance & Business Advisory

Our business advisory practice helps you identify risks and opportunities beyond the traditional financial reporting function.

Our services include:

  • Financial statement audits
  • Annual and quarterly statement preparation
  • Special project and internal audit outsourcing
  • ORSA assistance
  • Professional training programs
  • National Flood Insurance Program financial statement audits & claim review services
  • Financial reporting, SOX, ORSA optimization services

Tax

Commercial and captive insurance companies have unique needs; therefore, it’s important to work with a firm that understands the strategies that can help minimize your tax liability.

  • Premium tax consulting
  • FATCA compliance
  • Implementation of captive insurance companies
  • Insurance tax compliance
  • Insurance tax planning and consulting

Consulting

MarksNelson works with organizations to establish and operate programs.

Our consulting services include:

  • Establishment and operation of captive insurance companies, including warranty companies
  • Consulting on reinsurance agreements
  • Structuring insurance arrangements
  • Rating agency consulting services