The challenges facing the insurance industry are significant in
both their impact and speed of onset. The degree of regulation,
historically driven at the state level, has drawn greater focus
from the federal government with the credit crisis and government
bailout programs such as TARP. In addition, the Health Care Reform
initiative has painted a skewed picture of the insurance industry.
Investments that were considered sound only a few years ago have
generated losses that have hit the financial stability of the
industry and compromised claims paying ability of many carriers.
Coupled with the current state of the economy, the environment is
ripe for both internal and external fraud.
Accume Partners Insurance Practice specializes in working with
clients to counter these challenges by building strong control
environments emphasizing training, communication, transparency,
identification and quantification of risks, coupled with
risk/resource alignment from the top down. We can help by
performing a baseline assessment of your control structure,
evaluate your existing environment for optimization, identify
opportunities for automation, align resources to your areas of
highest risk, identify challenges on the horizon and keep your
organization on the leading edge. We can provide you with a control
model that is flexible, dynamic and agile in responding to changing
needs.
Accume Partners is experienced with a broad range of
operational, financial and regulatory solutions affecting risk
management and governance for insurance companies. Our suite of
services can be individually tailored to meet the needs of each of
our clients.