The industry is still feeling the lingering effects of the financial crisis, which has prolonged the soft market, adding to competitive pressures and the potential under-pricing of risks. In addition, cybersecurity is at the top of everyone’s agenda with new regulations from the New York State Department of Financial Services and the Data Security Model Law from the NAIC. As a result, the environment is conducive to unforeseen risks, control breakdowns and even fraud. Accume Partners insurance professionals specialize in collaborating with clients to counter these challenges by building strong control environments which emphasize training, communication, transparency, and identification and quantification of risks.
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.
The professionals in our Insurance Practice average 20 years of experience and have the expertise to address a wide range of issues facing the insurance industry, including:
- Changing/unforeseen risk
- Lagging organizational readiness
- Increased regulation
- Cybersecurity risks
- Third party risks
By leveraging Accume Partners, expertise and experience in internal auditing and risk management, clients gain new insights into their organizations. Many of our clients learn new ways of addressing critical challenges and opportunities, realize efficiencies and ultimately cost savings.