Insurance

The highly regulated insurance industry is a core focus of Mazars in the US Financial Services Practice. Our insurance practice provides audit and services to U.S. and international property & casualty companies, life & health companies, reinsurers, captives, MGAs, MGUs, TPAs, policy holders, and regulators. The breadth and depth of our industry experience – together with our prominent international presence – provides clients with superb service and expertise. Our client base includes both life and health and property and casualty companies, ranging in size from start-ups to some of the largest multinational insurers.

Each member of our dedicated insurance group – from professional staff through partners – have years of industry experience and possesses a unique understanding of the market and business practices. Through our team approach, clients receive extensive knowledge and understanding of the marketplace, business practices, and ever-changing regulations unique to the insurance industry. Mazars has a proven commitment to serving our clients’ needs.

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CECL impact on insurance companies

ASC 326, the current expected credit loss (CECL) standard, has substantially changed how entities, including insurers, estimate credit losses on financial assets measured at amortized costs.

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