Insurance Industry

The insurance industry continues to face significant challenges. We are seeing consolidation at historically high levels.  Insurers are challenged to keep up with rapidly changing technology and tech savvy consumers.  Cybersecurity is at the top of everyone's agenda with new regulations from the New York Department of Financial Services and the forthcoming Data Security Model Law from the NAIC.  In addition, 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. As a result, the environment is conducive to unforeseen risks, control breakdowns and 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 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.